SCHEDULE: Vanguard Discloses 5.49% Stake in NuScale Power Corp

The Vanguard Group has filed an amended Schedule 13G, reporting a 5.49% beneficial ownership stake in NuScale Power Corp.

Summary

• The Vanguard Group reported beneficial ownership of 15,545,018 shares of NuScale Power Corp. Common Stock.
• This ownership represents 5.49% of the class of securities.
• Vanguard holds shared voting power over 1,228,170 shares and shared dispositive power over all 15,545,018 shares.
• The filing is an Amendment No. 3 to a previous Schedule 13G.
• An internal realignment at The Vanguard Group, Inc. on January 12, 2026, means it no longer performs portfolio management or administers proxy voting.
• Vanguard anticipates that certain subsidiaries or business divisions will report beneficial ownership separately (on a disaggregated basis) in the future.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as moderately positive, as a significant institutional holding by Vanguard indicates inclusion in major indices and general market confidence, though it's a routine disclosure rather than a new strategic investment.

Positives

• A significant institutional holding by The Vanguard Group, a major investment manager, can signal confidence in NuScale Power Corp.

Negatives

• NA

Risks

• NA

Future Outlook

The filing does not provide forward-looking statements or guidance regarding NuScale Power Corp.'s operational or financial performance. It primarily details The Vanguard Group's beneficial ownership.

Management Comments

• Ashley Grim, Head of Global Fund Administration for The Vanguard Group, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that a substantial stake from a major passive investment manager like The Vanguard Group in a company like NuScale Power Corp., which is focused on advanced nuclear technology (small modular reactors), highlights the growing institutional interest in the energy sector's transition and innovative power solutions. Such a holding often reflects inclusion in broad market indices that Vanguard's funds track.

Comparison to Industry Standards

• This filing is a beneficial ownership report (Schedule 13G) and does not contain financial or operational data for NuScale Power Corp. that would allow for a direct comparison to industry standards or specific comparable companies, projects, and results.

Stakeholder Impact

• Shareholders of NuScale Power Corp. benefit from the transparency of institutional ownership, which can contribute to market stability and liquidity.
• The internal realignment at Vanguard primarily impacts Vanguard's internal reporting structure and its clients, rather than directly impacting NuScale's operations or other stakeholders.

Next Steps

• The Vanguard Group anticipates that certain subsidiaries or business divisions will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. following an internal realignment.

Key Dates

Keywords

NuScale Power Corp, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Nuclear Power, Small Modular Reactors