Vanguard Capital Management Acquires 5.32% Stake in United Bankshares Inc (UBSI)

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, disclosing a new 5.32% ownership stake in United Bankshares Inc (UBSI). As of the event date of March 31, 2026, the investment adviser reported beneficial ownership of 7,425,788 shares of common stock. This position represents a significant increase from a previously reported 0.0% stake, indicating a recent acquisition of shares. According to the filing, Vanguard Capital Management exercises sole dispositive power over all 7,425,788 shares, while holding sole voting power over 1,080,898 shares. The filing includes holdings from various affiliates, including Vanguard Asset Management Limited and Vanguard Fiduciary Trust Company. The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. No other single person's interest in these securities exceeds 5% of the total outstanding shares. The total value of the position is estimated at approximately $324.36 million based on the reported share count.