Vanguard Capital Management Establishes 5.11% Stake in Travel + Leisure Co (TNL)

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 5.11% stake in Travel + Leisure Co (TNL). As of the event date on March 31, 2026, Vanguard beneficially owns 3,189,461 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over the entire 3,189,461 shares, while maintaining sole voting power over 490,952 shares. This position was previously reported as 0.0%, marking a significant increase in ownership for the investment adviser. The shares were acquired in the ordinary course of business, and the filing clarifies that the acquisition was not intended to influence or change the control of the issuer. The reported holdings include securities managed by various Vanguard affiliates, such as Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. No other single person's interest in these securities exceeds 5% of the class.