Vanguard Capital Management Establishes 5.22% Stake in UGI Corp

On April 30, 2026, Vanguard Capital Management LLC filed a Schedule 13G with the SEC, reporting a new 5.22% ownership stake in UGI Corp (UGI). As of the event date on March 31, 2026, Vanguard beneficially owns 11,222,606 shares of common stock. The filing indicates that Vanguard holds sole dispositive power over all 11,222,606 shares, while maintaining sole voting power over 1,617,250 shares. This position was previously reported as zero, marking a significant new institutional holding for the investment adviser. The shares were acquired in the ordinary course of business and not for the purpose of influencing or changing control of the issuer. The filing includes holdings managed by various Vanguard affiliates, including Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. No other single person's interest in these securities exceeds 5% of the total outstanding shares.