Vanguard Capital Management Acquires 7.48% Stake in Otis Worldwide Corp

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G reporting a significant new ownership stake in Otis Worldwide Corp (OTIS). As of the event date on March 31, 2026, Vanguard beneficially owns 29,111,846 shares of common stock, representing a 7.48% ownership interest in the company. This filing indicates an increase from a previous 0.0% position, marking a substantial entry into the stock. According to the filing, Vanguard Capital Management exercises sole dispositive power over all 29,111,846 shares, while holding sole voting power over 3,855,841 shares. The reporting person notes that the securities were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The reported holdings include shares managed by various affiliates, such as Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. No other single person's interest in the reported securities exceeds 5% of the class.