Vanguard reports 5.36% stake in Synchrony Financial (NYSE: SYF) in 13G

Rhea-AI Filing Summary

Synchrony Financial reports a 13G filing showing Vanguard Portfolio Management beneficially owns 5.36% of common stock, totaling 18,659,199 shares as reported.

The filing states Vanguard Portfolio Management has sole dispositive power over 18,659,199 shares and sole voting power over 154,482 shares. The disclosure attributes holdings to Vanguard Portfolio Management LLC and specified affiliates and was signed on 04/29/2026.

Insights

Institutional Ownership Analyst

Vanguard holds a passive, disclosed >5% stake in Synchrony Financial.

The Schedule 13G indicates passive beneficial ownership of 18,659,199 shares representing 5.36% of the class, with dispositive authority residing at Vanguard Portfolio Management LLC and named affiliates. This is a standard 13G disclosure for an investment manager reporting holdings.

Impact is informational: filings of this type document large institutional positions but do not by themselves signal imminent corporate action. Subsequent filings would show changes to intent or activist activity.

Securities Compliance Specialist

Disclosure aligns with SEC passive-investor reporting protocols.

The form lists CUSIP 87165B103, identifies sole voting and dispositive power counts, and cites SEC Release No. 34-39538 in attributing holdings among Vanguard affiliates. The signature block shows the filing date as 04/29/2026.

From a compliance view, the filing fulfills Schedule 13G requirements for institutional investors; any change in intent or active solicitation would require a different filing status.

Key Figures

Shares beneficially owned: 18,659,199 shares Percent of class: 5.36% Sole voting power: 154,482 shares +3 more

6 metrics

Shares beneficially owned 18,659,199 shares Schedule 13G beneficial ownership reported

Percent of class 5.36% Percent of common stock beneficially owned

Sole voting power 154,482 shares Sole power to vote or direct the vote

Sole dispositive power 18,659,199 shares Sole power to dispose or direct disposition

CUSIP 87165B103 Identifier for Synchrony common stock

Filing signature date 04/29/2026 Signature date on Schedule 13G

Key Terms

Schedule 13G, Beneficially owned, Dispositive power, Sole voting power

4 terms

Schedule 13G regulatory

"In accordance with SEC Release No. 34-39538 (January 12, 1998)"

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

"Amount beneficially owned: 18659199"

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: 18659199"

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.

Sole voting power regulatory

"Sole power to vote or to direct the vote: 154482"

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.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Synchrony Financial

(Name of Issuer)

Common Stock

(Title of Class of Securities)

87165B103

(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): 87165B103

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 154,482.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 18,659,199.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

18,659,199.00

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)

5.36 %

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: Synchrony Financial
(b)	Address of issuer's principal executive offices: 777 Long Ridge Road, Stamford, CT, 06902
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): 87165B103
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: 18659199
(b)	Percent of class: 5.36 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 154482
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 18659199
	(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:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	04/29/2026

FAQ

What stake does Vanguard Portfolio Management report in SYF?

Vanguard Portfolio Management reports owning 18,659,199 shares, representing 5.36% of Synchrony Financial's common stock, per the Schedule 13G filed and signed on 04/29/2026.

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

The filing states Vanguard has sole voting power for 154,482 shares and sole dispositive power for 18,659,199 shares, with no shared voting or dispositive powers reported.

Does the Schedule 13G indicate Vanguard is an activist investor in SYF?

No. The Schedule 13G reports passive beneficial ownership under SEC rules and cites affiliate arrangements; it does not indicate active solicitation or a change in investment intent in the provided excerpt.

Which Vanguard entities are named in the disclosure for SYF holdings?

The disclosure attributes holdings to Vanguard Portfolio Management LLC and affiliates including Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, per the explanatory paragraph in the filing.