SCHEDULE: Vanguard Group Reports Zero Clearwater Analytics Stake

The Vanguard Group reports 0% beneficial ownership in Clearwater Analytics Holdings Inc. following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 6 to Schedule 13G for Clearwater Analytics Holdings Inc. (CUSIP: 185123106).
• As of the event date March 13, 2026, The Vanguard Group reports 0 shares beneficially owned, representing 0% of the class of Common Stock.
• This change is attributed to an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for Clearwater Analytics Holdings Inc., as it primarily reflects an internal reporting change by The Vanguard Group rather than a fundamental shift in investment strategy or a complete divestment by all Vanguard-affiliated funds.

Future Outlook

NA

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment.
• In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release.
• These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.
• Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

Industry Context

StockSavvy.ai notes that large asset managers like The Vanguard Group frequently undergo internal restructurings that can impact how beneficial ownership is reported across their various funds and divisions. This specific filing reflects a shift in reporting methodology rather than a complete divestment from the underlying asset by all Vanguard-affiliated entities.

Stakeholder Impact

• Shareholders: The direct beneficial ownership by The Vanguard Group (parent entity) is now 0%, but the underlying shares may still be held by Vanguard's subsidiaries, meaning the actual institutional holding might not have changed significantly, only the reporting entity.
• Regulatory Authorities: The filing ensures compliance with SEC reporting requirements for beneficial ownership changes following internal restructuring.

Key Dates

Recommendation

The filing is a routine Schedule 13G amendment reporting a change in beneficial ownership due to an internal realignment within The Vanguard Group. It does not reflect a change in the fundamental investment thesis for Clearwater Analytics Holdings Inc. or indicate a complete divestment by all Vanguard-affiliated funds, thus a 'hold' recommendation is appropriate as no new material information impacting valuation is presented.

Keywords

Clearwater Analytics Holdings Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Institutional Investor, SEC Filing, Common Stock, Investment Adviser, Internal Realignment