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Vanguard Portfolio Management (NYSE: NOV) reports 18.93M shares, 5.25%

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

NOV Inc Schedule 13G: Vanguard Portfolio Management reports beneficial ownership of 18,929,098 shares of Common Stock, representing 5.25% of the class as of 03/31/2026. The filing states sole dispositive power over 18,929,098 shares and sole voting power over 177,026 shares.

Positive

  • None.

Negative

  • None.

Insights

Vanguard reports a 5.25% stake in NOV with dispositive control over 18.93M shares.

Vanguard Portfolio Management discloses beneficial ownership of 18,929,098 shares, giving it 5.25% of the outstanding common stock as of 03/31/2026. The filing attributes sole dispositive power to Vanguard for the full position and limited sole voting power over 177,026 shares.

Holding is reported on behalf of multiple Vanguard affiliates and funds; voting and disposition rights are described in aggregated form. Subsequent filings would show any changes to the stake or voting arrangements.

Schedule 13G disclosure follows passive/investment manager reporting conventions with affiliate aggregation.

The filing cites SEC Release No. 34-39538 and explains aggregation across Vanguard Portfolio Management LLC and specified affiliates, including fiduciary and advisory entities. This clarifies why multiple managed accounts and funds are reported together under a single ownership total.

Signature block shows the filing was signed on 04/29/2026. Any changes affecting the >5% threshold would trigger amended disclosure obligations under applicable rules.

Beneficial ownership 18,929,098 shares as of 03/31/2026
Percent of class 5.25% reported percent of total outstanding common stock
Sole voting power 177,026 shares shares with sole power to vote
Sole dispositive power 18,929,098 shares shares with sole power to dispose
Filing signature date 04/29/2026 signature provided by Ashley Grim
Schedule 13G regulatory
"Vanguard Portfolio Management reports beneficial ownership of 18,929,098"
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.
beneficially owned financial
"Amount beneficially owned: 18929098 (b) Percent of class: 5.25 %"
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: 18929098"
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.
SEC Release No. 34-39538 regulatory
"In accordance with SEC Release No. 34-39538 (January 12, 1998)"
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62955J103

(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




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



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

FAQ

How many NOV (NOV Inc) shares does Vanguard report owning?

Vanguard reports beneficial ownership of 18,929,098 shares of NOV common stock. This stake is reported as 5.25% of the class as of 03/31/2026, with dispositive control attributed to Vanguard Portfolio Management LLC and affiliates.

What voting and dispositive powers does Vanguard claim for NOV shares?

Vanguard reports sole voting power over 177,026 shares and sole dispositive power over 18,929,098 shares. Shared voting or dispositive powers are reported as 0 in this filing dated 03/31/2026.

Who filed the Schedule 13G for NOV and when was it signed?

The filing was made by Vanguard Portfolio Management and signed by Ashley Grim, Head of Global Fund Administration. The signature date on the filing is 04/29/2026, and the ownership is stated as of 03/31/2026.

Does the Schedule 13G indicate Vanguard controls shares on behalf of others?

Yes. The filing explains aggregation across Vanguard Portfolio Management LLC and affiliates, including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, indicating the position includes securities held for Vanguard funds and managed accounts.