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Vanguard disaggregates holdings; Burlington (BURL) shows 0 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Burlington Stores IncThe Vanguard Group files a Schedule 13G/A amendment reporting zero shares beneficially owned and 0% of the class. The filing explains an internal realignment on January 12, 2026 and states, "in accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions will report beneficial ownership separately.

The amendment is signed by Ashley Grim as Head of Global Fund Administration on March 26, 2026, and states that The Vanguard Group no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by those subsidiaries or divisions.

Positive

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Negative

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Insights

Vanguard disaggregated ownership after internal realignment; reports 0 shares for Burlington.

The filing documents an internal reorganization effective January 12, 2026 and relies on SEC Release No. 34-39538 (January 12, 1998) to report subsidiary holdings separately. The Schedule 13G/A lists Amount beneficially owned: 0 and Percent of class: 0%.

Practical dependence: subsequent filings from the named subsidiaries may show any holdings previously aggregated under The Vanguard Group. Cash-flow treatment and specific subsidiary holdings are not disclosed in this excerpt.

Realignment changes reporting lines; ownership appears disaggregated rather than transferred.

The amendment states subsidiaries or business divisions will report beneficial ownership separately and that The Vanguard Group no longer is deemed to have beneficial ownership over those securities, per the cited SEC release. This is a reporting change, not a claim of sale or acquisition.

Investors should note that ownership previously shown under The Vanguard Group may now appear under separate filer names; the excerpt does not list those subsidiary filings or share counts.






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




Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.


SCHEDULE 13G



The Vanguard Group
Signature:Ashley Grim
Name/Title:Head of Global Fund Administration
Date:03/26/2026
Burlington Stores Inc

NYSE:BURL

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BURL Stock Data

20.07B
62.52M
Apparel Retail
Retail-department Stores
Link
United States
BURLINGTON