Vanguard Capital Management holds 10.85M DiamondRock shares (NYSE: DRH) — 5.3%
Rhea-AI Filing Summary
DiamondRock Hospitality Co disclosure shows Vanguard Capital Management beneficially owns 10,847,282 shares of Common Stock, representing 5.3% of the class. The filing states sole dispositive power over 10,847,282 shares and sole voting power for 1,679,750 shares. The filing notes this position reflects holdings across Vanguard Capital Management and specified affiliates, including securities held by Vanguard funds and managed accounts.
Positive
- None.
Negative
- None.
Insights
Vanguard holds a meaningful passive stake in DiamondRock at 5.3%.
Vanguard Capital Management reports beneficial ownership of 10,847,282 shares, with sole dispositive power over the full amount and sole voting power for 1,679,750 shares. The position is disclosed under Schedule 13G, which typically signals passive institutional ownership rather than activist intent.
Watch subsequent filings for any conversion to a Schedule 13D or changes in voting/dispositive power; such changes would alter the ownership characterization.
Voting influence is materially smaller than dispositive control.
The filing separates voting power (sole vote: 1,679,750) from dispositive power (10,847,282), implying Vanguard controls sales decisions broadly while voting authority resides partly elsewhere or is distributed across affiliates.
Subsequent proxy statements or amendments could clarify how voting power is allocated across affiliated entities; current disclosure ties the holdings to multiple Vanguard business divisions.
Key Figures
Key Terms
Schedule 13G regulatory
beneficially owned financial
dispositive power regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.