Vanguard Portfolio Management Amends Schedule 13G for Terreno Realty (TRNO) 10.15% Stake

Rhea-AI Filing Summary

Terreno Realty Corp disclosure: Vanguard Portfolio Management filed an Amendment No. 1 to a Schedule 13G, reporting 10,790,756 shares of Common Stock, representing 10.15% of the class as of 06/30/2026. The filing shows sole voting power for 44,479 shares and sole dispositive power for 10,790,756 shares. The filing states these holdings reflect securities managed by Vanguard Portfolio Management LLC and certain Vanguard affiliates and funds. The form is signed on 07/07/2026.

Insights

Portfolio Governance Analyst

Vanguard holds a meaningful passive stake in Terreno at 10.15%.

Vanguard Portfolio Management reports beneficial ownership of 10,790,756 shares (10.15%) as of 06/30/2026. The filing attributes voting and dispositive authority across Vanguard entities, with 44,479 shares under sole voting power and the remainder under dispositive control.

Because this is a Schedule 13G/A, the position is reported as passive; subsequent filings would disclose any change in intent or ownership structure.

Regulatory Compliance Specialist

Amendment clarifies aggregated holdings and entity attributions within Vanguard.

The amendment notes holdings include securities held by Vanguard funds and sleeves over which Vanguard Portfolio Management LLC exercises dispositive power, and lists affiliates such as Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. This attribution follows SEC Release No. 34-39538 guidance referenced in the filing.

Stakeholders should watch future SEC filings for any change in voting intent or Schedule 13D triggers.

Key Figures

Shares beneficially owned: 10,790,756 shares Percent of class: 10.15% Sole voting power: 44,479 shares +3 more

6 metrics

Shares beneficially owned 10,790,756 shares reported as of <date>06/30/2026</date>

Percent of class <percent>10.15%</percent> percentage of common stock as stated in the filing

Sole voting power 44,479 shares number of shares with sole voting power

Sole dispositive power 10,790,756 shares number of shares with sole power to dispose

CUSIP 88146M101 Terreno Realty Corp common stock CUSIP listed on cover

Filing signature date 07/07/2026 date form signed by Vanguard representative

Key Terms

Schedule 13G/A, beneficially owned, dispositive power, SEC Release No. 34-39538

4 terms

Schedule 13G/A regulatory

"Amendment No. 1 to a Schedule 13G is referenced on the cover"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

beneficially owned financial

"This reflects the 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: 10790756"

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.

SEC Release No. 34-39538 regulatory

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

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Available on EDGAR 07/07/2026 - 02:14 PM Accepted by SEC EDGAR 07/07/2026 - 02:14 PM Learn about SEC filing dates

FAQ

What stake does Vanguard report in Terreno Realty (TRNO)?

Vanguard Portfolio Management reports 10,790,756 shares, equal to 10.15% of Terreno's common stock as of 06/30/2026. The filing attributes dispositive power to Vanguard and certain Vanguard affiliates and funds.

Does Vanguard have voting control over TRNO shares it reports?

The filing shows sole voting power for 44,479 shares and sole dispositive power for 10,790,756 shares. Shared voting or dispositive powers are reported as 0 in the excerpt.

Is Vanguard's filing for TRNO active or passive ownership?

This is a Schedule 13G/A amendment, which indicates the position is reported as passive under the filing type. The amendment clarifies aggregated holdings and affiliate attributions under SEC guidance.

What date should I associate with Vanguard's TRNO ownership?

The filing reports ownership figures "as of" 06/30/2026, and the amendment is signed on 07/07/2026. Those dates anchor the reported share count and percentage.

Which Vanguard entities are named in the TRNO filing?

The amendment cites Vanguard Portfolio Management LLC, Vanguard Fiduciary Trust Company, and Vanguard Global Advisers, LLC as affiliates through which dispositive and/or voting power is exercised over the reported securities.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Terreno Realty Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

88146M101

(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): 88146M101

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 44,479.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 10,790,756.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

10,790,756.00

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)

10.15 %

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: Terreno Realty Corp
(b)	Address of issuer's principal executive offices: 10500 NE 8th Street, Suite 1910, Bellevue, WA, 98004
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 No.: 88146M101
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: 10790756
(b)	Percent of class: 10.15 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 44479
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 10790756
	(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:	Head of Global Fund Administration
Date:	07/07/2026