SCHEDULE: Vanguard Group Reduces Passive Stake in Redfin Corp Below 5%

The Vanguard Group has filed an updated Schedule 13G, reporting a reduction in its passive ownership stake in Redfin Corp to 4.75% as of June 30, 2025.

Summary

• The Vanguard Group's beneficial ownership of Redfin Corp common stock is 6,086,846 shares.
• This represents 4.75% of Redfin Corp's common stock class, a decrease from a previous holding of 5% or more.
• The Vanguard Group holds no sole voting power over these shares.
• Shared voting power is held over 30,734 shares.
• Sole dispositive power is held over 5,924,939 shares.
• Shared dispositive power is held over 161,907 shares.
• This filing is Amendment No. 7 to the Schedule 13G, indicating a change from a prior filing.

Sentiment

Score: 4

Explanation: The document reports a reduction in a significant institutional investor's stake, which is generally perceived as a negative signal for the company's stock, despite being a routine regulatory filing.

Positives

• The Vanguard Group, a major asset manager, continues to hold a significant institutional ownership stake in Redfin Corp, indicating ongoing investment interest.

Negatives

• The Vanguard Group's beneficial ownership in Redfin Corp has decreased to 4.75%, falling below the 5% threshold, which indicates a reduction in their stake from a previous filing where they held 5% or more.

Future Outlook

NA

Management Comments

• The Vanguard Group certifies that, to the best of its knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of Redfin Corp.

Industry Context

This filing is a standard disclosure for large institutional investors like The Vanguard Group, reflecting their passive investment strategies across a broad portfolio of public companies. The reduction in stake, while a routine adjustment for the asset manager, is a notable change in their position in Redfin Corp.

Stakeholder Impact

• Shareholders: Provides transparency on a significant institutional holder's reduced stake, which may influence investor sentiment and trading decisions.

Key Dates

Keywords

Redfin Corp, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing