Vanguard Capital holds 7.51% of Estee Lauder (EL) common stock

Rhea-AI Filing Summary

Vanguard Capital Management reports beneficial ownership of 18,590,065 shares of Estee Lauder Company common stock, representing 7.51% as of 03/31/2026. The filing states Vanguard has sole dispositive power over 18,590,065 shares and sole voting power for 2,517,326 shares. The report notes holdings reflect securities held for Vanguard funds and managed accounts and identifies Vanguard affiliates that exercise dispositive or voting power.

Insights

Institutional Ownership Analyst

Vanguard holds a significant passive stake in Estee Lauder (7.51%).

Vanguard Capital Management reports beneficial ownership of 18,590,065 shares with sole dispositive power, indicating control over trading decisions for these shares. The filing is a standard Schedule 13G disclosure for an institutional investor.

Because the filing lists multiple Vanguard affiliates, subsequent filings could show allocation changes by fund or account; timing of any trading activity is not stated in this excerpt.

Governance & Voting Specialist

Sole voting power is smaller than dispositive power, signaling delegated voting across accounts.

The report shows sole voting power of 2,517,326 shares versus dispositive power over 18,590,065 shares as of 03/31/2026, which is common when an asset manager controls disposition but delegates voting across funds or retains voting for certain accounts.

Any proxy-voting influence or coordinated voting with other holders would require separate disclosures; this filing documents ownership and power, not voting intentions.

Key Figures

Beneficial ownership: 18,590,065 shares Percent of class: 7.51% Sole dispositive power: 18,590,065 shares +1 more

4 metrics

Beneficial ownership 18,590,065 shares Ownership reported as of <date>03/31/2026</date>

Percent of class 7.51% Percent of class reported in filing

Sole dispositive power 18,590,065 shares Vanguard Capital Management sole dispositive power reported

Sole voting power 2,517,326 shares Sole power to vote or to direct the vote reported

Key Terms

Schedule 13G, Beneficial ownership, Dispositive power, Sole voting power

4 terms

Schedule 13G regulatory

"Name of form: SCHEDULE 13G report of beneficial ownership"

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.

Beneficial ownership financial

"Amount beneficially owned: 18590065 (b) | Percent of class: 7.51 %"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Dispositive power financial

"Sole Dispositive Power 18,590,065.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Sole voting power financial

"Sole Voting Power 2,517,326.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/29/2026 - 06:46 PM Learn about SEC filing dates

FAQ

What stake does Vanguard Capital Management report in Estee Lauder (EL)?

Vanguard reports beneficial ownership of 18,590,065 shares, equal to 7.51% of the class as of 03/31/2026. The filing lists dispositive and voting power allocations across Vanguard entities and managed accounts.

How much voting power does Vanguard have in Estee Lauder?

Vanguard reports sole voting power over 2,517,326 shares of Estee Lauder common stock. The filing differentiates voting power from dispositive power across its affiliated funds and accounts.

Does this Schedule 13G indicate Vanguard will sell or buy EL shares?

No. The Schedule 13G discloses beneficial ownership and voting/dispositive power only. It does not state any intention to buy or sell shares or describe planned trading activity in Estee Lauder.

Which Vanguard affiliates are named in the filing?

The filing references Vanguard Capital Management LLC and affiliates including Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd.

Who signed the Schedule 13G for Vanguard Capital Management?

The filing is signed by Ashley Grim, listed as Head of Global Fund Administration, with the signature date of 04/29/2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Estee Lauder Cos Inc/The

(Name of Issuer)

Common Stock

(Title of Class of Securities)

518439104

(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): 518439104

1

Names of Reporting Persons

Vanguard Capital 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 2,517,326.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 18,590,065.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

18,590,065.00

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)

7.51 %

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 Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital 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 Capital 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: Estee Lauder Cos Inc/The
(b)	Address of issuer's principal executive offices: 767 5th Avenue, New York, NY, 10153
Item 2.
(a)	Name of person filing: Vanguard Capital 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): 518439104
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: 18590065
(b)	Percent of class: 7.51 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2517326
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 18590065
	(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 Capital 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 Capital Management

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	04/29/2026