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Vanguard Personalized Indexing Management, LLC

CIK:0001767306
Investment Adviser
$9B AUM
1,945 holdings
Valley Forge, PA, United States
Founded:2015
86 employees
Latest filing:Jun 30, 2025

Vanguard Personalized Indexing Management, LLC is an SEC-registered investment adviser headquartered in Valley Forge, PA. It is a wholly owned, independently operated subsidiary of The Vanguard Group, Inc., specializing in direct indexing and personalized investment strategies for clients seeking tax optimization and customization beyond traditional pooled investment products. As of 2025, the firm manages billions in assets for a wide range of high-net-worth and other investors. It was formerly known as Just Invest, LLC before being acquired by Vanguard.

Investment Strategy

Vanguard Personalized Indexing Management, LLC provides direct, personalized indexing strategies primarily through separately managed accounts (SMAs), allowing clients to directly own individual stocks that broadly track a chosen index while enabling customization for factors like tax-loss harvesting and ESG preferences. Their approach leverages tax-efficient portfolio management, daily technology-driven account rebalancing, and tailoring to meet unique client objectives, seeking to generate after-tax alpha and portfolio results aligned with client needs. Their technology and investment philosophy offer scalable customization beyond what is typically available from mutual funds or ETFs for investors interested in greater tax optimization and personalization.

Latest 13F Filing Activity

Vanguard Personalized Indexing Management, LLC filed their most recent 13F report on Jun 30, 2025 disclosing 1,917 equity positions with a total 13F market value of $9B. The fund increased holdings in Nvidia Corporation, Microsoft Corp., Broadcom Inc. among other positions. Vanguard Personalized Indexing Management, LLC reduced exposure to Unitedhealth Group Inc., Discover Finl SVCS, Chevron Corp. New among others.

Top Buys
N
NVDANVIDIA CORPORATION
+$231.3M
M
MSFTMICROSOFT CORP
+$212.5M
A
AVGOBROADCOM INC
+$108.1M
M
METAMETA PLATFORMS INC
+$76.9M
A
AMZNAMAZON COM INC
+$76.0M
Top Sells
U
UNHUNITEDHEALTH GROUP INC
-$20.4M
D
DFSDISCOVER FINL SVCS
-$6.5M
C
CVXCHEVRON CORP NEW
-$6.1M
T
TMOTHERMO FISHER SCIENTIFIC INC
-$3.6M
B
BMYBRISTOL-MYERS SQUIBB CO
-$3.1M

Top Holdings

N
NVDANVIDIA CORPORATION
+6.2%$549.7M
M
MSFTMICROSOFT CORP
+6.1%$544.7M
A
AAPLAPPLE INC
+4.9%$437.0M
A
AMZNAMAZON COM INC
+3.2%$286.8M
M
METAMETA PLATFORMS INC
+2.6%$228.8M

Equity Positions (1,917)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
NVIDIA CORPORATION6.20%$549.7M3,477,711$68.27$157.99+$231.3M
MICROSOFT CORP6.15%$544.7M1,094,697$355.97$497.41+$212.5M
APPLE INC4.93%$437.0M2,129,345$174.37$205.17+$12.5M
AMAZON COM INC3.24%$286.8M1,307,345$166.43$219.39+$76.0M
META PLATFORMS INC2.58%$228.8M309,979$409.31$738.09+$76.9M

Industry Allocation

SEMICONDUCTORS & RELATED DEVICES
+11.7%
SERVICES-PREPACKAGED SOFTWARE
+10.4%
SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
+8.3%
ELECTRONIC COMPUTERS
+5.9%
PHARMACEUTICAL PREPARATIONS
+4.3%