PIMCO reports 32.4% Venture Global (VG) Class A stake with 0.9% voting power

Rhea-AI Filing Summary

Pacific Investment Management Company LLC (PIMCO) reports beneficial ownership of 172,261,658 shares of Venture Global, Inc. Class A Common Stock. This represents 32.4% of the Class A shares outstanding, based on 531,488,393 Class A shares outstanding as of July 31, 2026. PIMCO, a Delaware-organized investment adviser, has sole voting and dispositive power over all 172,261,658 reported shares, which are held in investment advisory or discretionary accounts for its clients.

The ownership corresponds to about 0.9% of total combined voting power, given the presence of Class B shares with ten votes per share and 1,968,604,458 Class B shares outstanding. The reported holdings are spread across several PIMCO-advised private funds, including LVS III LP, OC II LVS I LP, OC III LFE IV LP, and TOCU X LLC, each with more than 5% of the Class A class. PIMCO states that it may be deemed a beneficial owner under Rule 13d-3 but disclaims beneficial ownership except to the extent of its pecuniary interest.

Key Figures

Beneficially owned Class A shares: 172,261,658 shares Percent of Class A owned: 32.4% Class A shares outstanding: 531,488,393 shares +5 more

8 metrics

Beneficially owned Class A shares 172,261,658 shares Class A Common Stock of Venture Global, Inc. reported by PIMCO

Percent of Class A owned 32.4% Portion of Venture Global Class A based on 531,488,393 shares outstanding as of July 31, 2026

Class A shares outstanding 531,488,393 shares Venture Global Class A shares outstanding as of July 31, 2026

Class B shares outstanding 1,968,604,458 shares Venture Global Class B shares outstanding as of July 31, 2026

PIMCO combined voting power 0.9% Voting power including Class A and ten-vote-per-share Class B stock

LVS III LP interest 35,860,534 shares (6.8% of class) Portion of Venture Global Class A held in a PIMCO-advised fund

OC II LVS I LP interest 48,077,239 shares (9.1% of class) Portion of Venture Global Class A held in a PIMCO-advised fund

TOCU X LLC interest 50,557,200 shares (9.5% of class) Portion of Venture Global Class A held in a PIMCO-advised fund

Key Terms

beneficially own, sole voting power, sole dispositive power, pecuniary interest, +1 more

5 terms

beneficially own regulatory

"may be deemed to beneficially own the securities held by its clients"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole voting power regulatory

"Sole Voting Power 172,261,658.00"

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.

sole dispositive power regulatory

"Sole Dispositive Power 172,261,658.00"

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.

pecuniary interest financial

"PIMCO also disclaims beneficial ownership of these securities except to the extent of its pecuniary interest"

investment adviser financial

"private funds of which PIMCO is the investment adviser, each hold the securities reported herein"

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

FAQ

How many Venture Global (VG) Class A shares does PIMCO report owning?

PIMCO reports beneficial ownership of 172,261,658 Venture Global Class A shares. These shares are held in client investment advisory or discretionary accounts over which PIMCO has sole voting and dispositive power under various investment management agreements.

What percentage of Venture Global (VG) Class A stock does PIMCO hold?

PIMCO’s reported holdings represent 32.4% of Venture Global’s Class A Common Stock. This percentage is based on 531,488,393 Class A shares outstanding as of July 31, 2026, as disclosed in Venture Global’s quarterly report for the period ended June 30, 2026.

What is PIMCO’s voting power in Venture Global (VG) including Class B shares?

PIMCO’s Class A holdings represent about 0.9% of total combined voting power at Venture Global. This reflects the capital structure where Class A has one vote per share and Class B has ten votes per share, with 1,968,604,458 Class B shares outstanding.

Which PIMCO-advised funds each own more than 5% of Venture Global (VG) Class A?

Four PIMCO-advised private funds each exceed 5% of the Class A class: LVS III LP with 35,860,534 shares (6.8%), OC II LVS I LP with 48,077,239 (9.1%), OC III LFE IV LP with 29,025,050 (5.5%), and TOCU X LLC with 50,557,200 (9.5%).

How does PIMCO characterize its beneficial ownership of Venture Global (VG) shares?

PIMCO states it may be deemed to beneficially own the reported shares under Rule 13d-3 because it has investment discretion and voting authority. It also disclaims beneficial ownership of these securities except to the extent of its pecuniary interest in the client accounts.

Does PIMCO share voting or dispositive power over Venture Global (VG) shares?

PIMCO reports sole voting power and sole dispositive power over all 172,261,658 Venture Global Class A shares. It reports zero shared voting power and zero shared dispositive power, reflecting its authority under the underlying investment management agreements.

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Available on EDGAR 08/14/2026 - 04:33 PM Accepted by SEC EDGAR 08/14/2026 - 04:30 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Venture Global, Inc.

(Name of Issuer)

Class A Common Stock, par value $0.01 per share

(Title of Class of Securities)

92333F101

(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): 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 172,261,658.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 172,261,658.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

172,261,658.00

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)

32.4 %

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: 172,261,658 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: 32.4% Based on 531,488,393 shares of Class A Common Stock outstanding as of July 31, 2026, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed with the Securities and Exchange Commission on August 11, 2026 (the "Form 10-Q"). The shares of Class A Common Stock held by investment advisory clients or discretionary accounts of which PIMCO is the investment adviser represent 0.9% of total combined voting power, based on 1,968,604,458 shares of Class B Common Stock outstanding as of July 31, 2026, as reported on the Form 10-Q. 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: 172,261,658
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 172,261,658
	(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, 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 35,860,534 of the shares reported herein, representing approximately 6.8% of the class. OC II LVS I LP has an interest in 48,077,239 of the shares reported herein, representing approximately 9.1% of the class. OC III LFE IV LP has an interest in 29,025,050 of the shares reported herein, representing approximately 5.5% of the class. TOCU X LLC has an interest in 50,557,200 of the shares reported herein, representing approximately 9.5% 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.

Pacific Investment Management Company LLC

Signature:	/s/ Alyssa Creighton
Name/Title:	Alyssa Creighton, Senior Vice President
Date:	08/14/2026