SCHEDULE 13G/A: Vanguard Group Discloses 13.57% Stake in Redfin Corp

The Vanguard Group has filed an amended Schedule 13G, reporting a beneficial ownership of 13.57% of Redfin Corp's Common Stock as of December 31, 2024.

Summary

• The Vanguard Group reported beneficial ownership of 16,827,798 shares of Redfin Corp Common Stock.
• This represents 13.57% of the total class of securities.
• The filing date for this statement was January 31, 2025, with the event date requiring the filing being December 31, 2024.
• Vanguard holds sole dispositive power over 16,489,910 shares and shared dispositive power over 337,888 shares.
• Vanguard holds shared voting power over 222,360 shares and no sole voting power.
• This filing is Amendment No. 6, indicating a series of previous beneficial ownership disclosures by Vanguard regarding Redfin Corp.
• The Vanguard Group certifies 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 Redfin Corp.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

Not applicable as this document is a beneficial ownership disclosure and does not contain forward-looking statements or guidance from the issuer.

Industry Context

This filing indicates a significant passive investment by a major asset manager, The Vanguard Group, in Redfin Corp, a company operating in the real estate technology sector. Such large institutional holdings are common for publicly traded companies and reflect Vanguard's broad investment strategies across various industries.

Stakeholder Impact

• Shareholders: Disclosure of a significant institutional holder provides transparency regarding the ownership structure and may influence investor perception of the stock's stability or institutional interest.

Key Dates

Keywords

Redfin Corp, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Real Estate Technology