Vanguard holds 2.68M Deluxe shares (NYSE: DLX), 5.85% stake disclosed

Rhea-AI Filing Summary

Vanguard Portfolio Management reported beneficial ownership of 2,677,348 shares of Deluxe Corp common stock, representing 5.85% of the class as of 03/31/2026. The filing states Vanguard Portfolio Management LLC and affiliates exercise dispositive power over these shares, including holdings for Vanguard funds and managed accounts.

Insights

Institutional Ownership Analyst

Large passive stake disclosed by Vanguard; holdings reflect fund and client accounts.

Vanguard Portfolio Management reports beneficial ownership of 2,677,348 shares (5.85%) of Deluxe Corp with sole dispositive power and partial voting power disclosed in Item 4. The filing attributes control to Vanguard Portfolio Management LLC and affiliated divisions.

Ownership is reported as held for funds and managed accounts under the Investment Company Act framework; the filing notes no single outside person holds more than 5%. Subsequent disclosures or proxy materials could show changes in voting intentions or fund-level positions.

Key Figures

Reporting date: 03/31/2026 Shares beneficially owned: 2,677,348 shares Percent of class: 5.85% +3 more

6 metrics

Reporting date 03/31/2026 Schedule 13G reporting period

Shares beneficially owned 2,677,348 shares Amount reported in Item 4

Percent of class 5.85% Percent of Deluxe common stock reported

Sole voting power 136,745 shares Sole power to vote listed in Item 4

Sole dispositive power 2,677,348 shares Sole power to dispose listed in Item 4

CUSIP 248019101 CUSIP for Deluxe Corp common stock

Key Terms

beneficially owned, sole dispositive power, Investment Company Act, Schedule 13G

4 terms

beneficially owned regulatory

"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.

sole dispositive power regulatory

"Sole power to dispose or to direct the disposition of: 2677348"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Investment Company Act regulatory

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

The Investment Company Act is a law that sets rules for businesses whose main activity is managing and selling pooled money, such as mutual funds and other investment funds. It matters to investors because it requires clear reporting, limits managers from putting their own interests ahead of clients, and mandates safekeeping and oversight of assets—similar to safety inspections and traffic rules that help keep shared vehicles reliable and trustworthy.

Schedule 13G regulatory

"form_type: SCHEDULE 13G"

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.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Deluxe Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

248019101

(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): 248019101

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 136,745.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,677,348.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,677,348.00

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)

5.85 %

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.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Deluxe Corp
(b)	Address of issuer's principal executive offices: 801 S Marquette Ave, Minneapolis, MN, 55402
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): 248019101
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: 2677348
(b)	Percent of class: 5.85 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 136745
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2677348
	(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:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	04/29/2026

FAQ

What stake does Vanguard hold in Deluxe Corp (DLX)?

Vanguard Portfolio Management holds 2,677,348 shares, equal to 5.85% of Deluxe Corp's common stock as reported. The position is reported with dispositive power exercised by Vanguard Portfolio Management LLC and affiliated investment divisions.

As of what date is Vanguard's ownership reported?

The Schedule 13G position is reported as of 03/31/2026. The signature date on the filing is 04/29/2026, consistent with routine disclosure timing for institutional holdings under Section 13G rules.

Does Vanguard have voting power over the shares?

Yes. The filing lists 136,745 shares as sole voting power and 0 shared voting power, while dispositive power is listed as 2,677,348 shares sole dispositive power, indicating control over sale decisions.

Are these shares held by Vanguard funds or clients?

The filing states the holdings include securities held by Vanguard funds and managed client accounts over which Vanguard Portfolio Management LLC or affiliates exercise dispositive power. It also notes other Vanguard affiliates may hold separate positions not included here.

Does anyone else hold more than 5% of Deluxe according to this filing?

No. The filing states no one other person's interest in the reported securities exceeds 5%. The reported 5.85% stake is for Vanguard Portfolio Management as an institutional filer representing multiple accounts.