Vanguard Capital Management Acquires 5.11% Stake in Rayonier Inc

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 5.11% ownership stake in Rayonier Inc (RYN). As of the event date on March 31, 2026, Vanguard beneficially owns 15,455,437 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over all 15,455,437 shares, while maintaining sole voting power over 2,154,408 shares. This position includes holdings across various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The filing was made under Rule 13d-1(b), certifying that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. This represents a significant increase from a zero-percent previous ownership level, establishing Vanguard as a major institutional shareholder in the Jacksonville-based real estate investment trust focused on timberlands.