Vanguard Capital Management Reports 7.48% Stake in IBM with 70.2 Million Shares

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a significant new ownership stake in International Business Machines Corp (IBM). As of the event date on March 31, 2026, the firm beneficially owns 70,227,012 shares of IBM Common Stock, representing 7.48% of the total shares outstanding. This filing marks an increase from a previous ownership position of 0.0%. The reported holdings include shares managed by various affiliates, including Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd. Vanguard Capital Management reported sole dispositive power over all 70,227,012 shares, while exercising sole voting power over 9,381,407 shares. The filing was made under Rule 13d-1(b), certifying that the securities 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 $16.31 billion based on market data.