Vanguard Portfolio Management LLC filed an amended beneficial ownership statement on October 30, 2026, disclosing a 4.98% stake in PG&E Corp common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Vanguard Portfolio Management reported 109,839,713 shares of PG&E Corp common stock beneficially owned.
  • Percent of class: The reported position represents 4.98% of PG&E Corp's outstanding common stock (CUSIP 69331C108).
  • Sole voting power: Vanguard Portfolio Management holds sole voting power over 264,227 shares, with zero shared voting power reported.
  • Sole dispositive power: The filing attributes sole dispositive power over all 109,839,713 shares to the reporting entity, with no shared dispositive power.
  • Event date: The triggering event date stated in the filing is September 30, 2026.
  • Affiliated entities included: The filing states it reflects holdings of Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, as affiliates or business divisions of Vanguard Portfolio Management LLC.

Vanguard's Reported Stake in PG&E Corp as of September 30, 2026

According to the filing, Vanguard Portfolio Management LLC, organized in Pennsylvania and headquartered at 100 Vanguard Blvd., Malvern, PA 19355, submitted this amendment to disclose its beneficial ownership of PG&E Corp common stock. PG&E Corp, the issuer, is a California-based energy holding company with its principal executive offices at 300 Lakeside Drive, Oakland, CA 94612, and its common stock is listed on NYSE:PCG. The filing is classified as an investment adviser disclosure, with Vanguard Portfolio Management identified as type "IA" under the applicable SEC reporting categories.

The filing states that the 109,839,713 aggregate shares beneficially owned 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 affiliates or business divisions exercise dispositive and/or voting power. The filing further notes that no single other person's interest in the reported securities exceeds 5% of the class.

Item 5 of the filing confirms that this position represents ownership of 5 percent or less of the class. The document was signed by My Trieu-Gatt, identified as Authorized Signatory and Head of Global Fund Administration, on October 30, 2026. The certification included states that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

What Was Disclosed

Vanguard Portfolio Management LLC disclosed beneficial ownership of 109,839,713 shares of PG&E Corp common stock, equal to 4.98% of the class, as of September 30, 2026, with sole dispositive power over all reported shares and sole voting power over 264,227 shares.