Flutter gains institutional lift as Vanguard files 13G for 17.3 m shares

Rhea-AI Filing Summary

The Vanguard Group filed a Schedule 13G disclosing a passive holding in Flutter Entertainment plc (CUSIP G3643J108) as of 30 Jun 2025.

• Beneficial ownership: 17,257,475 ordinary shares, equal to 9.76 % of the outstanding class.
• Voting rights: 0 sole voting power; shared voting over 134,829 shares.
• Dispositive rights: Sole authority over 16,810,042 shares and shared authority over 447,433 shares.

The filing was made under Rule 13d-1(b) with Vanguard classified as an investment adviser (IA) acting in the ordinary course for its clients, none of whom individually exceeds 5 % ownership.

Takeaway: A near-10 % passive stake strengthens Flutter’s institutional sponsorship and liquidity; however, Vanguard’s ability to dispose of a large, non-voting position could create a future supply overhang.

Positive

• Institutional confidence: Vanguard’s 17.3 m-share, 9.76 % position adds a high-profile passive owner, enhancing market visibility and trading liquidity.

Negative

• Potential overhang: Vanguard holds sole dispositive power over 16.8 m shares; any large sale could weigh on Flutter’s share price.

Insights

Buy-side Analyst

TL;DR: Vanguard’s 9.76 % passive stake improves liquidity but sale flexibility limits upside.

A 17.26 m-share position confirms heightened U.S. fund interest since Flutter’s NY listing. The stake represents roughly ten trading days of volume, providing liquidity and likely supporting index inclusion. Yet Vanguard can exit without filing a 13D, so any large sell-down may pressure the stock. Net impact: moderately positive but not transformational.

Corporate Governance Specialist

TL;DR: 13G status means no activist intent; governance influence minimal.

Filing on Schedule 13G—not 13D—signals Vanguard’s purely passive stance. With zero sole voting power and only 0.08 % shared voting, it cannot materially sway governance unless it reclassifies. Investors should not expect board or strategic agitation from this holding, but the sheer size could matter if Vanguard later shifts to an active posture.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Flutter Entertainment PLC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

G3643J108

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. G3643J108

1

Names of Reporting Persons

The Vanguard Group

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 0.00
6	Shared Voting Power 134,829.00
7	Sole Dispositive Power 16,810,042.00
8	Shared Dispositive Power 447,433.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,257,475.00

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)

9.76 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Flutter Entertainment PLC
(b)	Address of issuer's principal executive offices: 300 Park Avenue S, New York, NY, 10010
Item 2.
(a)	Name of person filing: The Vanguard Group
(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 No.: G3643J108
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: 17257475
(b)	Percent of class: 9.76 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 134829
	(iii) Sole power to dispose or to direct the disposition of: 16810042
	(iv) Shared power to dispose or to direct the disposition of: 447433
Item 5.	Ownership of 5 Percent or Less of a Class.
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. The Vanguard Group, Inc.'s clients, 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.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	07/29/2025

FAQ

How many Flutter Entertainment (FLUT) shares does Vanguard own?

Vanguard reports 17,257,475 shares, representing 9.76 % of the class as of 30 Jun 2025.

Is Vanguard an activist investor in FLUT?

No. The filing is on Schedule 13G, indicating a passive, non-activist investment stance.

Does Vanguard control voting at Flutter Entertainment?

Vanguard has 0 sole voting power and shared voting over just 134,829 shares, limiting governance influence.

Why is a 13G filing significant for FLUT shareholders?

Crossing the 5 % ownership threshold requires disclosure; a near-10 % passive stake can boost liquidity and index eligibility.

Could Vanguard’s stake trigger additional regulatory thresholds?

At 9.76 %, Vanguard approaches the U.K. 10 % disclosure level; surpassing it would require further reporting but no automatic control change.