Vanguard Capital Management Acquires 6.8% Stake in Public Storage (PSA)

Vanguard Capital Management LLC has filed a Schedule 13G with the SEC, reporting a new 6.8% ownership stake in Public Storage (PSA). As of the event date on March 31, 2026, Vanguard beneficially owns 11,940,040 shares of Common Stock. The filing indicates that Vanguard holds sole dispositive power over all 11,940,040 shares, while maintaining sole voting power over 1,673,943 shares. The reported position includes holdings managed by several Vanguard affiliates, including Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd. The acquisition is characterized as being held in the ordinary course of business, without the intent to influence or change the control of the issuer. This filing represents a significant increase from a previous ownership percentage of 0.0%, establishing Vanguard as a major institutional shareholder in the Glendale-based self-storage real estate investment trust.