Vanguard's stake remains passive and just under 5%, with no indication of activist intent. Monitor future 13G filings for any crossing above 5% or a switch to 13D, which would signal a change in strategy.
Price Chart
Executive Summary
Vanguard Portfolio Management LLC filed an amended Schedule 13G disclosing a passive 4.93% stake (5,599,861 shares) in Braze, Inc. as of September 30, 2026. This is a routine passive stake update with no change in investment intent; the stake remains just below the 5% threshold.
Key Financial Metrics
Key Facts
- Vanguard Portfolio Management LLC reported beneficial ownership of 5,599,861 shares of Braze Class A Common Stock as of September 30, 2026.
- The stake represents 4.93% of the outstanding shares, just below the 5% reporting threshold.
- The filing is an amendment to a prior Schedule 13G, indicating a passive investment intent under Rule 13d-1(b).
- No prior stake size was provided in this filing for comparison; the cross-filing context shows a prior 13G/A from Millennium Management (1.4% stake) and Fidelity filings (5%+ stake) but no prior Vanguard filing for comparison.
Financial Impact
Vanguard holds 5,599,861 shares, valued at approximately $260 million based on a $5.2B market cap and ~107.5M shares outstanding (implied).
Risk Factors
- No material risk identified; this is a routine passive stake update.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0002100121-26-001056 |
| Document: 0002100121-26-001056-index.html | 0002100121-26-001056 |
| Document: 0002100121-26-001056.txt | 0002100121-26-001056 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G/A | $45.79 | awaiting T+5 | awaiting T+5 | $45.75 (−0.09%) |
Oct 29, 2026 3d ago | 144 | $45.80 | awaiting T+5 | awaiting T+5 | $45.75 (−0.11%) |
Oct 21, 2026 11d ago | DEFA14A | $45.86 $45.80 | ▼ −0.13% | ▼ −0.84% | $45.75 (−0.24%) |
Oct 20, 2026 12d ago | DEFA14A | $45.68 $45.78 | ▲ +0.22% | ▲ +0.66% | $45.75 (+0.15%) |
Oct 20, 2026 12d ago | DEFA14A | $45.57 $45.78 | ▲ +0.46% | ▲ +0.38% | $45.75 (+0.39%) |
Oct 20, 2026 12d ago | 8-K | $45.57 $45.78 | ▲ +0.46% | ▲ +0.38% | $45.75 (+0.39%) |
Oct 16, 2026 16d ago | SC 13G/A | $30.04 $45.84 | ▲ +52.60% | ▲ +52.74% | $45.75 (+52.30%) |
Aug 28, 2026 9w ago | Insider Cluster | $34.04 $30.31 | ▲ +10.96% | ▲ +10.82% | $45.75 (−34.40%) |
Aug 26, 2026 9w ago | Insider Cluster | $34.09 $33.25 | ▼ −2.46% | ▼ −2.73% | $45.75 (+34.20%) |
Aug 21, 2026 10w ago | Insider Cluster | $31.44 $34.04 | ▲ +8.27% | ▲ +7.80% | $45.75 (+45.52%) |
US Market Status
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