SCHEDULE: Vanguard Reports 0% Stake in Scholar Rock After Internal Realignment

The Vanguard Group has filed an amended Schedule 13G, reporting 0% beneficial ownership in Scholar Rock Holding Corp following an internal corporate realignment.

Summary

• The Vanguard Group filed an Amendment No. 2 to its Schedule 13G for Scholar Rock Holding Corp.
• The filing indicates that The Vanguard Group now beneficially owns 0.00 shares, representing 0% of the Common Stock of Scholar Rock Holding Corp.
• This change is a result of an internal realignment within The Vanguard Group, which became effective on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of Vanguard will report beneficial ownership separately, meaning The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over these securities.
• The subsidiaries and/or business divisions will continue to pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event for Scholar Rock Holding Corp, as the change in Vanguard's reported beneficial ownership is due to an internal corporate realignment rather than a strategic divestment based on the issuer's performance.

Positives

• The change in beneficial ownership is attributed to an internal corporate realignment at Vanguard, rather than a strategic divestment based on Scholar Rock's performance or outlook.
• Vanguard's subsidiaries will continue to pursue the same investment strategies, suggesting that the underlying investment approach remains consistent.

Negatives

• The Vanguard Group, as a single reporting entity, no longer reports beneficial ownership in Scholar Rock Holding Corp, which might be perceived as a reduction in institutional support.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Scholar Rock Holding Corp's future outlook.

Management Comments

• "On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment."
• "In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were 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."
• "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."

Industry Context

StockSavvy.ai notes that large institutional investors like The Vanguard Group periodically undergo internal structural changes, which can lead to shifts in how beneficial ownership is reported across their various funds and entities. This realignment reflects a trend towards disaggregated reporting by large asset managers, aiming for greater transparency in specific fund holdings rather than consolidated parent company ownership.

Stakeholder Impact

• Shareholders: The reported beneficial ownership by The Vanguard Group as a single entity has decreased to 0%, which might be perceived as a reduction in institutional support, although the underlying holdings may still exist within Vanguard's disaggregated subsidiaries.

Key Dates

Keywords

Scholar Rock Holding Corp, Vanguard Group, Schedule 13G, beneficial ownership, institutional ownership, SEC filing, common stock, corporate realignment