SCHEDULE: Vanguard Group Reports Zero Grid Dynamics Holdings Stake

The Vanguard Group reports zero beneficial ownership in Grid Dynamics Holdings Inc. following an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 2 to Schedule 13G for Grid Dynamics Holdings Inc. Common Stock.
• The filing indicates that The Vanguard Group now beneficially owns 0 shares, representing 0% of the class.
• This change is a result of an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• Certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately, in reliance on SEC Release No. 34-39538 (January 12, 1998).
• These disaggregated entities continue to pursue the same investment strategies as previously pursued by The Vanguard Group, Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral for Grid Dynamics Holdings Inc. as it primarily reflects an internal organizational change within The Vanguard Group rather than a change in investment sentiment towards the issuer.

Future Outlook

The filing does not contain forward-looking statements or guidance for Grid Dynamics Holdings Inc. It describes a past event related to The Vanguard Group's internal reporting structure.

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.
• 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 institutional investors like The Vanguard Group frequently adjust their reporting structures and portfolio allocations. This specific filing reflects an internal organizational change within Vanguard rather than a direct investment thesis change regarding Grid Dynamics Holdings Inc.

Comparison to Industry Standards

• This filing is a standard regulatory disclosure of beneficial ownership changes by a large institutional investor. It does not provide performance metrics for comparison to industry benchmarks or specific comparable companies.

Stakeholder Impact

• Shareholders of Grid Dynamics Holdings Inc. may note that a major institutional investor (The Vanguard Group, as a consolidated entity) no longer directly reports beneficial ownership, though individual Vanguard funds may still hold shares.
• Investors in The Vanguard Group's funds will see a streamlined reporting structure for certain entities within the group.

Next Steps

• The Vanguard Group's subsidiaries and/or business divisions will report their beneficial ownership separately in future filings.

Key Dates

Keywords

Grid Dynamics Holdings Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Adviser