SCHEDULE: Vanguard Amends ON Semiconductor Stake, Details Internal Shift

The Vanguard Group updated its beneficial ownership in ON Semiconductor Corp to 12.69%, disclosing an internal realignment affecting future reporting.

Summary

• The Vanguard Group reported beneficial ownership of 51,066,453 shares of ON Semiconductor Corp common stock.
• This represents 12.69% of the class of securities.
• Vanguard holds shared voting power over 4,003,460 shares and shared dispositive power over 51,066,453 shares.
• An internal realignment occurred on January 12, 2026, where The Vanguard Group, Inc. ceased performing portfolio management services and 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 filing as neutral to slightly positive. The continued significant ownership by Vanguard is a positive signal of institutional presence, while the internal realignment is an administrative change with no direct impact on ON Semiconductor's operations or financial health.

Positives

• The Vanguard Group maintains a significant beneficial ownership stake of 12.69% in ON Semiconductor Corp, indicating continued institutional confidence.

Negatives

• The internal realignment at The Vanguard Group, Inc. may lead to more complex reporting structures for its beneficial ownership in the future, as subsidiaries are expected to report separately.

Risks

• The internal realignment within The Vanguard Group, Inc. means that beneficial ownership of ON Semiconductor Corp shares will be reported on a disaggregated basis by various subsidiaries or business divisions, potentially making it more complex to track the aggregate institutional ownership by Vanguard entities.

Future Outlook

The Vanguard Group anticipates that its subsidiaries or business divisions will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. following an internal realignment effective January 12, 2026.

Management Comments

• "On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. As of that date, The Vanguard Group, Inc. no longer performs portfolio management services or administers proxy voting."
• "The Vanguard Group, Inc. anticipates that certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that currently have, or are 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."

Industry Context

StockSavvy.ai notes that The Vanguard Group is one of the largest asset managers globally, known for its passive investment strategies. Its significant stake in ON Semiconductor Corp underscores the company's presence in major institutional portfolios. The internal realignment, while an administrative change for Vanguard, reflects a broader trend among large asset managers to optimize operational structures and potentially streamline regulatory reporting for specific entities.

Comparison to Industry Standards

• Vanguard's 12.69% stake in ON Semiconductor Corp is a substantial passive investment, typical for a major index fund manager. This level of ownership is common for companies included in broad market indices tracked by Vanguard's funds.
• Compared to active fund managers who might take smaller, more concentrated positions, Vanguard's approach aligns with its strategy of holding proportional stakes across a wide range of companies to mirror market performance.

Stakeholder Impact

• Shareholders of ON Semiconductor Corp will continue to see The Vanguard Group as a major institutional holder, though future filings may show its ownership disaggregated across various Vanguard entities.

Next Steps

• The Vanguard Group's subsidiaries or business divisions are expected to report their beneficial ownership of ON Semiconductor Corp shares separately in future filings.

Key Dates

Keywords

ON Semiconductor Corp, Vanguard Group, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, SEC Filing, Ownership Disclosure, Investment Adviser