NPORT-P false 0000857490 XXXXXXXX S000004397 C000012153 VANGUARD VARIABLE INSURANCE FUNDS 811-05962 0000857490 549300N9FZ0B1IR95761 100 Vanguard Boulevard Malvern 19355 610-669-1000 CAPITAL GROWTH PORTFOLIO S000004397 3D5C0XOO181FNTK2FP52 2019-12-31 2019-12-31 N 1985355587.2 8169081.32 1977186505.88 0 0 0 0 0 0 0 0 0 0 0 0 0 0.81 N Albemarle Corp. HDBLS2Q6GV1LSKQPBS54 012653101 63900.00000000 NS USD 4667256.00000000 0.236055424519 Long EC CORP US N 1 N N N Texas Instruments Inc. WDJNR2L6D8RWOEB8T652 882508104 556400.00000000 NS USD 71380556.00000000 3.610208535599 Long EC CORP US N 1 N N N CSX Corp. 549300JVQR4N1MMP3Q88 126408103 34200.00000000 NS USD 2474712.00000000 0.125163306174 Long EC CORP US N 1 N N N Intel Corp. KNX4USFCNGPY45LOCE31 458140100 403500.00000000 NS USD 24149475.00000000 1.221406019522 Long EC CORP US N 1 N N N CME Group Inc. LCZ7XYGSLJUHFXXNXD88 12572Q105 20400.00000000 NS USD 4094688.00000000 0.207096699670 Long EC CORP US N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 66987V109 397550.00000000 NS USD 37644009.50000000 1.903917985888 Long EC CORP CH N 1 N N N Hewlett Packard Enterprise Co. 549300BX44RGX6ANDV88 42824C109 1140550.00000000 NS USD 18089123.00000000 0.914892092688 Long EC CORP US N 1 N N N Siemens AG W38RGI023J3WT1HWRP32 N/A 298111.00000000 NS 38930956.05000000 1.969007776161 Long EC CORP DE N 2 N N N BioMarin Pharmaceutical Inc. NSLL8ITTRR0J5HEMR848 09061G101 112200.00000000 NS USD 9486510.00000000 0.479798439438 Long EC CORP US N 1 N N N Discover Financial Services Z1YLO2USPORE63VVUL20 254709108 82500.00000000 NS USD 6997650.00000000 0.353919571026 Long EC CORP US N 1 N N N Amazon.com Inc. ZXTILKJKG63JELOEG630 023135106 5400.00000000 NS USD 9978336.00000000 0.504673482765 Long EC CORP US N 1 N N N Citigroup Inc. 6SHGI4ZSSLCXXQSBB395 172967424 41900.00000000 NS USD 3347391.00000000 0.169300720495 Long EC CORP US N 1 N N N Alaska Air Group Inc. 529900G48RT4KWLC6C27 011659109 115000.00000000 NS USD 7791250.00000000 0.394057413239 Long EC CORP US N 1 N N N Airbus SE MINO79WLOO247M1IL051 N/A 296100.00000000 NS 43457385.60000000 2.197940632851 Long EC CORP NL N 2 N N N Alphabet Inc. 5493006MHB84DD0ZWV18 02079K107 34470.00000000 NS USD 46087079.40000000 2.330942440834 Long EC CORP US N 1 N N N Perspecta Inc. 549300XIT2GJKMZC0O65 715347100 28730.00000000 NS USD 759621.20000000 0.038419299228 Long EC CORP US N 1 N N N United Technologies Corp. I07WOS4YJ0N7YRFE7309 913017109 31500.00000000 NS USD 4717440.00000000 0.238593576578 Long EC CORP US N 1 N N N Alphabet Inc. 5493006MHB84DD0ZWV18 02079K305 34000.00000000 NS USD 45539260.00000000 2.303235423900 Long EC CORP US N 1 N N N Pentair plc 549300EVR9D56WPSRP15 N/A 23700.00000000 NS USD 1087119.00000000 0.054983128640 Long EC CORP IE N 1 N N N EOG Resources Inc. XWTZDRYZPBUHIQBKDB46 26875P101 43200.00000000 NS USD 3618432.00000000 0.183009138957 Long EC CORP US N 1 N N N Mattel Inc. 549300VELLG24KHTJ564 577081102 669500.00000000 NS USD 9071725.00000000 0.458819892459 Long EC CORP US N 1 N N Walt Disney Co. 549300GZKULIZ0WOW665 254687106 69400.00000000 NS USD 10037322.00000000 0.507656812857 Long EC CORP US N 1 N N N Honeywell International Inc. ISRPG12PN4EIEOEMW547 438516106 53600.00000000 NS USD 9487200.00000000 0.479833337511 Long EC CORP US N 1 N N N Oracle Corp. 1Z4GXXU7ZHVWFCD8TV52 68389X105 161300.00000000 NS USD 8545674.00000000 0.432213854109 Long EC CORP US N 1 N N N Ross Stores Inc. 549300ENZFLPGRDFZQ60 778296103 213900.00000000 NS USD 24902238.00000000 1.259478452130 Long EC CORP US N 1 N N N Elanco Animal Health Inc. 549300SHPNDCE059M934 28414H103 348916.00000000 NS USD 10275576.20000000 0.519706976020 Long EC CORP US N 1 N N N Adobe Inc. FU4LY2G4933NH2E1CP29 00724F101 308100.00000000 NS USD 101614461.00000000 5.139346272989 Long EC CORP US N 1 N N N Whirlpool Corp. WHENKOULSSK7WUM60H03 963320106 116000.00000000 NS USD 17113480.00000000 0.865547076570 Long EC CORP US N 1 N N N Entegris Inc. IYX6OWO7BT5DKO3BYG52 29362U104 46900.00000000 NS USD 2349221.00000000 0.118816358143 Long EC CORP US N 1 N N N American Airlines Group Inc. N/A 02376R102 543900.00000000 NS USD 15599052.00000000 0.788951975628 Long EC CORP US N 1 N N N Roche Holding AG 549300U41AUUVOAAOB37 N/A 91677.00000000 NS 29795283.13000000 1.506953594989 Long EC CORP CH N 2 N N N HP Inc. WHKXQACZ14C5XRO8LW03 40434L105 809250.00000000 NS USD 16630087.50000000 0.841098573682 Long EC CORP US N 1 N N N Intuit Inc. VI90HBPH7XSFMB9E4M29 461202103 48600.00000000 NS USD 12729798.00000000 0.643833951028 Long EC CORP US N 1 N N N Transocean Ltd. 529900QO4W5DQGBGEF32 H8817H100 169200.00000000 NS USD 1164096.00000000 0.058876388066 Long EC CORP CH N 1 N N N DXC Technology Co. 549300DOVZ3EDJB7O259 23355L106 57461.00000000 NS USD 2159958.99000000 0.109244068962 Long EC CORP US N 1 N N N Charter Communications Inc. 0J0XRGZE3PBRFEZ7MV65 16119P108 2900.00000000 NS USD 1406732.00000000 0.071148169169 Long EC CORP US N 1 N N N Schlumberger Ltd. 213800ZUA17OK3QLGM62 806857108 45700.00000000 NS USD 1837140.00000000 0.092916879340 Long EC CORP CW N 1 N N N Eli Lilly & Co. FRDRIPF3EKNDJ2CQJL29 532457108 633571.00000000 NS USD 83270236.53000000 4.211551934142 Long EC CORP US N 1 N N N Noble Energy Inc. 02VFQXG2D1LR5ZH3K186 655044105 49700.00000000 NS USD 1234548.00000000 0.062439633101 Long EC CORP US N 1 N N N Deere & Co. PWFTNG3EI0Y73OXWDH08 244199105 12400.00000000 NS USD 2148424.00000000 0.108660664717 Long EC CORP US N 1 N N N PayPal Holdings Inc. 5493005X2GO78EFZ3E94 70450Y103 31700.00000000 NS USD 3428989.00000000 0.173427695859 Long EC CORP US N 1 N N N Dell Technologies Inc. 549300TJB5YBRUPOG437 24703L202 18447.00000000 NS USD 947991.33000000 0.047946479868 Long EC CORP US N 1 N N N Merck & Co. Inc. 4YV9Y5M8S0BRK1RP0397 58933Y105 36200.00000000 NS USD 3292390.00000000 0.166518939422 Long EC CORP US N 1 N N N FedEx Corp. 549300E707U7WNPZN687 31428X106 266400.00000000 NS USD 40282344.00000000 2.037356813846 Long EC CORP US N 1 N N N Zimmer Biomet Holdings Inc. 2P2YLDVPES3BXQ1FRB91 98956P102 30000.00000000 NS USD 4490400.00000000 0.227110593090 Long EC CORP US N 1 N N N Thermo Fisher Scientific Inc. HCHV7422L5HDJZCRFL38 883556102 69500.00000000 NS USD 22578465.00000000 1.141949175399 Long EC CORP US N 1 N N N Biogen Inc. W8J5WZB5IY3K0NDQT671 09062X103 246200.00000000 NS USD 73054926.00000000 3.694893009978 Long EC CORP US N 1 N N N Cisco Systems Inc. 8E6NF1YAL0WT6CWXXV93 17275R102 327100.00000000 NS USD 15687716.00000000 0.793436327495 Long EC CORP US N 1 N N N Boeing Co. RVHJWBXLJ1RFUBSY1F30 097023105 25550.00000000 NS USD 8323168.00000000 0.420960186368 Long EC CORP US N 1 N N N Alibaba Group Holding Ltd. 5493001NTNQJDH60PM02 01609W102 231800.00000000 NS USD 49164780.00000000 2.486603052053 Long EC CORP KY N 1 N N N AstraZeneca plc PY6ZZQWO2IZFZC3IOL08 046353108 791400.00000000 NS USD 39459204.00000000 1.995724929471 Long EC CORP GB N 1 N N N Comcast Corp. 51M0QTTNCGUN7KFCFZ59 20030N101 43900.00000000 NS USD 1974183.00000000 0.099848091929 Long EC CORP US N 1 N N N eBay Inc. OML71K8X303XQONU6T67 278642103 46800.00000000 NS USD 1689948.00000000 0.085472361609 Long EC CORP US N 1 N N N L Brands Inc. GR3KVMWVCR54YWQNXU90 501797104 238300.00000000 NS USD 4317996.00000000 0.218390930099 Long EC CORP US N 1 N N N Southwest Airlines Co. UDTZ87G0STFETI6HGH41 844741108 978150.00000000 NS USD 52800537.00000000 2.670488436117 Long EC CORP US N 1 N N N TJX Cos. Inc. V167QI9I69W364E2DY52 872540109 254600.00000000 NS USD 15545876.00000000 0.786262497430 Long EC CORP US N 1 N N N nVent Electric plc N/A N/A 23700.00000000 NS USD 606246.00000000 0.030662054297 Long EC CORP IE N 1 N N N Activision Blizzard Inc. 549300TPQQDBP9GNOF40 00507V109 127400.00000000 NS USD 7570108.00000000 0.382872732414 Long EC CORP US N 1 N N N TransDigm Group Inc. 549300TS340K3LI25S90 893641100 5000.00000000 NS USD 2800000.00000000 0.141615370713 Long EC CORP US N 1 N N N Bristol-Myers Squibb Co. HLYYNH7UQUORYSJQCN42 110122108 242600.00000000 NS USD 15572494.00000000 0.787608753837 Long EC CORP US N 1 N N N NVIDIA Corp. 549300S4KLFTLO7GSQ80 67066G104 64400.00000000 NS USD 15153320.00000000 0.766408224764 Long EC CORP US N 1 N N N Sanofi 549300E9PC51EN656011 80105N105 36800.00000000 NS USD 1847360.00000000 0.093433775443 Long EC CORP FR N 1 N N N Linde plc 8945002PAZHZLBGKGF02 N/A 20500.00000000 NS USD 4364450.00000000 0.220740430253 Long EC CORP IE N 1 N N N Dow Inc. 5493003S21INSLK2IP73 260557103 23866.00000000 NS USD 1306186.18000000 0.066062871464 Long EC CORP US N 1 N N N Caterpillar Inc. WRJR7GS4GTRECRRTVX92 149123101 153500.00000000 NS USD 22668880.00000000 1.146522087450 Long EC CORP US N 1 N N N QUALCOMM Inc. H1J8DDZKZP6H7RWC0H53 747525103 326800.00000000 NS USD 28833564.00000000 1.458312805304 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 060505104 549000.00000000 NS USD 19335780.00000000 0.977944161691 Long EC CORP US N 1 N N N Abbott Laboratories HQD377W2YR662HK5JX27 002824100 134400.00000000 NS USD 11673984.00000000 0.590434132808 Long EC CORP US N 1 N N N Amgen Inc. 62QBXGPJ34PQ72Z12S66 031162100 283871.00000000 NS USD 68432781.97000000 3.461119209871 Long EC CORP US N 1 N N N BlackBerry Ltd. 549300HJD8NEGT71RF07 09228F103 195800.00000000 NS USD 1257036.00000000 0.063577006835 Long EC CORP CA N 1 N N N KLA Corp. 549300H0BF5JCG96TJ81 482480100 142600.00000000 NS USD 25407042.00000000 1.285009882701 Long EC CORP US N 1 N N N Charles Schwab Corp. 549300VSGCJ7E698NM85 808513105 461000.00000000 NS USD 21925160.00000000 1.108907021912 Long EC CORP US N 1 N N N Telefonaktiebolaget LM Ericsson 549300W9JLPW15XIFM52 294821608 1861500.00000000 NS USD 16343970.00000000 0.826627632314 Long EC CORP SE N 1 N N N Visa Inc. 549300JZ4OKEHW3DPJ59 92826C839 33200.00000000 NS USD 6238280.00000000 0.315512976719 Long EC CORP US N 1 N N N Royal Caribbean Cruises Ltd. K2NEH8QNVW44JIWK7Z55 N/A 78000.00000000 NS USD 10413780.00000000 0.526696898296 Long EC CORP LR N 1 N N N United Airlines Holdings Inc. N/A 910047109 431900.00000000 NS USD 38046071.00000000 1.924253017449 Long EC CORP US N 1 N N N DuPont de Nemours Inc. 5493004JF0SDFLM8GD76 26614N102 23866.00000000 NS USD 1532197.20000000 0.077493812315 Long EC CORP US N 1 N N N Marriott International Inc. 225YDZ14ZO8E1TXUSU86 571903202 11100.00000000 NS USD 1680873.00000000 0.085013376077 Long EC CORP US N 1 N N N United Parcel Service Inc. D01LMJZU09ULLNCY6Z23 911312106 47850.00000000 NS USD 5601321.00000000 0.283297553535 Long EC CORP US N 1 N N N Tesla Inc. 54930043XZGB27CTOV49 88160R101 14400.00000000 NS USD 6023952.00000000 0.304672927014 Long EC CORP US N 1 N N Alcon Inc. 549300LDT5AP8S0NBM78 H01301128 70410.00000000 NS USD 3983093.70000000 0.201452603897 Long EC CORP CH N 1 N N N Corteva Inc. 549300WZN9I2QKLS0O94 22052L104 23866.00000000 NS USD 705478.96000000 0.035680951589 Long EC CORP US N 1 N N N Apple Inc. HWUPKR0MPOU8FGXBT394 037833100 12500.00000000 NS USD 3670625.00000000 0.185648900044 Long EC CORP US N 1 N N N Micron Technology Inc. B3DXGBC8GAIYWI2Z0172 595112103 842900.00000000 NS USD 45331162.00000000 2.292710468394 Long EC CORP US N 1 N N N Hess Corp. UASVRYNXNK17ULIGK870 42809H107 131200.00000000 NS USD 8765472.00000000 0.443330559556 Long EC CORP US N 1 N N N Microsoft Corp. INR2EJN1ERAN0W5ZP974 594918104 604600.00000000 NS USD 95345420.00000000 4.822277499692 Long EC CORP US N 1 N N N Union Pacific Corp. 549300LMMRSZZCZ8CL11 907818108 59200.00000000 NS USD 10702768.00000000 0.541313020707 Long EC CORP US N 1 N N N Medtronic plc 549300GX3ZBSQWUXY261 G5960L103 117200.00000000 NS USD 13296340.00000000 0.672487899369 Long EC CORP IE N 1 N N N salesforce.com Inc. RCGZFPDMRW58VJ54VR07 79466L302 12700.00000000 NS USD 2065528.00000000 0.104468040513 Long EC CORP US N 1 N N N Siemens Healthineers AG 529900QBVWXMWANH7H45 N/A 96400.00000000 NS 4621152.00000000 0.233723626287 Long EC CORP DE Y 2 N N N Micro Focus International plc 213800F8E4X648142844 594837403 72667.00000000 NS USD 1019518.01000000 0.051564078905 Long EC CORP GB N 1 N N N Analog Devices Inc. GYVOE5EZ4GDAVTU4CQ61 032654105 86800.00000000 NS USD 10315312.00000000 0.521716690323 Long EC CORP US N 1 N N N NetApp Inc. QTX3D84DZDD5JYOCYH15 64110D104 336100.00000000 NS USD 20922225.00000000 1.058181660545 Long EC CORP US N 1 N N N Agilent Technologies Inc. QUIX8Y7A2WP0XRMW7G29 00846U101 26500.00000000 NS USD 2260715.00000000 0.114339997429 Long EC CORP US N 1 N N N Boston Scientific Corp. Y6ZDD9FP4P8JSSJMW954 101137107 847702.00000000 NS USD 38333084.44000000 1.938769272701 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 46625H100 307000.00000000 NS USD 42795800.00000000 2.164479672136 Long EC CORP US N 1 N N N Progressive Corp. 529900TACNVLY9DCR586 743315103 44500.00000000 NS USD 3221355.00000000 0.162926208044 Long EC CORP US N 1 N N N Wells Fargo & Co. PBLD0EJDB5FWOLXP3B76 949746101 837400.00000000 NS USD 45052120.00000000 2.278597384010 Long EC CORP US N 1 N N N US Bancorp N1GZ7BBF3NP8GI976H15 902973304 81300.00000000 NS USD 4820277.00000000 0.243794755106 Long EC CORP US N 1 N N N Marsh & McLennan Cos. Inc. 549300XMP3KDCKJXIU47 571748102 170700.00000000 NS USD 19017687.00000000 0.961855998078 Long EC CORP US N 1 N N N Carnival F1OF2ZSX47CR0BCWA982 143658300 209400.00000000 NS USD 10643802.00000000 0.538330702154 Long EC CORP PA N 1 N N N Sony Corp. 529900R5WX9N2OI2N910 835699307 461900.00000000 NS USD 31409200.00000000 1.588580536362 Long EC CORP JP N 1 N N N Delta Air Lines Inc. Q2CCMS6R0AS67HJMBN42 247361702 334000.00000000 NS USD 19532320.00000000 0.987884549176 Long EC CORP US N 1 N N N Corning Inc. 549300X2937PB0CJ7I56 219350105 127350.00000000 NS USD 3707158.50000000 0.187496651882 Long EC CORP US N 1 N N N Plantronics Inc. 5493006O3W5M472F6668 727493108 71650.00000000 NS USD 1958911.00000000 0.099075681235 Long EC CORP US N 1 N N N Pioneer Natural Resources Co. FY8JBF7CCL2VE4F1B628 723787107 64200.00000000 NS USD 9717954.00000000 0.491504163673 Long EC CORP US N 1 N N N CVS Health Corp. 549300EJG376EN5NQE29 126650100 82600.00000000 NS USD 6136354.00000000 0.310357873764 Long EC CORP US N 1 N N N Textron Inc. 3PPKBHUG1HD6BO7RNR87 883203101 102000.00000000 NS USD 4549200.00000000 0.230084515875 Long EC CORP US N 1 N N N Vanguard Cmt Funds-Vanguard Market Liquidity Fund 1I6HV0TLSTR3A4XQ6L78 N/A 58544.10000000 NS USD 5854995.04000000 0.296127604684 Long STIV CORP US N 1 N N Vanguard Cmt Funds-Vanguard Market Liquidity Fund 1I6HV0TLSTR3A4XQ6L78 N/A 969618.22000000 NS USD 96971517.88000000 4.904520519010 Long STIV CORP US N 1 N N N 2020-01-31 VANGUARD VARIABLE INSURANCE FUNDS Christine M. Buchanan Christine M. Buchanan Treasurer