Vanguard files 13G: Range Resources (NYSE: RRC) 5.25% stake disclosed
Rhea-AI Filing Summary
Range Resources Corp reported a Schedule 13G filing showing 12,376,358 shares beneficially owned by Vanguard Capital Management, representing 5.25% of the class. The filing states Vanguard has sole dispositive power over 12,376,358 shares and sole voting power over 1,783,379 shares.
The filing notes these shares include holdings across Vanguard funds and managed accounts and that Vanguard exercises dispositive power on their behalf; ownership is reported on behalf of multiple Vanguard affiliates.
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Insights
Vanguard holds a reported 5.25% passive stake in Range Resources.
The Schedule 13G shows 12,376,358 shares reported as beneficially owned with sole dispositive power. Schedule 13G filings are typically passive ownership disclosures under SEC rules and often indicate index or fund-related positions rather than activist intent.
Vanguard's filing explicitly credits multiple affiliates and managed funds as the source of voting/dispositive rights. Subsequent filings could show changes in voting intention or ownership type if Vanguard's posture shifts; timing not specified in the excerpt.
The submission follows SEC Schedule 13G conventions and discloses agency relationships.
The statement references SEC Release No. 34-39538 and lists affiliated entities that exercise dispositive power for various client accounts. Item 6 clarifies that no single outside person holds more than 5% of the reported securities.
For governance impact, a passive 5.25% holding is material for disclosure but does not by itself signal activist engagement; any change to a Schedule 13D or material voting statements would be the next regulatory milestone.