Vanguard Capital Management Acquires 5.24% Stake in Modine Manufacturing Co

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, disclosing a new 5.24% ownership stake in Modine Manufacturing Co (MOD). As of the event date on March 31, 2026, the investment adviser reported beneficial ownership of 2,763,681 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over all 2,763,681 shares, while maintaining sole voting power over 400,947 shares. The reported holdings include securities managed by various affiliates, including Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC, and Vanguard Investments Australia Ltd. The filing was made under Rule 13d-1(b), certifying 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. This filing marks a significant increase from a previous ownership position of 0.0%, establishing Vanguard as a major institutional shareholder in the Racine, Wisconsin-based thermal management technology company.