Vanguard (BPOP) holds 4.88M shares, 7.5% stake in Popular Inc (Schedule 13G)

Rhea-AI Filing Summary

Popular Inc ownership disclosure: Vanguard Portfolio Management reported beneficial ownership of 4,878,941 shares of Common Stock, representing 7.5% of the class as of 03/31/2026. The filing states Vanguard has sole dispositive power over 4,878,941 shares and sole voting power over 21,448 shares.

The filing notes these holdings reflect securities held for Vanguard funds and affiliated advisory accounts. The Schedule 13G was signed on 04/28/2026 by Ashley Grim, Head of Global Fund Administration.

Insights

Institutional Ownership Analyst

Vanguard holds a material passive stake in Popular Inc at 7.5%

Vanguard Portfolio Management reports 4,878,941 shares and states sole dispositive power for that entire amount, while recording limited sole voting power of 21,448 shares. The Schedule 13G classification indicates passive investment intent under the filing rules.

Institutional ownership at 7.5% can matter for liquidity and shareholder voting dynamics; subsequent filings could show changes in voting power or shifts to active status requiring a different schedule.

Corporate Governance Specialist

Filing clarifies that holdings are on behalf of Vanguard funds and affiliated advisory accounts

The statement describes dispositive authority exercised across Vanguard-managed funds and affiliated advisory divisions, consistent with aggregated reporting practices under SEC guidance. The filing also affirms no single outside person holds more than 5% of the position reported.

Watch for future amendments if voting arrangements or percent ownership cross regulatory thresholds or if the reporting status changes from passive to active.

Key Figures

Shares beneficially owned: 4,878,941 shares Percent of class: 7.5% Sole voting power: 21,448 shares +2 more

5 metrics

Shares beneficially owned 4,878,941 shares as of 03/31/2026

Percent of class 7.5% percent of outstanding common stock as reported

Sole voting power 21,448 shares number of shares with sole voting power

Sole dispositive power 4,878,941 shares shares over which Vanguard has sole dispositive power

Filing date / signature 04/28/2026 Schedule 13G signed date

Key Terms

Schedule 13G, beneficially owned, dispositive power, Investment Company Act

4 terms

Schedule 13G regulatory

"Name of form: Schedule 13G, beneficial ownership report"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Amount beneficially owned: 4878941"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 4878941"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Investment Company Act regulatory

"investment company registered under the Investment Company Act of 1940"

The Investment Company Act is a law that sets rules for businesses whose main activity is managing and selling pooled money, such as mutual funds and other investment funds. It matters to investors because it requires clear reporting, limits managers from putting their own interests ahead of clients, and mandates safekeeping and oversight of assets—similar to safety inspections and traffic rules that help keep shared vehicles reliable and trustworthy.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Popular Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

733174700

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 733174700

1

Names of Reporting Persons

Vanguard Portfolio Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 21,448.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 4,878,941.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

4,878,941.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.50 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC, or business divisions of such subsidiaries whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Popular Inc
(b)	Address of issuer's principal executive offices: PO Box 362708, San Juan, PR, 00936
Item 2.
(a)	Name of person filing: Vanguard Portfolio Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 733174700
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 4878941
(b)	Percent of class: 7.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 21448
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 4878941
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Portfolio Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vanguard Portfolio Management

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	04/28/2026

FAQ

What stake does Vanguard hold in Popular Inc (BPOP)?

Vanguard Portfolio Management reports beneficial ownership of 4,878,941 shares, equal to 7.5% of Popular Inc's common stock as of 03/31/2026. This reflects holdings across Vanguard funds and managed accounts.

Does Vanguard have voting control over the shares of BPOP?

Vanguard reports sole voting power for 21,448 shares and sole dispositive power for 4,878,941 shares as of 03/31/2026. Shared voting or dispositive power is reported as zero.

Was the Schedule 13G for BPOP filed as passive or active ownership?

The document is a Schedule 13G, indicating passive reporting under the applicable SEC rules. The filing text states holdings reflect Vanguard funds and affiliates, consistent with passive investment reporting.

On whose behalf does Vanguard report these Popular Inc shares?

The filing states the shares are held on behalf of Vanguard Portfolio Management LLC and affiliates, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, covering Vanguard funds and managed client accounts.

When was the ownership position in BPOP certified?

The Schedule 13G lists the position as of 03/31/2026 and was signed by Ashley Grim on 04/28/2026, attesting to the reported beneficial ownership and powers.