Vanguard reports 6.61M shares (5.29%) of Redwood Trust

Redwood Trust Inc reports a Schedule 13G showing Vanguard Capital Management beneficially owns 6,613,624 shares of Common Stock.

Rhea-AI Filing Summary

Redwood Trust Inc reports a Schedule 13G showing Vanguard Capital Management beneficially owns 6,613,624 shares of Common Stock. The filing states this equals 5.29% of the class and reports 906,334 shares as sole voting power and 6,613,624 as sole dispositive power as of 03/31/2026. The filing is signed on 04/30/2026.

Insights

Institutional Ownership Analyst

Vanguard Capital Management reports a 5.29% stake in RWT via Schedule 13G.

The filing lists 6,613,624 shares beneficially owned with sole dispositive power and 906,334 shares of sole voting power as of 03/31/2026. Schedule 13G filings typically signal passive institutional holdings rather than activist intent.

Ownership concentration near 5% can affect voting blocs; subsequent filings or amendments may update position size or voting power.

Compliance & Proxy Specialist

The filing follows SEC Schedule 13G disclosure conventions and attributes holdings to Vanguard affiliates.

The statement includes the SEC Release citation and notes that holdings include securities held for Vanguard funds and managed accounts. It clarifies the reporting unit's dispositive authority over these securities.

Watch for any future Schedule 13D or amendments if Vanguard changes intent or ownership crosses new thresholds.

Key Figures

Beneficial ownership: 6,613,624 shares Percent of class: 5.29% Sole voting power: 906,334 shares +1 more

4 metrics

Beneficial ownership 6,613,624 shares beneficially owned as of 03/31/2026

Percent of class 5.29% percentage of common stock as reported

Sole voting power 906,334 shares shares with sole power to vote

Sole dispositive power 6,613,624 shares shares with sole power to dispose

Key Terms

Schedule 13G, beneficially owned, dispositive power, CUSIP

4 terms

Schedule 13G regulatory

"Schedule 13G showing beneficial ownership of more than 5%"

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

"securities beneficially owned, or deemed to be beneficially owned"

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.

dispositive power regulatory

"sole power to dispose or to direct the disposition of: 6613624"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

CUSIP technical

"CUSIP Number(s): 758075402"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

FAQ

What stake does Vanguard Capital Management report in RWT?

Vanguard reports beneficial ownership of 6,613,624 shares of RWT, representing 5.29% of the class. The filing lists 906,334 shares with sole voting power and dispositive power over the full 6,613,624 shares as of 03/31/2026.

What is a Schedule 13G filing for RWT (Redwood Trust Inc)?

A Schedule 13G is a passive investor disclosure: Vanguard reports a passive beneficial ownership position of 5.29%. The filing is used by institutions that own >5% but state passive intent rather than activist intentions in their holdings.

Who holds voting and dispositive power for Vanguard's RWT shares?

The filing states Vanguard has 906,334 shares with sole voting power and 6,613,624 shares with sole dispositive power. Affiliates and managed accounts are included in the dispositive-power figure, per the filing language.

What date is Vanguard's ownership of RWT reported as of?

The ownership figures are reported as of 03/31/2026 in the filing, and the Schedule 13G is signed on 04/30/2026. Those dates anchor the reported share counts and percentages in the submission.

Does the Schedule 13G indicate Vanguard will act as an activist investor in RWT?

No. The Schedule 13G format and the filing language indicate a passive reporting status for Vanguard rather than an active or activist intent. The filing lists holdings and powers but does not state any activist objectives.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/30/2026 - 01:07 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Redwood Trust Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

758075402

(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

CUSIP Number(s): 758075402

1

Names of Reporting Persons

Vanguard Capital Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 906,334.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 6,613,624.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

6,613,624.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.29 %

12

Type of Reporting Person (See Instructions)

IA

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 Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital 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 Capital 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

Item 1.
(a)	Name of issuer: Redwood Trust Inc
(b)	Address of issuer's principal executive offices: One Belvedere Place, Suite 300, Mill Valley, CA, 94941
Item 2.
(a)	Name of person filing: Vanguard Capital Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 758075402
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 6613624
(b)	Percent of class: 5.29 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 906334
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 6613624
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Capital Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vanguard Capital Management

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	04/30/2026