SCHEDULE 13G/A: Vanguard Group Amends Stake in HarborOne Bancorp, Reports 4.97% Passive Ownership

The Vanguard Group has filed an amended Schedule 13G, disclosing a 4.97% beneficial ownership stake in HarborOne Bancorp Inc. as of March 31, 2025.

Summary

• The Vanguard Group, classified as an investment adviser, filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in HarborOne Bancorp Inc.
• As of March 31, 2025, Vanguard beneficially owns an aggregate of 2,164,073 shares of HarborOne Bancorp Inc. Common Stock.
• This ownership represents 4.97% of the class of securities, placing Vanguard below the 5% threshold for certain reporting requirements.
• Vanguard holds sole dispositive power over 2,102,699 shares and shared dispositive power over 61,374 shares.
• Vanguard holds no sole voting power and shared voting power over 25,869 shares.
• The securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the issuer.
• No single client of The Vanguard Group, Inc. holds an interest of more than 5% in the reported securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing beneficial ownership. It contains no positive or negative operational or financial news about the issuer, HarborOne Bancorp Inc., nor does it indicate any strategic intent by the reporting person, The Vanguard Group, beyond passive investment. Therefore, the sentiment is neutral.

Positives

• The filing indicates a passive investment by The Vanguard Group, suggesting no intent to influence or control HarborOne Bancorp Inc.'s operations or management.
• Vanguard's beneficial ownership is below the 5% threshold, which typically implies a routine portfolio holding rather than an activist position.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding HarborOne Bancorp Inc.'s future performance or The Vanguard Group's investment strategy beyond the passive nature of its current holdings.

Industry Context

This filing is a routine disclosure by a major institutional asset manager, The Vanguard Group, reflecting its passive investment strategy across a broad portfolio of publicly traded companies, including those in the financial services sector like HarborOne Bancorp Inc. Such filings are common and indicate a standard portfolio allocation rather than a strategic move specific to the issuer's industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive stake, confirming no intent to influence control.
• Regulatory Authorities: Fulfills SEC disclosure requirements for beneficial ownership, ensuring market transparency.

Key Dates

Keywords

HarborOne Bancorp Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, Financial Services, Banking