Venture Global, Inc. ownership disclosure: Pacific Investment Management Company LLC (PIMCO) reports beneficial ownership of 251,315,622 shares of Class A Common Stock, representing 48.9% of the Class A shares.
PIMCO states it has sole voting power and sole dispositive power over the reported 251,315,622 shares. The percentage is based on 513,964,123 Class A shares outstanding as of March 30, 2026, per the issuer's proxy statement. The filing lists several PIMCO-managed funds holding material portions of the reported position, including LVS III LP (51,060,065 shares) and OC II LVS I LP (68,454,524 shares).
Positive
None.
Negative
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Insights
PIMCO reports a near-majority Class A stake in Venture Global.
PIMCO discloses beneficial ownership of 251,315,622 shares, equal to 48.9% of Class A common stock as of March 30, 2026. The filing attributes sole voting and sole dispositive power to PIMCO over those shares.
Key dependencies include the issuer's share counts reported on the proxy statement and the allocation of holdings among PIMCO-managed funds. Subsequent filings could show voting alignments or changes in holdings.
Disclosure clarifies legal attribution and client-held positions.
The Schedule 13G/A explains that the securities are held in advisory accounts and that PIMCO may be deemed beneficial owner under Rule 13d-3 while disclaiming ownership beyond its pecuniary interest. It lists funds holding significant portions (e.g., LVS III LP: 51,060,065 shares).
Material actions tied to this ownership (voting arrangements or change-of-control steps) are not stated; any such developments would appear in later filings.
Key Figures
Beneficial ownership:251,315,622 sharesPercent of Class A:48.9%Class A outstanding:513,964,123 shares+3 more
6 metrics
Beneficial ownership251,315,622 sharesAmount beneficially owned reported by PIMCO
Percent of Class A48.9%Based on 513,964,123 Class A shares outstanding as of March 30, 2026
Class A outstanding513,964,123 sharesShares outstanding as reported on issuer's proxy statement as of March 30, 2026
Sole voting power251,315,622 sharesShares for which PIMCO claims sole voting power
LVS III LP holding51,060,065 sharesAmount held by a PIMCO-managed fund named in the filing
OC II LVS I LP holding68,454,524 sharesAmount held by a PIMCO-managed fund named in the filing
Key Terms
beneficially owned, sole dispositive power, Schedule 13G/A, proxy statement
4 terms
beneficially ownedregulatory
"The information requested herein is incorporated by reference to the cover page to this . The securities reported in this are held by investment advisory clients"
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 dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 251,315,622"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G/Aregulatory
"Item 2. | (a) | Name of person filing: Pacific Investment Management Company LLC ("PIMCO")"
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.
proxy statementregulatory
"Based on 513,964,123 shares of Class A Common Stock outstanding as of March 30, 2026, as reported on the Issuer's proxy statement"
A proxy statement is a document companies send to shareholders ahead of a meeting that lays out the items up for a vote—like who will sit on the board, executive pay, and major corporate decisions—and provides background so shareholders can decide how to cast their votes or appoint someone to vote for them. Think of it as an agenda plus a ballot and briefing notes, important because the outcomes can change control, strategy, and value.
What stake does PIMCO report in Venture Global (VG)?
PIMCO reports beneficial ownership of 251,315,622 shares of Class A Common Stock, representing 48.9% of Class A shares based on 513,964,123 outstanding as of March 30, 2026. The filing is a Schedule 13G/A disclosure.
Does PIMCO control voting or disposition of the VG shares?
Yes. PIMCO states it has sole voting power and sole dispositive power over the reported 251,315,622 shares. This reflects delegation of discretion under investment management contracts per the filing.
Which PIMCO-managed funds hold significant VG positions?
The filing lists specific funds: LVS III LP holds 51,060,065 shares and OC II LVS I LP holds 68,454,524 shares. Other named funds include OC III LFE IV LP, PIMCO Global Cross-asset Opportunities Master Fund LDC, and TOCU X LLC.
On what share count is the 48.9% figure based?
The percentage is based on 513,964,123 Class A common shares outstanding as of March 30, 2026, per the issuer's proxy statement referenced in the filing.
Does the filing state PIMCO owns shares directly or on behalf of clients?
The filing states the securities are held by investment advisory clients or discretionary accounts for which PIMCO is investment adviser; PIMCO reports beneficial ownership under Rule 13d-3 while disclaiming ownership beyond pecuniary interest.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Venture Global, Inc.
(Name of Issuer)
Class A Common Stock, par value $0.01 per share
(Title of Class of Securities)
92333F101
(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):
92333F101
1
Names of Reporting Persons
Pacific Investment Management Company LLC
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
251,315,622.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
251,315,622.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
251,315,622.00
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)
48.9 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Venture Global, Inc.
(b)
Address of issuer's principal executive offices:
1001 19th Street North, Suite 1500, Arlington, VA 22209
Item 2.
(a)
Name of person filing:
Pacific Investment Management Company LLC ("PIMCO")
(b)
Address or principal business office or, if none, residence:
650 Newport Center Drive, Newport Beach, CA 92660
(c)
Citizenship:
Filer is organized in Delaware
(d)
Title of class of securities:
Class A Common Stock, par value $0.01 per share
(e)
CUSIP No.:
92333F101
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:
251,315,622
The information requested herein is incorporated by reference to the cover page to this Schedule 13G.
The securities reported in this Schedule 13G are held by investment advisory clients or discretionary accounts of which PIMCO is the investment adviser. When an investment management contract (including a sub-advisory agreement) delegates to PIMCO investment discretion or voting power over the securities held in the investment advisory accounts that are subject to that agreement, PIMCO considers the agreement to grant it sole investment discretion or voting authority, as the case may be, unless the agreement specifies otherwise. Accordingly, PIMCO reports on Schedule 13G that it has sole investment discretion and voting authority over the securities covered by any such investment management agreement and may be deemed to beneficially own the securities held by its clients or accounts within the meaning of Rule 13d-3 under the Securities Exchange Act of 1934.
In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reports the securities beneficially owned or deemed to be beneficially owned by PIMCO. It does not include securities, if any, beneficially owned by PIMCO's affiliates, whose ownership of securities is disaggregated from that of PIMCO in accordance with that release. PIMCO also disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein.
(b)
Percent of class:
48.9%
Based on 513,964,123 shares of Class A Common Stock outstanding as of March 30, 2026, as reported on the Issuer's proxy statement on Schedule 14A filed with the Securities and Exchange Commission on April 8, 2026 (the "Proxy Statement"). The shares of Class A Common Stock held by investment advisory clients or discretionary accounts of which PIMCO is the investment adviser represent 1.2% of total combined voting power, based on 1,968,604,458 shares of Class B Common Stock outstanding as of March 30, 2026, as reported on the Proxy Statement. The Issuer's Class A Common Stock has one vote per share, and the Issuer's Class B Common Stock has ten votes per share.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
251,315,622
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
251,315,622
(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.
LVS III LP, OC II LVS I LP, OC III LFE IV LP, PIMCO Global Cross-asset Opportunities Master Fund LDC, and TOCU X LLC, private funds of which PIMCO is the investment adviser, each hold the securities reported herein for the benefit of their respective investors, in their respective investment advisory accounts managed by PIMCO, and each such fund has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities that it holds. LVS III LP has an interest in 51,060,065 of the shares reported herein, representing approximately 9.9% of the class. OC II LVS I LP has an interest in 68,454,524 of the shares reported herein, representing approximately 13.3% of the class. OC III LFE IV LP has an interest in 29,025,050 of the shares reported herein, representing approximately 5.7% of the class. PIMCO Global Cross-asset Opportunities Master Fund LDC has an interest in 37,941,277 of the shares reported herein, representing approximately 7.4% of the class. TOCU X LLC has an interest in 52,420,714 of the shares reported herein, representing approximately 10.2% of the class.
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:
Not Applicable
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.
