Vanguard Capital Management Acquires 5.25% Stake in Pebblebrook Hotel Trust

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 5.25% stake in Pebblebrook Hotel Trust (PEB). As of the event date on March 31, 2026, the investment adviser beneficially owns 5,965,363 shares of common stock. This filing represents an increase from a previously reported 0% position, crossing the 5% ownership threshold that triggers a 13G filing requirement. According to the filing, Vanguard Capital Management exercises sole dispositive power over all 5,965,363 shares but holds sole voting power over only 934,430 shares. The reporting person notes 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 reported holdings include shares managed by various affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. No other single person's interest in the securities is reported to exceed 5%.