Vanguard Capital Management Acquires 5.13% Passive Stake in Sally Beauty Holdings Inc

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 5.13% stake in Sally Beauty Holdings Inc (SBH). As of the event date on March 31, 2026, the investment adviser beneficially owns 4,981,417 shares of common stock. This position represents a significant increase from a previously reported 0.0% ownership level. According to the filing, Vanguard Capital Management exercises sole dispositive power over all 4,981,417 shares, while holding sole voting power over 719,046 shares. The filing includes securities held by various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. This passive investment threshold crossing highlights Vanguard's growing interest in the Denton, Texas-based beauty supplies distributor.