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Held by 293 of 5,944 reporting institutions (94th percentile) — extremely crowded.
Data as of Q1 2026
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Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Solve the discounted cash flow backwards, then stress-test the assumptions.
To be worth $31.85 today, the market must believe free cash flow compounds 33.8%/yr for a decade (off $36M normalized FCF).
2-stage DCF · 0.14B shares · net debt $436M
mean -35.6% · volatility σ 262% · implied rate exceeded in 2/7 yrs
Central path = implied 33.8%/yr growth; shaded band = ±1σ (262%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
Is the value real, and is the business safe? Academic scores + earnings quality + solvency, from SEC filings.
Safe > 2.99 · grey 1.81–2.99 · distress < 1.81
Eight indices comparing this year to last (receivables, margins, asset quality, growth, accruals, leverage). Above −1.78 suggests possible manipulation; below −2.22 is clean.
A screen, not proof — high growth alone can raise it.
Cash-conversion data unavailable. Lower/negative accruals = higher quality (Sloan).
Interest coverage is thin — monitor; leverage falling year-over-year.
F-Score (0–9 fundamental momentum), Altman Z (distress risk), and Beneish M (earnings-manipulation screen) are academic models computed from the SEC filings. Screens and context — educational, not recommendations.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $13M buybacks = $13M returned on -$89M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A balanced mix of reinvestment and shareholder returns.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: -0%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $515M covers the $0 due within a year 514966000.0× over. Scheduled principal only (excludes interest & revolver draws). As of 2018-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Thin coverage — earnings barely cover interest. Effective rate ~4.1% on $951M of debt.
Cash of $515M fully covers short-term debt of $0.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-09-17
How a revenue dollar becomes profit — FY2025
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.07B 100.0% | $2.94B 100.0% | $3.40B 100.0% | $3.50B 100.0% | $3.24B 100.0% | $2.50B 100.0% | $2.67B 100.0% | $3.03B 100.0% | $2.60B 100.0% | $2.32B 100.0% |
| Cost of Revenue | $2.47B 80.6% | $2.31B 78.7% | $2.43B 71.4% | $2.44B 69.7% | — | — | — | — | $1.90B 73.0% | $1.74B 75.2% |
| Cost of Products | — | — | — | — | — | — | — | — | $1.90B 73.0% | $1.74B 75.2% |
| Gross Profit | $594.9M 19.4% | $626.3M 21.3% | $974.5M 28.6% | $1.06B 30.3% | $887.9M 27.4% | $581.9M 23.3% | $671.2M 25.2% | $888.5M 29.3% | $703.1M 27.0% | $573.8M 24.8% |
| Research & Development | $122.4M 4.0% | $120.1M 4.1% | $99.5M 2.9% | $81.2M 2.3% | $77.4M 2.4% | $70.9M 2.8% | $69.8M 2.6% | $72.9M 2.4% | $67.2M 2.6% | $66.8M 2.9% |
| Selling, General & Admin | $538.0M 17.5% | $513.6M 17.5% | $488.3M 14.4% | $443.5M 12.7% | $420.1M 13.0% | $371.4M 14.8% | $384.6M 14.4% | $403.4M 13.3% | $367.8M 14.2% | $356.0M 15.4% |
| Operating Income | $56.9M 1.9% | $5.6M 0.2% | $486.1M 14.3% | $615.5M 17.6% | $467.8M 14.4% | $209.7M 8.4% | $262.4M 9.8% | $485.1M 16.0% | $324.0M 12.5% | $197.1M 8.5% |
| Interest Expense | $38.7M 1.3% | $27.5M 0.9% | $25.1M 0.7% | $17.1M 0.5% | $17.5M 0.5% | $31.6M 1.3% | $33.7M 1.3% | $36.7M 1.2% | $27.9M 1.1% | $25.6M 1.1% |
| Other Income (Expense), net | -$31.4M -1.0% | -$8.0M -0.3% | -$18.7M -0.6% | -$22.0M -0.6% | -$33.2M -1.0% | -$51.4M -2.1% | -$36.1M -1.4% | -$68.3M -2.3% | -$44.6M -1.7% | -$102.8M -4.4% |
| Pretax Income | $25.5M 0.8% | -$2.4M -0.1% | $467.4M 13.7% | $593.5M 17.0% | $434.6M 13.4% | $158.3M 6.3% | $226.3M 8.5% | $416.8M 13.7% | $279.4M 10.7% | $94.2M 4.1% |
| Income Tax Expense | $34.5M 1.1% | $27.4M 0.9% | $141.9M 4.2% | $163.0M 4.7% | $135.7M 4.2% | $34.5M 1.4% | $61.5M 2.3% | $70.2M 2.3% | $298.9M 11.5% | $44.8M 1.9% |
| Net Income | -$9.0M -0.3% | -$31.2M -1.1% | $323.8M 9.5% | $428.8M 12.3% | $298.0M 9.2% | $122.9M 4.9% | $163.9M 6.1% | $345.8M 11.4% | -$20.3M -0.8% | $48.8M 2.1% |
| Per Share | ||||||||||
| EPS (Basic) | $-0.07 | $-0.23 | $2.32 | $2.99 | $2.05 | $0.85 | $1.13 | $2.39 | $-0.14 | $0.33 |
| EPS (Diluted) | $-0.07 | $-0.23 | $2.31 | $2.98 | $2.05 | $0.85 | $1.13 | $2.24 | $-0.14 | $0.32 |
| Weighted Avg Shares (Basic) | 135.7M | 137.0M | 139.4M | 143.4M | 145.0M | 144.8M | 144.6M | 144.4M | 145.6M | 147.2M |
| Weighted Avg Shares (Diluted) | 135.7M | 137.0M | 140.2M | 143.9M | 145.5M | 145.2M | 145.1M | 154.6M | 145.6M | 150.7M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
Ranked against 743 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-03-31.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TSM | $10.83T | — | — | — | — | — | — | — | — | — | 3,121 |
| NVDA | $5.20T | 43.6× | 39.0× | 24.1× | 65.5% | 71.1% | 55.6% | 76.3% | 72.4% | 0.1× | 5,582 |
| AAPL | $4.98T | 45.2× | 34.8× | 12.0× | 6.4% | 46.9% | 26.9% | 152% | 68.1% | 0.6× | 5,858 |
| MSFT | $3.64T | 27.3× | 19.3× | 11.0× | 17.8% | 67.9% | 40.3% | 30.2% | 27.7% | 0.2× | 5,944 |
| AVGO | $1.65T | 72.8× | 65.1× | 25.8× | 23.9% | 67.8% | 36.2% | 28.4% | 15.8% | 2.5× | 4,442 |
| MU | $1.04T | 122.1× | 57.5× | 27.8× | 48.9% | 39.8% | 22.8% | 15.8% | 12.9% | 0.7× | 2,894 |
| AMD | $888.5B | 205.7× | 210.2× | 25.6× | 34.3% | 49.5% | 12.5% | 6.9% | 6.5% | 0.8× | 3,059 |
| INTC | $543.3B | — | 67.4× | 10.3× | -0.5% | 34.8% | -0.5% | -0.2% | -0.2% | 5.5× | 2,495 |
| CSCO | $436.6B | 43.2× | 36.6× | 7.7× | 5.3% | 64.9% | 18.0% | 21.7% | 13.6% | 2.3× | 3,560 |
| PLTR | $416.9B | 276.7× | 288.5× | 93.2× | 56.2% | 82.4% | 36.3% | 22.0% | 22.0% | — | 2,883 |
| DELL | $383.6B | 67.8× | 36.1× | 3.4× | 18.8% | 20.0% | 5.2% | -240% | 20.4% | 2.8× | 1,564 |
| LRCX | $341.7B | 64.9× | 54.5× | 18.5× | 23.7% | 48.7% | 29.1% | 54.3% | 37.4% | 0.7× | 2,500 |
| AMAT | $331.0B | 48.2× | 38.1× | 11.7× | 4.4% | 48.7% | 24.7% | 34.3% | 25.9% | 0.8× | 2,826 |
| RPAY | $325.1B | — | — | 1051.3× | -1.2% | 75.0% | -83.0% | -53.0% | -28.2% | -1.7× | 142 |
| UMC | $283.0B | — | — | — | — | — | — | — | — | — | 302 |
| ARM | $281.9B | 311.6× | 242.9× | 57.3× | 22.8% | 97.5% | 18.4% | 10.9% | 10.9% | — | 730 |
| SAP | $261.9B | — | — | — | — | — | — | — | — | — | 794 |
| PANW | $250.9B | 234.8× | 156.8× | 27.2× | 14.9% | 73.4% | 12.3% | 14.5% | 14.5% | — | 2,374 |
| ANET | $250.7B | 72.6× | 63.3× | 27.8× | 28.6% | 64.1% | 39.0% | 28.4% | 28.4% | — | 1,930 |
| TXN | $236.9B | 47.8× | 31.2× | 13.4× | 13.0% | 57.0% | 28.3% | 30.7% | 16.5% | 1.8× | 2,345 |
| CRM | $225.6B | 31.1× | 24.4× | 5.4× | 9.6% | 77.7% | 18.0% | 12.6% | 10.1% | 1.5× | 2,547 |
| IBM | $222.8B | 21.3× | — | 3.3× | 7.6% | 58.2% | 15.7% | 32.4% | 11.3% | — | 3,351 |
| SNDK | $221.9B | — | — | 30.2× | 10.4% | 30.1% | -22.3% | -17.8% | -14.8% | -1.5× | 1,127 |
| QCOM | $198.5B | 36.9× | 14.9× | 4.5× | 13.7% | 55.4% | 12.5% | 26.1% | 15.4% | 1.1× | 2,611 |
| MRVL | $194.6B | 74.8× | 127.2× | 23.8× | 42.1% | 51.0% | 32.6% | 18.7% | 14.2% | 2.9× | 1,477 |
| VSH | $4.3B | — | 16.6× | 1.4× | 4.5% | 19.4% | -0.3% | -0.4% | -0.3% | 3.4× | 293 |
Peers = companies sharing VSH's sector (Technology) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-09-17
No standout strengths flagged.
Where each multiple sits in its own 14-yr range · 100th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
Watch the leverage lever — a chunk of ROE comes from the balance sheet.
What the company owes vs. what it holds
Year-by-year maturities aren't in SEC companyfacts (footnote-only), so this shows the debt/cash structure and net leverage instead.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 203.5× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | — | — | — | — | 69.7 | 71.4 | 78.7 | 80.6 |
| Gross Profit | 29.3 | 25.2 | 23.3 | 27.4 | 30.3 | 28.6 | 21.3 | 19.4 |
| R&D | 2.4 | 2.6 | 2.8 | 2.4 | 2.3 | 2.9 | 4.1 | 4.0 |
| SG&A | 13.3 | 14.4 | 14.8 | 13.0 | 12.7 | 14.4 | 17.5 | 17.5 |
| Operating Income | 16.0 | 9.8 | 8.4 | 14.4 | 17.6 | 14.3 | 0.2 | 1.9 |
| Income Tax | 2.3 | 2.3 | 1.4 | 4.2 | 4.7 | 4.2 | 0.9 | 1.1 |
| Net Income | 11.4 | 6.1 | 4.9 | 9.2 | 12.3 | 9.5 | -1.1 | -0.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on VSH: price, valuation, headline fundamentals, and an auto-generated scorecard from SEC filings. Flags are rule-based signals, not recommendations.