[SCHEDULE 13G/A] Interactive Brokers Group, Inc. SEC Filing
Rhea-AI Filing Summary
The Vanguard Group reports beneficial ownership of 50,758,486 shares of Interactive Brokers Group Inc, representing 11.40% of the common stock. Vanguard indicates it has no sole voting power and 2,422,392 shares of shared voting power, while retaining 47,231,170 shares of sole dispositive power and 3,527,316 shares of shared dispositive power. The filing states these holdings are held in the ordinary course of business and are not intended to change or influence control of the issuer. The report identifies Vanguard as an investment-adviser type filer and provides its principal business address.
Positive
- Material disclosed stake: Vanguard beneficially owns 50,758,486 shares (11.40%), a clear signal of substantial institutional ownership.
- Passive intent declared: Filing certifies holdings are in the ordinary course of business and not held to change or influence control, indicating no immediate activist intent.
- Clear voting/dispositive breakdown: Report provides specific counts for shared voting power (2,422,392) and sole dispositive power (47,231,170), aiding transparency.
Negative
- None.
Insights
TL;DR: Vanguard holds a material passive stake (11.4%) with limited voting influence.
Vanguard's reported 11.40% position is economically significant and exceeds the 5% disclosure threshold, but the declaration of passive intent and zero sole voting power suggest this is a routine asset-management holding rather than an activist stake. The large sole dispositive power indicates control over trading decisions for client accounts, while shared voting power is modest relative to the position size. For investors, the entry confirms a major institutional owner but does not signal governance intervention.
TL;DR: A sizable institutional stake is disclosed, yet the filing affirms no intent to influence company control.
From a governance perspective, an 11.4% ownership by a single institutional manager warrants attention because it can affect shareholder composition and liquidity. However, the Schedule 13G classification and explicit certification that the stake is held in the ordinary course reduce the likelihood of imminent activist engagement. The modest shared voting power relative to total shares suggests limited direct voting influence unless coordinated with other holders.