Vanguard Capital Opportunity Fund Admiral Shares
VHCAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Nov 12, 2001
- CIK
- 0000932471
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing primarily in U.S. stocks, with an emphasis on companies exhibiting prospects for rapid earnings growth; the fund employs fundamental research to identify stocks expected to outperform the market over a three- to five-year horizon at attractive prices relative to their fundamental values. It offers Investor Shares (VHCOX) and Admiral Shares, the latter featuring a lower expense ratio of 0.36%, a minimum initial investment of $50,000, and no loads or redemption fees; portfolio turnover remains low at approximately 6%-9%, reflecting a long-term holding strategy across large-, mid-, and small-cap growth stocks, with significant sector allocations to health care (around 30%), information technology (around 27%), industrials, and consumer discretionary. Top holdings typically include leading firms such as Eli Lilly & Co., Amgen Inc., Alphabet Inc., Microsoft Corp., and Micron Technology Inc., comprising about 30% of assets; the fund may allocate up to 25% to foreign securities, including depositary receipts, equity futures, exchange-traded funds (ETFs), and derivatives for efficient exposure or hedging, while maintaining primarily U.S. equity focus benchmarked against the Russell Midcap Growth Index. PRIMECAP Management Company, founded in 1983 and based in Pasadena, California, serves as the investment advisor, overseeing approximately $144 billion in assets as of September 2024 and utilizing a team of five autonomous portfolio managers—Theo A. Kolokotrones, Joel P. Fried, Alfred W. Mordecai, M. Mohsin Ansari, and James M. Marchetti—with deep experience in growth-oriented security selection. Managed within The Vanguard Group, Inc., founded in 1975 and headquartered in Malvern, Pennsylvania—the second-largest provider of ETFs globally with over $11 trillion in assets under management—the fund operates in the large-blend Morningstar category, targeting institutional and high-net-worth investors, including those in Vanguard advice programs and Flagship Services. The fund remains closed to most new investors and accounts outside specific Vanguard programs, with existing shareholders limited to $25,000 in annual additional purchases (excluding reinvestments), a policy unchanged since its 2004 closure alongside related PRIMECAP funds—unlike Vanguard PRIMECAP Fund (VPMCX) and PRIMECAP Core Fund (VPCCX), which reopened without restriction in June 2024 following capacity reviews. No major acquisitions, funding rounds, partnerships, or strategic shifts have been announced for the fund in the last 1-2 years, maintaining its established multi-manager structure under PRIMECAP amid Vanguard's ongoing active fund evaluations.