BellRing Brands: Vanguard holds 5.11% stake

Vanguard Portfolio Management reports a 5.11% beneficial ownership stake in BellRing Brands with no change in its previously reported position.

Rhea-AI Filing Summary

BellRing Brands, Inc. (BRBR) has an updated Schedule 13G filing showing that Vanguard Portfolio Management reports beneficial ownership of 6,003,954 shares of BellRing Brands common stock, representing 5.11% of the class. Vanguard has sole voting power over 100,833 shares and sole dispositive power over 6,003,954 shares.

The filing states it is being submitted solely to correct the issuer CIK reported in a prior submission and that no change in beneficial ownership is being reported. The position includes securities held by various Vanguard-affiliated entities and managed accounts, with no other single person having more than 5% interest in the reported securities.

Key Figures

Beneficially owned shares: 6,003,954 shares Percent of class: 5.11% Sole voting power: 100,833 shares +2 more

5 metrics

Beneficially owned shares 6,003,954 shares BellRing Brands common stock reported as beneficially owned by Vanguard Portfolio Management

Percent of class 5.11% Portion of BellRing Brands common stock class beneficially owned by Vanguard Portfolio Management

Sole voting power 100,833 shares Shares of BellRing Brands over which Vanguard Portfolio Management has sole voting power

Sole dispositive power 6,003,954 shares Shares of BellRing Brands over which Vanguard Portfolio Management has sole power to dispose

Filing date September 3, 2026 Date the Schedule 13G correction was signed by the authorized signatory

Key Terms

beneficially owned, dispositive power, Schedule 13G, Investment Company Act of 1940, +1 more

5 terms

beneficially owned financial

"this reflects the securities beneficially owned, or deemed to be beneficially owned"

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 financial

"exercises dispositive power, in addition to securities held by clients"

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.

Schedule 13G regulatory

"This submission is being filed solely to correct the issuer CIK reported"

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.

Investment Company Act of 1940 regulatory

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

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

percent of class financial

"Percent of class: 5.11 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

FAQ

What percentage of BellRing Brands (BRBR) does Vanguard Portfolio Management report owning?

Vanguard Portfolio Management reports beneficial ownership of 5.11% of BellRing Brands, Inc. common stock. This percentage is based on 6,003,954 shares reported as beneficially owned in the Schedule 13G filing.

How many BRBR shares does Vanguard Portfolio Management beneficially own?

Vanguard Portfolio Management reports beneficial ownership of 6,003,954 shares of BellRing Brands, Inc. common stock. These shares are held across Vanguard funds and managed accounts over which Vanguard and certain affiliates exercise dispositive and/or voting power.

Does this Schedule 13G for BRBR reflect a change in Vanguard’s ownership?

No. The filing explicitly states that it is being submitted solely to correct the issuer CIK in a previously filed report and that no change in beneficial ownership is being reported.

What voting power does Vanguard have over its BellRing Brands (BRBR) shares?

Vanguard Portfolio Management reports sole voting power over 100,833 shares of BellRing Brands common stock and no shared voting power. It also reports sole dispositive power over 6,003,954 shares and no shared dispositive power.

Who has the right to dividends or sale proceeds on Vanguard’s BRBR holdings?

Vanguard Portfolio Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, has the right to receive or direct dividends and sale proceeds. No other single person’s interest exceeds 5% of the class reported.

Who filed the Schedule 13G amendment related to BellRing Brands (BRBR)?

The Schedule 13G was filed by Vanguard Portfolio Management and signed by My Trieu-Gatt, Authorized Signatory and Head of Global Fund Administration, on September 3, 2026.

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Available on EDGAR 09/03/2026 - 03:19 PM Accepted by SEC EDGAR 09/03/2026 - 03:18 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BellRing Brands, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

07831C103

(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): 07831C103

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 100,833.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,003,954.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,003,954.00

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)

5.11 %

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. This submission is being filed solely to correct the issuer CIK reported in a previously filed Schedule 13G. No change in beneficial ownership is being reported.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BellRing Brands, Inc.
(b)	Address of issuer's principal executive offices: 2503 S Hanley Rd, St Louis, MO, 63144
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): 07831C103
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: 6003954
(b)	Percent of class: 5.11 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 100833
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6003954
	(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:	My Trieu-Gatt
Name/Title:	Authorized Signatory, Head of Global Fund Administration
Date:	09/03/2026