Vanguard lists 2.28M shares of United Therapeutics (NASDAQ: UTHR)

Rhea-AI Filing Summary

Vanguard Capital Management reported beneficial ownership of 2,278,348 shares of United Therapeutics Corporation Common Stock, representing 5.19% of the class as of 03/31/2026. The filing shows Vanguard has sole voting power over 320,809 shares and sole dispositive power over 2,278,348 shares. The filing states these holdings include securities managed across Vanguard affiliates and funds.

Insights

Institutional Ownership Analyst

Large passive stake reported by Vanguard; routine disclosure under Schedule 13G.

The filing lists 2,278,348 shares and a 5.19% stake as of 03/31/2026. This indicates institutional aggregation across Vanguard business divisions and funds rather than an activist intent, consistent with passive investor reporting.

Watch subsequent filings for changes in percentage or voting power; material shifts would appear in amended Schedule 13G/13D filings.

Corporate Governance Advisor

Voting and dispositive splits clarify how Vanguard exercises influence.

The report shows sole voting power for 320,809 shares and sole dispositive power for 2,278,348 shares. That gap signals most holdings are managed for clients with dispositive authority concentrated in the reporting entity.

If voting activism were intended, expect increased sole voting counts or a Schedule 13D amendment; none is shown here.

Key Figures

Beneficial ownership: 2,278,348 shares Percent of class: 5.19% Sole voting power: 320,809 shares +3 more

6 metrics

Beneficial ownership 2,278,348 shares as of 03/31/2026

Percent of class 5.19% as of 03/31/2026

Sole voting power 320,809 shares reported in Item 4

Sole dispositive power 2,278,348 shares reported in Item 4

CUSIP 91307C102 United Therapeutics Common Stock

Signature date 04/30/2026 filing signed by Ashley Grim

Key Terms

Schedule 13G, Beneficially owned, Dispositive power, Investment Company Act

4 terms

Schedule 13G regulatory

"Item 1. | (a) | Name of issuer: United Therapeutics Corp"

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

"Item 4. | Ownership (a) | Amount beneficially owned: 2278348"

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

"Item 4. | (iii) Sole power to dispose or to direct the disposition of: 2278348"

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 regulatory

"Item 6. | investment company registered under the Investment Company Act of 1940"

The Investment Company Act is a law that sets rules for businesses whose main activity is managing and selling pooled money, such as mutual funds and other investment funds. It matters to investors because it requires clear reporting, limits managers from putting their own interests ahead of clients, and mandates safekeeping and oversight of assets—similar to safety inspections and traffic rules that help keep shared vehicles reliable and trustworthy.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/30/2026 - 02:37 PM Learn about SEC filing dates

FAQ

What stake does Vanguard Capital Management report in United Therapeutics (UTHR)?

Vanguard reports beneficial ownership of 2,278,348 shares, representing 5.19% of United Therapeutics common stock as of 03/31/2026. The filing aggregates holdings across Vanguard affiliates and managed funds under its dispositive authority.

How much voting power does Vanguard have over UTHR shares?

Vanguard reports sole voting power for 320,809 shares and shared voting power of 0 shares as disclosed in the Schedule 13G filed with the SEC.

Does Vanguard control dividends or sale proceeds for these UTHR shares?

The filing states Vanguard Capital Management and affiliated divisions have the right to receive or direct dividends and sale proceeds for the reported holdings, covering Vanguard funds and managed accounts included in the aggregation.

Is this Schedule 13G indicative of activist intent by Vanguard?

The Schedule 13G filing presents Vanguard as an institutional investor reporting a passive stake; it does not indicate activist intent. Any activist plans would typically appear via a Schedule 13D or an amended filing.

What is the reporting date and signature date on this filing?

The filing shows the ownership position as of 03/31/2026 and is signed by Ashley Grim, Head of Global Fund Administration, with a signature date of 04/30/2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

United Therapeutics Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

91307C102

(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): 91307C102

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 320,809.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,278,348.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,278,348.00

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)

5.19 %

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: United Therapeutics Corp
(b)	Address of issuer's principal executive offices: 1040 Spring Street, Silver Spring, MD, 20910
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): 91307C102
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: 2278348
(b)	Percent of class: 5.19 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 320809
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2278348
	(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