Vanguard unit reports 10.03% stake in SL Green (NYSE: SLG)
Rhea-AI Filing Summary
Vanguard Portfolio Management LLC has filed a Schedule 13G reporting beneficial ownership of 7,124,624 shares of SL Green Realty Corp common stock, representing 10.03% of the class. This filing reflects a passive ownership position rather than an attempt to influence control.
Vanguard reports no sole voting or dispositive power. It has shared voting power over 28,117 shares and shared dispositive power over all 7,124,624 shares. The position includes securities held by Vanguard funds and certain managed accounts following an internal realignment at The Vanguard Group, Inc. on January 12, 2026.
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FAQ
How much of SL Green (SLG) does Vanguard Portfolio Management own?
Vanguard Portfolio Management reports beneficial ownership of 7,124,624 SL Green common shares, representing 10.03% of the outstanding class. This makes Vanguard a significant institutional shareholder, with the holdings spread across Vanguard funds and other managed accounts.
What voting power does Vanguard Portfolio Management have in SL Green (SLG)?
Vanguard Portfolio Management reports no sole voting power and shared voting power over 28,117 shares. This means voting decisions on a relatively small portion of the total position are shared, while most shares are held with dispositive power but without direct voting authority.
Is Vanguard’s SL Green (SLG) stake intended to influence control of the company?
No. Vanguard certifies the SL Green securities were acquired and are held in the ordinary course of business, not for the purpose or effect of changing or influencing control, and not in connection with any control-related transaction or proxy contest.
Why is Vanguard Portfolio Management filing separately from The Vanguard Group for SL Green (SLG)?
The Vanguard Group underwent an internal realignment on January 12, 2026. After this, portfolio management and proxy voting functions shifted to Vanguard Portfolio Management LLC, which now reports beneficial ownership on a disaggregated basis from The Vanguard Group under SEC guidance.
Who ultimately benefits from Vanguard’s SL Green (SLG) holdings?
Vanguard states that Vanguard Portfolio Management, registered investment companies, and other managed accounts have the right to receive dividends and sale proceeds. It also notes that no single other person has an interest in more than 5% of the class through these holdings.