Vanguard Reports 8.38M YETI Shares, Passive 10.31% Holding

Rhea-AI Filing Summary

The Vanguard Group filed Amendment No. 5 to a Schedule 13G reporting passive ownership of 8,381,676 shares of YETI Holdings Inc, representing 10.31% of the outstanding common stock. The filing shows Vanguard has no sole voting power, 498,777 shared voting power, 7,779,765 sole dispositive power and 601,911 shared dispositive power, indicating control over disposition of most shares but voting influence is largely shared. Vanguard states the securities are held in the ordinary course of business and not for the purpose of changing control.

Positive

• Material institutional ownership: Vanguard holds 8,381,676 shares, equal to 10.31% of YETI, indicating strong institutional interest.
• Disposition control concentrated: Vanguard reports 7,779,765 shares of sole dispositive power, allowing it to manage holdings efficiently.
• Passive intent certified: Filing states shares are held in the ordinary course of business and not to change control, reducing immediate activist risk.

Negative

• None.

Insights

Financial Analyst

TL;DR: Vanguard holds a material, passive 10.31% stake in YETI, with disposition authority concentrated but voting largely shared.

The filing documents a sizeable institutional position of 8.38 million shares (10.31%). For investors, this signals meaningful institutional ownership without an intention to change control, as Vanguard certifies passive purpose under Rule 13d-1(b). The split between sole disposition power (7.78M) and limited sole voting power (0) suggests Vanguard or its managed accounts can sell shares independently while voting decisions may be coordinated or exercised with other holders. This is consistent with index and fund management activity rather than an activist stake.

Corporate Governance Expert

TL;DR: A >10% passive position creates monitoring importance but does not indicate a governance change effort.

From a governance perspective, a 10.31% passive ownership warrants monitoring because Vanguard is a large steward with potential influence in proxy matters despite limited sole voting power. The certification that holdings are not intended to influence control reduces immediate takeover or activist concerns. However, shared voting power of ~498,777 shares means Vanguard may participate in coordinated votes with other investors, so board and management should note this sizable, engaged institutional holder.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

YETI Holdings Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

98585X104

(CUSIP Number)

08/29/2025

(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. 98585X104

1

Names of Reporting Persons

The Vanguard Group

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 0.00
6	Shared Voting Power 498,777.00
7	Sole Dispositive Power 7,779,765.00
8	Shared Dispositive Power 601,911.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,381,676.00

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)

10.31 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: YETI Holdings Inc
(b)	Address of issuer's principal executive offices: 7601 Southwest Parkway, Austin, TX, 78735
Item 2.
(a)	Name of person filing: The Vanguard Group
(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.: 98585X104
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: 8381676
(b)	Percent of class: 10.31 %
(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: 498777
	(iii) Sole power to dispose or to direct the disposition of: 7779765
	(iv) Shared power to dispose or to direct the disposition of: 601911
Item 5.	Ownership of 5 Percent or Less of a Class.
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. The Vanguard Group, Inc.'s clients, 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.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	09/08/2025

FAQ

How many YETI (YETI) shares does Vanguard report owning?

The Vanguard Group reports owning 8,381,676 shares of YETI, representing 10.31% of the class.

What voting and disposition powers does Vanguard have over YETI shares?

Vanguard reports 0 sole voting power, 498,777 shared voting power, 7,779,765 sole dispositive power, and 601,911 shared dispositive power.

Does Vanguard intend to influence control of YETI?

No. Vanguard certifies the securities are held in the ordinary course of business and were not acquired to change or influence control.

When was this Schedule 13G/A filing signed?

The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 09/08/2025.

What rule classification is used for this Schedule 13G?

The filing is made in accordance with the applicable Schedule 13G provisions; the header shows it is an Amendment No. 5 to the Schedule 13G.