Vanguard Portfolio Management (COHR) reports 9.48M shares, 5.05% stake
Rhea-AI Filing Summary
Vanguard Portfolio Management reported beneficial ownership of 9,483,002 shares of Coherent Corp Common Stock, representing 5.05% of the class. The filing shows sole voting power of 23,401 shares and sole dispositive power over 9,483,002 shares. The disclosure is dated 03/31/2026 and signed on 04/29/2026.
Positive
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Insights
Vanguard holds a >5% stake in Coherent, flagged as beneficial ownership.
The filing documents that Vanguard Portfolio Management exercises dispositive power over 9,483,002 shares (5.05%), while retaining limited sole voting power of 23,401 shares. This pattern commonly reflects portfolio-management control rather than direct board influence.
Cash‑flow treatment and trading intent are not stated; subsequent filings would show any position changes or block sales.
Schedule 13G reflects passive/beneficial ownership disclosure duties.
The filing cites SEC Release No. 34-39538 and identifies affiliated Vanguard entities that exercise dispositive power for funds and managed accounts. The statement clarifies that ownership counts include Vanguard-managed funds and accounts.
Beneficial owners and voting allocations are disclosed; any changes must be reported per applicable SEC timing rules.