Vanguard Utilities ETF (VPU) Holdings
VPU holdings summary
as of Oct 23, 2026- Holdings
- 68 positions listed
- Top 10 weight
- 52.3% of net assets
- Effective holdings
- 24 equal-weight equivalent
- Largest holding
- NEE 11.84% NextEra Energy, Inc.
- Annual turnover
- 3.9% of the portfolio traded
All VPU holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | NEE | NextEra Energy, Inc. | Utilities | 11.84% | $940.4M | $166.46B | 17.9 |
| 2 | SO | The Southern Company | Utilities | 6.47% | $513.9M | $104.89B | 22.0 |
| 3 | DUK | Duke Energy Corporation | Utilities | 6.12% | $485.6M | $94.71B | 18.3 |
| 4 | CEG | Constellation Energy Corporation | Utilities | 5.67% | $449.9M | $96.15B | 26.5 |
| 5 | AEP | American Electric Power Company, Inc. | Utilities | 4.78% | $379.8M | $69.21B | 22.0 |
| 6 | D | Dominion Energy, Inc. | Utilities | 3.86% | $306.7M | $55.90B | 22.0 |
| 7 | SRE | Sempra | Utilities | 3.66% | $290.9M | $54.54B | 24.1 |
| 8 | XEL | Xcel Energy Inc. | Utilities | 3.32% | $263.4M | $47.67B | 20.9 |
| 9 | ETR | Entergy Corporation | Utilities | 3.30% | $262.2M | $50.22B | 26.9 |
| 10 | VST | Vistra Corp. | Utilities | 3.29% | $261.1M | $51.02B | 25.6 |
| 11 | EXC | Exelon Corporation | Utilities | 2.96% | $235.0M | $44.82B | 16.0 |
| 12 | ED | Consolidated Edison, Inc. | Utilities | 2.78% | $220.8M | $41.52B | 18.2 |
| 13 | WEC | WEC Energy Group, Inc. | Utilities | 2.37% | $188.3M | $35.42B | 21.1 |
| 14 | PEG | Public Service Enterprise Group Incorporated | Utilities | 2.33% | $185.1M | $35.63B | 17.8 |
| 15 | AEE | Ameren Corporation | Utilities | 2.05% | $163.1M | $29.37B | 18.7 |
| 16 | PCG | PG&E Corporation | Utilities | 1.99% | $158.2M | $39.30B | 9.5 |
| 17 | DTE | DTE Energy Company | Utilities | 1.88% | $148.9M | $27.00B | 20.6 |
| 18 | ATO | Atmos Energy Corporation | Utilities | 1.84% | $146.3M | $28.28B | 19.9 |
| 19 | AWK | American Water Works Company, Inc. | Utilities | 1.79% | $142.3M | $26.82B | 23.4 |
| 20 | CNP | CenterPoint Energy, Inc. | Utilities | 1.76% | $139.6M | $26.71B | 24.0 |
| 21 | ES | Eversource Energy | Utilities | 1.75% | $138.7M | $25.18B | 17.3 |
| 22 | FE | FirstEnergy Corp. | Utilities | 1.73% | $137.3M | $26.73B | 24.6 |
| 23 | PPL | PPL Corporation | Utilities | 1.71% | $135.8M | $26.47B | 20.8 |
| 24 | EIX | Edison International | Utilities | 1.52% | $120.3M | $21.52B | 5.8 |
| 25 | CMS | CMS Energy Corporation | Utilities | 1.47% | $116.8M | $21.54B | 20.6 |
| 26 | NRG | NRG Energy, Inc. | Utilities | 1.45% | $115.1M | $21.81B | 27.2 |
| 27 | EVRG | Evergy, Inc. | Utilities | 1.32% | $104.9M | $19.21B | 21.2 |
| 28 | NI | NiSource Inc. | Utilities | 1.31% | $104.3M | $20.47B | 22.7 |
| 29 | LNT | Alliant Energy Corporation | Utilities | 1.05% | $83.6M | $17.71B | 21.6 |
| 30 | TLN | Talen Energy Corporation | Utilities | 0.89% | $70.4M | $16.78B | — |
| 31 | PNW | Pinnacle West Capital Corporation | Utilities | 0.82% | $64.8M | $12.53B | 19.9 |
| 32 | WTRG | Essential Utilities, Inc. | Utilities | 0.80% | $63.3M | $11.58B | 20.8 |
| 33 | AES | The AES Corporation | Utilities | 0.73% | $58.2M | $10.67B | 5.6 |
| 34 | OGE | OGE Energy Corp. | Utilities | 0.70% | $55.4M | $9.82B | 20.9 |
| 35 | UGI | UGI Corporation | Utilities | 0.57% | $45.2M | $8.24B | 12.8 |
| 36 | NFG | National Fuel Gas Company | Energy | 0.50% | $39.8M | $7.60B | 11.1 |
| 37 | IDA | IDACORP, Inc. | Utilities | 0.50% | $39.6M | $8.00B | 22.9 |
| 38 | PNM | PNM Resources Inc | Utilities | 0.41% | $32.2M | — | — |
| 39 | SWX | Southwest Gas Holdings, Inc. | Utilities | 0.40% | $32.1M | $6.34B | 21.9 |
| 40 | BKH | Black Hills Corporation | Utilities | 0.39% | $30.9M | $5.84B | 19.3 |
| 41 | POR | Portland General Electric Company | Utilities | 0.38% | $30.0M | $5.19B | 19.5 |
| 42 | NJR | New Jersey Resources Corporation | Utilities | 0.38% | $29.8M | $5.30B | 14.5 |
| 43 | ORA | Ormat Technologies, Inc. | Utilities | 0.36% | $28.3M | $5.49B | 43.8 |
| 44 | OGS | ONE Gas, Inc. | Utilities | 0.33% | $26.5M | $4.75B | 16.3 |
| 45 | OKLO | Oklo Inc. | Utilities | 0.33% | $26.4M | $5.20B | — |
| 46 | NWE | NorthWestern Corporation | Utilities | 0.32% | $25.3M | $4.60B | 27.0 |
| 47 | SR | Spire Inc. | Utilities | 0.32% | $25.0M | $4.85B | 23.8 |
| 48 | MDU | MDU Resources Group, Inc. | Utilities | 0.25% | $20.1M | $4.00B | 20.2 |
| 49 | CWEN | Clearway Energy, Inc. | Utilities | 0.25% | $19.6M | $7.38B | 38.9 |
| 50 | AWR | American States Water Company | Utilities | 0.23% | $18.5M | $3.31B | 22.9 |
| 51 | OTTR | Otter Tail Corporation | Industrials | 0.23% | $18.2M | $3.78B | 19.5 |
| 52 | CPK | Chesapeake Utilities Corporation | Utilities | 0.23% | $18.0M | $3.34B | 21.1 |
| 53 | AVA | Avista Corporation | Utilities | 0.21% | $16.4M | $3.07B | 13.2 |
| 54 | CWT | California Water Service Group | Utilities | 0.21% | $16.3M | $2.87B | 20.8 |
| 55 | MGEE | MGE Energy, Inc. | Utilities | 0.19% | $15.1M | $2.73B | 17.8 |
| 56 | SJW | SJW Group Common Stock | Utilities | 0.15% | $11.6M | — | — |
| 57 | NWN | Northwest Natural Holding Company | Utilities | 0.14% | $11.3M | $2.06B | 16.3 |
| 58 | HE | Hawaiian Electric Industries, Inc. | Utilities | 0.12% | $9.3M | $1.48B | 6.6 |
| 59 | FRVO | Fervo Energy Company | Utilities | 0.08% | $6.2M | $2.85B | — |
| 60 | MSEX | Middlesex Water Company | Utilities | 0.07% | $5.9M | $1.03B | 21.1 |
| 61 | NEP | Nextera Energy Partners LP | Utilities | 0.07% | $5.3M | — | — |
| 62 | UTL | Unitil Corporation | Utilities | 0.06% | $5.1M | $986.1M | 17.1 |
| 63 | HNRG | Hallador Energy Company | Utilities | 0.04% | $2.9M | $552.0M | 585.5 |
| 64 | YORW | The York Water Company | Utilities | 0.04% | $2.9M | $502.1M | 19.2 |
| 65 | CWCO | Consolidated Water Co. Ltd. | Utilities | 0.03% | $2.4M | $452.2M | 27.7 |
| 66 | ARTNA | Artesian Resources Corporation | Utilities | 0.02% | $1.7M | $344.7M | 14.6 |
| 67 | CDZI | Cadiz Inc. | Industrials | 0.02% | $1.3M | $327.7M | — |
| 68 | GNE | Genie Energy Ltd. | Utilities | 0.02% | $1.2M | $438.7M | 15.2 |
Weights as a percentage of net assets. Value held = weight × net assets ($7.94B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
VPU sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Utilities | 98.4% | 65 | NEE, SO, DUK |
| Energy | 0.5% | 1 | NFG |
| Industrials | 0.2% | 2 | OTTR, CDZI |
Sum of the weights of the holdings in each sector.
VPU top industries
VPU overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| FUTY | Fidelity MSCI Utilities ETF | 97.3% | 63 of 63 | 0.08% |
| XLU | Utilities Select Sector SPDR Fund | 88.9% | 31 of 31 | 0.08% |
| IDU | iShares U.S. Utilities ETF | 88.0% | 41 of 46 | 0.38% |
| SDP | ProShares UltraShort Utilities | 81.6% | 44 of 48 | 0.94% |
| JXI | iShares Global Utilities ETF | 60.6% | 31 of 64 | 0.45% |
| IWM | iShares Russell 2000 ETF | 2.4% | 23 of 1,962 | 0.19% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the VPU portfolio
Vanguard Utilities ETF holds 68 positions. The ten largest make up 52.3% of the fund and the top 50 97.2%, so it behaves like a portfolio of about 24 equally weighted stocks. The biggest positions are NextEra Energy, Inc. (11.84%), The Southern Company (6.47%), Duke Energy Corporation (6.12%), Constellation Energy Corporation (5.67%), American Electric Power Company, Inc. (4.78%).
By sector, Utilities is 98.4%, Energy is 0.5%, Industrials is 0.2%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 23, 2026; positions change as the fund rebalances.
Related: VPU chart, VPU performance, VPU dividends, VPU valuation, VPU overview.
VPU holdings FAQ
How many holdings does VPU have?
VPU holds 68 positions as of October 23, 2026.
What are the top 10 holdings of VPU?
The ten largest holdings are NextEra Energy, Inc. (11.84%), The Southern Company (6.47%), Duke Energy Corporation (6.12%), Constellation Energy Corporation (5.67%), American Electric Power Company, Inc. (4.78%), Dominion Energy, Inc. (3.86%), Sempra (3.66%), Xcel Energy Inc. (3.32%), Entergy Corporation (3.30%), Vistra Corp. (3.29%). Together they are 52.3% of the fund.
What percentage of VPU is NextEra Energy, Inc.?
NextEra Energy, Inc. is the largest holding at 11.84% of net assets, about $940.4M of the fund's $7.94B.
Which sector is the largest in VPU?
Utilities is the largest sector at 98.4%, followed by Energy (0.5%) and Industrials (0.2%), based on the sectors of the individual holdings.
How concentrated is VPU?
The top 10 holdings are 52.3% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) VPU behaves like a portfolio of about 24 equally weighted stocks.