Institutional Holder Brandes Owns 12.23M UWMC Shares (~6.1%)

Rhea-AI Filing Summary

UWM Holdings Corp. Schedule 13G filed by Brandes Investment Partners, L.P. reports beneficial ownership of 12,228,813 shares of the issuer's Class A common stock, representing a material passive stake. The filing shows no sole voting or dispositive power and instead discloses shared voting and shared dispositive power over all 12,228,813 shares, and classifies the reporting person as an investment adviser/partner (IA, PN).

The filing includes a certification that the shares were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer. The reported stake (listed as 6.05% in Item 4 and shown as 6.1% elsewhere on the form) exceeds the 5% threshold that generally requires disclosure, making this a materially reportable institutional holding without an asserted intent to seek control.

Positive

• Material institutional stake: Brandes reports ownership of 12,228,813 shares, a significant holding above the 5% disclosure threshold.
• Clear passive intent: The filing includes a certification that shares are held in the ordinary course of business and not to change control.

Negative

• None.

Insights

Financial Analyst

TL;DR: Brandes holds a material ~6% stake in UWMC, reported as passive with shared voting and dispositive power.

The 12,228,813-share position is material relative to typical public float thresholds because it exceeds 5%, triggering Schedule 13G disclosure requirements. The filing explicitly states no sole voting or dispositive authority, indicating Brandes is reporting as a passive institutional investor rather than an activist or control-seeking owner. For investors, the entry of a sizable, passive asset manager can increase perceived institutional interest without immediately changing governance dynamics. Monitor future filings for any change in voting or disposition statements.

Corporate Governance Expert

TL;DR: Reporting shows shared control but a certified passive intent; governance impact appears limited absent further action.

Item-level disclosures show shared voting and shared dispositive power for the full position and a certification that holdings are in the ordinary course of business and not for changing control. That combination typically signals limited near-term governance activism. However, any future amendments that convert this declaration to a Schedule 13D or that assert sole control would materially change the governance outlook. At present, this filing is a material ownership disclosure with neutral governance implications.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

UWM Holdings Corp

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

91823B109

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 91823B109

1

Names of Reporting Persons

BRANDES INVESTMENT PARTNERS, LP

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 12,228,813.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

12,228,813.00

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)

6.1 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: UWM Holdings Corp
(b)	Address of issuer's principal executive offices: 585 SOUTH BLVD E, PONTIAC, MICHIGAN, 48341.
Item 2.
(a)	Name of person filing: Brandes Investment Partners, L.P.
(b)	Address or principal business office or, if none, residence: 4275 Executive Square, 5th Floor, La Jolla, CA 92037
(c)	Citizenship: Delaware
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: 91823B109
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: 12,228,813
(b)	Percent of class: 6.05 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 12,228,813
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 12,228,813
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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.

BRANDES INVESTMENT PARTNERS, LP

Signature:	/s/ Glenn Carlson
Name/Title:	Executive Director
Date:	08/11/2025

FAQ

Who filed the Schedule 13G for UWMC?

Brandes Investment Partners, L.P. filed the Schedule 13G reporting its position in UWMC Class A common stock.

How many UWMC shares does Brandes report owning?

12,228,813 shares are reported as beneficially owned by Brandes in this filing.

What percentage of UWMC does Brandes' holding represent?

The filing lists the position as 6.05% in Item 4 and shows 6.1% elsewhere on the form.

Does Brandes have sole voting or dispositive power over these UWMC shares?

No. The filing discloses 0 shares with sole voting power and sole dispositive power, and 12,228,813 shares with shared voting and shared dispositive power.

Is Brandes seeking to influence control of UWMC according to the filing?

The filing includes a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.