Vanguard Portfolio Management (SVC) discloses 33M-share position in Service Properties Trust

Rhea-AI Filing Summary

Vanguard Portfolio Management LLC, together with specified affiliates, reports beneficial ownership of common stock of Service Properties Trust. Vanguard reports beneficial ownership of 33,042,351 shares of common stock, representing 5.1% of the outstanding class as of June 30, 2026.

Vanguard has sole voting power over 244,000 shares and sole dispositive power over all 33,042,351 shares, with no shared voting or dispositive power. The reported holdings include securities held by Vanguard funds and certain managed accounts over which Vanguard or its identified affiliates exercise voting and/or dispositive power. No other individual person has an interest in more than 5% of the securities reported.

Key Figures

Beneficially owned shares: 33,042,351 shares Percent of class: 5.1% Sole voting power: 244,000 shares +3 more

6 metrics

Beneficially owned shares 33,042,351 shares Amount beneficially owned by Vanguard Portfolio Management LLC as of June 30, 2026

Percent of class 5.1% Percentage of Service Properties Trust common stock class reported as beneficially owned

Sole voting power 244,000 shares Shares of Service Properties Trust over which Vanguard has sole power to vote

Shared voting power 0 shares Shares over which Vanguard has shared power to vote

Sole dispositive power 33,042,351 shares Shares over which Vanguard has sole power to dispose or direct disposition

Shared dispositive power 0 shares Shares over which Vanguard has shared power to dispose or direct disposition

Key Terms

beneficially owned, sole voting power, dispositive power, Investment Company Act of 1940

4 terms

beneficially owned financial

"this reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC"

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.

sole voting power financial

"Sole Voting Power 244,000.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

dispositive power financial

"Sole Dispositive Power 33,042,351.00"

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.

Investment Company Act of 1940 regulatory

"investment companies registered under the Investment Company Act of 1940 and other managed accounts"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

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

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FAQ

How many SVC shares does Vanguard Portfolio Management report owning?

Vanguard Portfolio Management reports 33,042,351 shares of Service Properties Trust common stock. This stake represents Vanguard’s total reported beneficial ownership, including shares held by certain Vanguard funds and managed accounts over which it or its affiliates exercise dispositive power.

What percentage of Service Properties Trust (SVC) does Vanguard own?

Vanguard Portfolio Management reports beneficial ownership of 5.1% of Service Properties Trust’s common stock. This percentage reflects the class ownership associated with 33,042,351 shares as of June 30, 2026, as disclosed in the Schedule 13G filing.

How much voting power does Vanguard have in SVC?

Vanguard Portfolio Management has sole voting power over 244,000 shares of Service Properties Trust and no shared voting power. It has sole dispositive power over 33,042,351 shares, meaning it can determine how those shares are disposed of.

Does Vanguard share dispositive power over SVC shares with anyone?

Vanguard Portfolio Management reports sole dispositive power over 33,042,351 shares of Service Properties Trust and no shared dispositive power. The holdings include securities in Vanguard funds and managed accounts where Vanguard or specified affiliates control disposition.

Do any other investors hold more than 5% through Vanguard’s SVC position?

No. The filing states that no one other person’s interest in the Service Properties Trust securities reported is more than 5%. Interests are spread across Vanguard investment companies and other managed accounts.

Which entities are included in Vanguard’s SVC beneficial ownership report?

The report covers securities beneficially owned by Vanguard Portfolio Management LLC and affiliates including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, plus certain Vanguard funds and managed accounts over which they exercise voting or dispositive power.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Service Properties Trust

(Name of Issuer)

Common Stock

(Title of Class of Securities)

81761L102

(CUSIP Number)

06/30/2026

(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): 81761L102

1

Names of Reporting Persons

Vanguard Portfolio 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 244,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 33,042,351.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

33,042,351.00

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)

5.10 %

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 Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio 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 Portfolio 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: Service Properties Trust
(b)	Address of issuer's principal executive offices: 2 Newton Place, 255 Washington Street, Newton, MA, 02458
Item 2.
(a)	Name of person filing: Vanguard Portfolio 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): 81761L102
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: 33042351
(b)	Percent of class: 5.1 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 244000
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 33042351
	(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 Portfolio 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 Portfolio Management

Signature:	My Trieu-Gatt
Name/Title:	Authorized Signatory, Head of Global Fund Administration
Date:	07/31/2026