Vanguard Capital Management Acquires 7.29% Stake in NetApp Inc (NTAP)

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a significant new ownership stake in NetApp Inc (NTAP). As of the event date on March 31, 2026, the firm beneficially owns 14,399,983 shares of NetApp's common stock, representing a 7.29% ownership interest. This position marks a substantial increase from a previous reported holding of zero. Vanguard Capital Management reported sole dispositive power over all 14,399,983 shares, while holding sole voting power over 1,912,090 shares. The filing includes holdings managed by several Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The securities were acquired in the ordinary course of business, indicating a passive investment intent rather than an attempt to influence or change the control of the issuer. NetApp Inc is headquartered in San Jose, California, and the reporting person, Vanguard Capital Management, is based in Malvern, Pennsylvania.