Vanguard's drop below 5% removes a large passive holder from the 5% filer list, which may reduce the stock's perceived institutional support. Monitor for further selling by other large index funds in upcoming 13F filings, especially given the post-earnings growth deceleration.
Price Chart
Executive Summary
Vanguard Capital Management filed an amended Schedule 13G disclosing a 4.82% passive stake in Pinterest as of September 30, 2026, down from a prior 5%+ position. The reduction below the 5% threshold signals a partial exit by a major index-oriented manager, occurring just after Pinterest reported a Q3 earnings miss and decelerating growth.
Key Financial Metrics
Key Facts
- Vanguard Capital Management reported beneficial ownership of 23,766,999 shares of Pinterest common stock as of September 30, 2026.
- The stake represents 4.82% of shares outstanding, down from a prior 5%+ position.
- Filing is an amendment to Schedule 13G, confirming passive investment intent under Rule 13d-1(b).
- Filing comes one day after Pinterest reported Q3 2026 revenue of $1.174B (up 12% YoY) but GAAP net income down 77% YoY and Q4 guidance below consensus.
Financial Impact
Stake reduction from above 5% to 4.82%; no dollar value of the reduction stated in the filing.
Risk Factors
- Vanguard's reduction may signal index rebalancing or a passive shift away from Pinterest following weaker growth metrics.
- The filing does not disclose the exact number of shares sold or the timing of the reduction.
- Earnings miss and decelerating revenue growth could prompt additional institutional trimming.
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) | 0002100119-26-001648 |
| Document: 0002100119-26-001648-index.html | 0002100119-26-001648 |
| Document: 0002100119-26-001648.txt | 0002100119-26-001648 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 1d ago | 3 | $20.64 | awaiting T+5 | awaiting T+5 | $19.36 (−6.20%) |
Oct 30, 2026 1d ago | SC 13G/A | $18.33 | awaiting T+5 | awaiting T+5 | $19.36 (−5.65%) |
Oct 29, 2026 2d ago | 144 | $17.50 | awaiting T+5 | awaiting T+5 | $19.36 (+10.63%) |
Oct 29, 2026 2d ago | 8-K | $17.72 | awaiting T+5 | awaiting T+5 | $19.36 (−9.26%) |
Oct 27, 2026 4d ago | 144 | $20.92 | awaiting T+5 | awaiting T+5 | $19.36 (−7.46%) |
Oct 27, 2026 4d ago | SC 13G/A | $20.92 | awaiting T+5 | awaiting T+5 | $19.36 (−7.46%) |
Oct 23, 2026 8d ago | Institutional Cluster | $22.32 $19.36 | ▼ −13.26% | ▼ −12.70% | $19.36 (−13.26%) |
Oct 21, 2026 10d ago | Insider Cluster | $22.93 $19.92 | ▼ −13.13% | ▼ −13.83% | $19.36 (−15.57%) |
Oct 21, 2026 10d ago | Insider Cluster | $22.93 $19.92 | ▲ +13.13% | ▲ +13.83% | $19.36 (+15.57%) |
Oct 20, 2026 11d ago | 144 | $22.95 $20.58 | ▼ −10.33% | ▼ −9.88% | $19.36 (−15.64%) |
US Market Status
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