Vanguard Capital Management Acquires 5.02% Passive Stake in Reddit Inc (RDDT)

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 5.02% stake in Reddit Inc (RDDT). As of the event date on March 31, 2026, the investment adviser beneficially owns 7,014,092 shares of Common Stock. This position represents a significant increase from a previous holding of zero shares. Vanguard reported sole dispositive power over all 7,014,092 shares, while maintaining sole voting power over 1,116,848 shares. The filing includes holdings by various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The securities were acquired in the ordinary course of business, indicating a passive investment strategy rather than an intent to influence or change control of the issuer. This filing highlights Vanguard's emergence as a major institutional shareholder in Reddit Inc, crossing the 5% threshold required for public disclosure under Rule 13d-1(b).