Vanguard (NRDS) reports 4.26M-share, 12.14% holding after realignment
Rhea-AI Filing Summary
NerdWallet Inc reports that The Vanguard Group beneficially owns 12.14% of common stock, equal to 4,261,860 shares. The filing states Vanguard has shared voting power for 364,045 shares and shared dispositive power for 4,261,860 shares.
The filing notes an internal realignment at The Vanguard Group on January 12, 2026, after which certain subsidiaries expect to report beneficial ownership separately. The form is signed and dated March 5, 2026.
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Insights
Vanguard holds a sizeable passive stake via shared dispositive authority.
Vanguard is reported as beneficial owner of 4,261,860 shares, representing 12.14% of common stock. The filing breaks out shared voting power of 364,045 shares and shared dispositive power of 4,261,860.
The filing discloses an internal realignment on January 12, 2026, and states certain subsidiaries may report ownership on a disaggregated basis going forward; timing and which subsidiaries will report are not detailed in the excerpt.
This amendment clarifies control attributes after Vanguard's structural change.
The form emphasizes that portfolio management and proxy voting shifted within Vanguard, and that related subsidiaries pursue the same strategies previously used. The filing attributes voting and dispositive roles to shared authorities rather than sole control.
Subsequent filings by Vanguard subsidiaries may show different beneficial-ownership splits; stakeholders tracking ownership concentration should watch those filings for updated percentages.