SCHEDULE: Vanguard Shifts MarketAxess Holdings Reporting to Subsidiaries

The Vanguard Group reports 0% beneficial ownership in MarketAxess Holdings Inc. following an internal realignment, with subsidiaries now reporting separately.

Summary

• The Vanguard Group, Inc. filed an Amendment No. 14 to Schedule 13G for MarketAxess Holdings Inc.
• The filing indicates that The Vanguard Group, Inc. now beneficially owns 0% of MarketAxess Holdings Inc. common stock.
• This change is a result of an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Certain subsidiaries or business divisions of Vanguard will now report their beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• These subsidiaries and/or business divisions continue to pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.
• 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.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral for MarketAxess Holdings Inc. as it primarily reflects an internal reporting change by The Vanguard Group rather than a change in investment thesis or a significant divestment from the broader Vanguard organization.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding MarketAxess Holdings Inc.'s future performance or operations.

Industry Context

StockSavvy.ai notes that internal realignments and subsequent changes in reporting structures are common among large institutional investors like The Vanguard Group. This particular change reflects a shift in how Vanguard's various investment entities report their holdings, rather than a change in overall investment strategy or a divestment from MarketAxess Holdings Inc. by the broader Vanguard organization.

Stakeholder Impact

• Shareholders of MarketAxess Holdings Inc. should understand that while The Vanguard Group, Inc. itself reports 0% ownership, the underlying shares are still held by its subsidiaries, meaning the overall institutional ownership by Vanguard-affiliated entities has not necessarily changed.

Key Dates

Keywords

MarketAxess Holdings Inc., Vanguard Group, Schedule 13G, Beneficial Ownership, SEC Filing, Institutional Investor, Reporting Change, Investment Management