Vanguard Capital Management reports 5.12% stake in Quanex (NX)
Rhea-AI Filing Summary
Vanguard Capital Management filed a Schedule 13G reporting beneficial ownership of 2,351,909 shares of Quanex Building Products Corp common stock. The filing states this equals 5.12% of the class and that Vanguard has sole dispositive power over the 2,351,909 shares, with sole voting power for 336,723 shares.
The filing lists Quanex's principal executive office address and the CUSIP 747619104. The disclosure describes holdings held across Vanguard funds and managed accounts and is signed by Ashley Grim on 04/30/2026.
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Insights
Vanguard reports a 5.12% passive stake in Quanex (2,351,909 shares).
The filing is a passive beneficial-ownership disclosure under Schedule 13G, listing sole dispositive power for 2,351,909 shares and sole voting power for 336,723 shares. It attributes holdings to Vanguard Capital Management and affiliated business divisions, including assets held in Vanguard funds and managed accounts.
Because Schedule 13G typically signals passive investment, subsequent Form 13D or changes in voting/dispositive power would be the filings to watch; timing of any such change is not provided in the excerpt.
Disclosure aligns with Release No. 34-39538 aggregation guidance for Vanguard entities.
The narrative mirrors the SEC aggregation approach, stating that certain subsidiaries and business divisions exercise dispositive or voting power over reported shares. The filing clarifies that other affiliates with disaggregated holdings are excluded per the referenced release.
Materiality is procedural: the filing documents current holdings and voting/dispositive allocations; any material change would require amendment per SEC rules.
Key Figures
Key Terms
beneficially owned regulatory
sole dispositive power regulatory
Schedule 13G regulatory
Investment Company Act regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.