Vanguard Capital Management Acquires 5.12% Passive Stake in Shoals Technologies Group Inc

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 5.12% stake in Shoals Technologies Group Inc (SHLS). The filing indicates that as of the event date on March 31, 2026, Vanguard beneficially owns 8,600,111 shares of the company's common stock. This represents a significant increase from a previous position of 0.0 shares, marking a new passive investment by the institutional asset manager. According to the filing, Vanguard holds sole dispositive power over all 8,600,111 shares, while maintaining sole voting power over 1,238,770 shares. The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. The reported ownership includes shares managed by various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. No other single person's interest in the reported securities exceeds 5% of the total shares outstanding.