CWI Reports 20.05M Carlyle Group Shares; Sole Voting Power Disclosed

Rhea-AI Filing Summary

Capital World Investors (CWI) is reported as the beneficial owner of 20,054,252 shares of The Carlyle Group, equal to 5.6% of about 361,135,881 shares outstanding. CWI discloses sole voting power over 19,958,480 shares and sole dispositive power over 20,054,252 shares, with no shared voting or dispositive power. The filing states these securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. This Schedule 13G is a passive institutional ownership disclosure required once ownership exceeds 5%.

Positive

• Deemed beneficial ownership of 20,054,252 shares (5.6%)
• Sole voting power of 19,958,480 shares and sole dispositive power of 20,054,252 shares
• Filer certifies shares are held in the ordinary course and not to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: CWI reports a material 5.6% institutional stake with significant sole voting and dispositive power.

CWI's Schedule 13G shows a noteworthy passive position in Carlyle Group representing 5.6% of shares outstanding. The breakdown between sole voting power (19,958,480) and sole dispositive power (20,054,252) clarifies the firm's control over voting and disposition of the position. The filer certifies the holdings are in the ordinary course of business and not intended to change control, consistent with a Section 13G passive disclosure rather than an active Section 13D strategic stake.

Corporate Governance Expert

TL;DR: A significant institutional holding disclosed as passive; no group or control intent identified.

The filing identifies CWI as an investment adviser filing under Schedule 13G and explicitly states no group affiliation or intent to influence control. The absence of shared powers and the certification language reduce immediate governance concerns, though a >5% holder is material for shareholder composition and governance monitoring.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

The Carlyle Group Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

14316J108

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 14316J108

1

Names of Reporting Persons

Capital World Investors

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 19,958,480.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,054,252.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,054,252.00

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)

5.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: The Carlyle Group Inc.
(b)	Address of issuer's principal executive offices: 1001 Pennsylvania Ave NW, Washington, DC 20004
Item 2.
(a)	Name of person filing: Capital World Investors
(b)	Address or principal business office or, if none, residence: 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071
(c)	Citizenship: N/A
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 14316J108
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: 20,054,252 ** **Capital World Investors ("CWI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 20,054,252 shares or 5.6% of the 361,135,881 shares believed to be outstanding.
(b)	Percent of class: 5.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 19,958,480
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 20,054,252
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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.

Capital World Investors

Signature:	Timothy J. Moon
Name/Title:	Vice President and Senior Counsel, Capital Research and Management Company
Date:	08/04/2025

FAQ

How many Carlyle Group (CG) shares does Capital World Investors own?

Capital World Investors reports beneficial ownership of 20,054,252 shares, or 5.6% of approximately 361,135,881 shares outstanding.

What voting and dispositive powers does Capital World Investors hold over CG shares?

Sole voting power: 19,958,480 shares; Sole dispositive power: 20,054,252 shares; No shared voting or dispositive power reported.

When is the event date and when was the Schedule 13G signed?

The event date triggering this filing is 06/30/2025; the Schedule 13G was signed on 08/04/2025.

Does the filing indicate Capital World Investors intends to influence control of Carlyle Group?

No. The filing certifies the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control.

What type of filer is Capital World Investors on this Schedule 13G?

Capital World Investors is identified as an investment adviser (Type: IA) filing on behalf of its investment management entities.

Is there any group affiliation or subsidiary noted in the filing?

No. Items identifying groups, subsidiaries, or parent holding companies are marked Not Applicable; no group members are reported.