Vanguard Capital Management Reports New 5.17% Passive Stake in HubSpot Inc

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 5.17% passive stake in HubSpot Inc (HUBS). As of the event date on March 31, 2026, the firm beneficially owns 2,728,314 shares of HubSpot's common stock. The filing indicates that Vanguard holds sole dispositive power over all 2,728,314 shares, while maintaining sole voting power over 456,726 shares. The reported holdings include positions managed by various Vanguard affiliates, including Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd. This filing represents an increase from a previous 0.0% position, crossing the 5% ownership threshold that triggers a Schedule 13G requirement for institutional investment advisers. Vanguard certified that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer. The total value of the position is estimated at approximately $654.5 million based on the filing data.