SCHEDULE: Vanguard Shifts Silvercrest Holdings to Disaggregated Reporting

The Vanguard Group reports 0% beneficial ownership in Silvercrest Asset Management Group Inc. following an internal realignment.

Summary

• The Vanguard Group, Inc. filed an Amendment No. 1 to Schedule 13G, reporting 0% beneficial ownership of Common Stock in Silvercrest Asset Management Group Inc.
• This change is a result of an internal realignment within The Vanguard Group, Inc. that occurred on January 12, 2026.
• Following the realignment, certain subsidiaries and business divisions of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis) in reliance on SEC Release No. 34-39538.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities held by these subsidiaries and/or business divisions.
• The filing indicates 0.00 shares with sole voting power, shared voting power, sole dispositive power, and shared dispositive power.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it is an administrative update regarding The Vanguard Group's internal reporting structure and does not reflect on Silvercrest Asset Management Group Inc.'s operational or financial performance.

Positives

• No direct positives for Silvercrest Asset Management Group Inc. are identified in this administrative filing, as it pertains to a change in Vanguard's internal reporting structure rather than Silvercrest's operational or financial performance.

Negatives

• No direct negatives for Silvercrest Asset Management Group Inc. are identified in this administrative filing, as it pertains to a change in Vanguard's internal reporting structure rather than Silvercrest's operational or financial performance.

Risks

• No new risks for Silvercrest Asset Management Group Inc. are identified in this administrative filing.

Future Outlook

The Vanguard Group's subsidiaries and/or business divisions will pursue the same investment strategies as previously, but will now report beneficial ownership separately from The Vanguard Group, Inc. in future filings.

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."
• "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 this filing reflects an administrative change in how The Vanguard Group reports its beneficial ownership, rather than a change in its investment strategy or a divestment from Silvercrest Asset Management Group Inc. This disaggregated reporting aligns with SEC guidance for large institutional investors and does not imply a shift in the underlying holdings or a change in sentiment towards Silvercrest.

Stakeholder Impact

• Shareholders of Silvercrest Asset Management Group Inc. will see a change in how Vanguard's holdings are reported, with The Vanguard Group, Inc. itself no longer showing beneficial ownership, but its subsidiaries continuing to hold the shares.
• For The Vanguard Group's clients and investors, this represents a clarification in reporting structure, with beneficial ownership now attributed to specific subsidiaries or business divisions.

Next Steps

• Vanguard's subsidiaries and/or business divisions will report their beneficial ownership separately in future filings, in accordance with SEC Release No. 34-39538.

Key Dates

Keywords

Silvercrest Asset Management Group Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Adviser, Disaggregated Reporting