VANGUARD FIDUCIARY TRUST CO

Vanguard Fiduciary Trust Co.'s Q1 2026 13F discloses a $396.1B equity book whose entire 50-position top tier is reported as new this quarter — an initial-style snapshot rather than an active-trading filing. The portfolio is broad-market in shape, led by Nvidia (6.16%), Apple (5.46%), Microsoft (4.03%), Amazon (2.96%), and Alphabet's two share classes. Technology is the dominant sleeve at $89.3B, consistent with a large index-weighted trust book rather than a discretionary stock-picking strategy.