Vanguard Capital Management (CPK) reports 5.21% ownership in Chesapeake Utilities Corp
Rhea-AI Filing Summary
Vanguard Capital Management filed a Schedule 13G reporting beneficial ownership of Chesapeake Utilities Corp common stock. The filing states Vanguard beneficially owns 1,249,864 shares, representing 5.21% of the class, with 189,069 shares held with sole voting power and 1,249,864 shares with sole dispositive power. The filing notes these holdings include shares held for Vanguard funds and managed accounts and is signed by Ashley Grim, Head of Global Fund Administration.
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Insights
Vanguard holds a >5% passive stake in Chesapeake Utilities, reported via Schedule 13G.
The filing indicates a 5.21% beneficial position of 1,249,864 shares, typical for large asset managers reporting under the passive investor Schedule 13G framework. Voting and dispositive power metrics are disclosed: 189,069 shares with sole voting power and 1,249,864 shares with sole dispositive power.
Holdings are described as including shares held by Vanguard funds and managed accounts; the filing attributes dispositive authority to Vanguard Capital Management LLC and affiliates. Subsequent filings or amendments would show changes in position.
Disclosure clarifies who holds voting and disposition authority within Vanguard's reporting unit.
The statement references SEC Release No. 34-39538 and lists affiliated business divisions that exercise voting/dispositive power over some holdings, which is standard for aggregated reporting by investment managers. The filing also affirms no single outside person holds >5% of these reported securities.
For Chesapeake Utilities, this filing notifies the market of a passive institutional holder crossing the 5% threshold; governance implications depend on any future changes to voting alignment or activist intent, not indicated here.