Vanguard Portfolio Management LLC filed an amended beneficial ownership statement with the SEC on October 30, 2026, disclosing a 4.90% stake in General Mills Inc common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Vanguard Portfolio Management reported holding 26,212,018 shares of General Mills common stock (CUSIP 370334104).
  • Percent of class: The 26,212,018 shares represent 4.90% of the outstanding class of General Mills common stock.
  • Sole dispositive power: Vanguard Portfolio Management holds sole power to dispose of all 26,212,018 shares reported.
  • Sole voting power: Sole voting power covers only 64,162 shares, with no shared voting or dispositive power reported.
  • Triggering date: The event requiring this filing occurred on September 30, 2026.
  • Amendment: This statement is Amendment No. 1 to a prior filing.

Vanguard Portfolio Management's Reported Position in General Mills

According to the filing, Vanguard Portfolio Management LLC, organized in Pennsylvania and headquartered at 100 Vanguard Blvd, Malvern, PA 19355, reported beneficial ownership of 26,212,018 shares of common stock issued by General Mills Inc, the Minneapolis-based consumer packaged food company whose principal executive offices are located at Number 1 General Mills Blvd, Minneapolis, MN 55426. The filing identifies Vanguard Portfolio Management as an investment adviser, filing under Rule 13d-1(b).

The filing explains that the reported shares include securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, as well as securities held by clients over which two named affiliates exercise dispositive and/or voting power. Those affiliates, as identified in the filing, are Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC. The filing further states that it does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC whose ownership is disaggregated from that of the reporting business unit in accordance with SEC Release No. 34-39538 (January 12, 1998).

On the question of dividends and sale proceeds, the filing states that Vanguard Portfolio 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. The filing further states that no single other person's interest in the reported securities exceeds 5%. Item 5 of the filing confirms that the reported ownership constitutes 5% or less of the class. The statement was signed by My Trieu-Gatt, Authorized Signatory and Head of Global Fund Administration, on October 30, 2026.

What Was Disclosed

Vanguard Portfolio Management LLC disclosed an amended beneficial ownership position of 26,212,018 shares, or 4.90%, of General Mills Inc common stock as of September 30, 2026, with sole dispositive power over all reported shares and sole voting power over 64,162 shares.