Vanguard Capital Management filed an amended beneficial ownership statement with the SEC on October 30, 2026, reporting aggregate holdings of 8,704,949 shares of Brandywine Realty Trust common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Vanguard Capital Management reported 8,704,949 shares of Brandywine Realty Trust common stock, representing 4.98% of the class.
  • Sole dispositive power: Vanguard Capital Management holds sole power to dispose of all 8,704,949 shares reported.
  • Sole voting power: Vanguard Capital Management holds sole voting power over 1,326,757 shares, with zero shared voting power.
  • Event date: The triggering date of event requiring the filing was September 30, 2026.
  • Amendment: This filing is Amendment No. 1 to a previously filed statement.
  • Affiliated entities included: The filing covers securities held through Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd.

Vanguard Capital Management Reports Below-5% Position in Brandywine Realty

According to the filing, Vanguard Capital Management, organized in Pennsylvania and headquartered at 100 Vanguard Blvd, Malvern, PA, is classified as an investment adviser (type "IA") for purposes of this disclosure. The filing was signed by My Trieu-Gatt, identified as Authorized Signatory and Head of Global Fund Administration, on October 30, 2026. The statement was filed pursuant to Rule 13d-1(b) under the Securities Exchange Act of 1934.

Brandywine Realty Trust, the issuer, is a real estate investment trust whose principal executive offices are located at 555 East Lancaster Avenue, Suite 100, Radnor, PA 19087. The common stock covered by the filing carries CUSIP number 105368203 and is listed on the NYSE under the symbol BDN, as indicated on the filing's cover. The filing notes that Vanguard Capital Management's aggregate holdings of 8,704,949 shares constitute ownership of 5 percent or less of the class, consistent with the filing's Item 5 designation.

The filing states that, in accordance with SEC Release No. 34-39538 dated January 12, 1998, the reported position reflects securities "beneficially owned, or deemed to be beneficially owned" by Vanguard Capital Management LLC and specified affiliates or business divisions, including securities held by Vanguard funds over which Vanguard Capital Management LLC exercises dispositive power. The filing further discloses that investment companies registered under the Investment Company Act of 1940 and other managed accounts of Vanguard Capital Management have the right to receive dividends or proceeds from the sale of the reported securities, and that no single other person's interest exceeds 5% of the class.

What Was Disclosed

Vanguard Capital Management filed an amended ownership report covering 8,704,949 shares of Brandywine Realty Trust common stock, equal to 4.98% of the class, as of September 30, 2026, with sole dispositive power over all shares and sole voting power over 1,326,757 shares.