Vanguard Capital Management filed a Schedule 13G with the SEC on October 30, 2026, disclosing beneficial ownership of 71,070,266 shares of Royal Bank of Canada common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Vanguard Capital Management reported 71,070,266 shares of Royal Bank of Canada common stock beneficially owned.
  • Percent of class: The reported holdings represent 5.12% of the class of securities.
  • Sole voting power: Vanguard Capital Management reported sole voting power over 28,040,297 shares.
  • Sole dispositive power: Sole power to dispose of or direct the disposition of all 71,070,266 shares was reported, with no shared dispositive power.
  • Reporting entity type: The filer is classified as an investment adviser (type "IA"), organized in Pennsylvania, with a principal business address of 100 Vanguard Blvd., Malvern, PA 19355.
  • Triggering date: The event requiring this filing occurred on September 30, 2026.

Vanguard Capital Management's Schedule 13G Filing on Royal Bank of Canada Common Stock

According to the filing, Vanguard Capital Management LLC, together with certain named affiliates, reported beneficial ownership of 71,070,266 shares of Royal Bank of Canada (CUSIP 780087102) common stock, representing 5.12% of the class. The filing states that this reflects holdings as of September 30, 2026, the date of the event requiring the statement. Royal Bank of Canada is identified as the issuer, with principal executive offices at Royal Bank Plaza, 200 Bay Street, Toronto, M5J 2J5.

The filing notes, in accordance with SEC Release No. 34-39538 (January 12, 1998), that the Schedule 13G reflects securities beneficially owned or deemed to be beneficially owned by Vanguard Capital Management LLC and the following affiliates or business divisions: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd. The filing adds that it "includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power."

The filing discloses that sole voting power covers 28,040,297 shares, while shared voting power is reported as zero. Sole dispositive power extends to the full 71,070,266 shares, and shared dispositive power is also zero. Regarding the right to receive dividends or sale proceeds, the filing states that Vanguard Capital Management, "including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein," and that "No one other person's interest in the securities reported herein is more than 5%." The statement was signed by My Trieu-Gatt, identified as Authorized Signatory, Head of Global Fund Administration, on October 30, 2026.

What Was Disclosed

Vanguard Capital Management filed a Schedule 13G reporting 71,070,266 shares of Royal Bank of Canada common stock, equal to 5.12% of the class, with sole dispositive power over all shares and sole voting power over 28,040,297 shares, as of September 30, 2026.