SCHEDULE: Vanguard Group Reports Zero TKO Holdings Stake After Realignment

The Vanguard Group has reported a 0% beneficial ownership in TKO Group Holdings Inc. following an internal realignment that disaggregated reporting responsibilities.

Summary

• The Vanguard Group filed an Amendment No. 3 to Schedule 13G for TKO Group Holdings Inc.
• The filing indicates that The Vanguard Group now beneficially owns 0 shares, representing 0% of the Common Stock of TKO Group Holdings Inc.
• This change is due to an internal realignment on January 12, 2026, where certain subsidiaries or business divisions will now report beneficial ownership separately.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by these disaggregated entities.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, procedural filing related to The Vanguard Group's internal reporting structure, with no direct positive or negative implications for TKO Group Holdings Inc.'s operational or financial performance.

Positives

• Increased transparency in beneficial ownership reporting due to the disaggregation of Vanguard's subsidiaries, aligning with SEC guidance.

Negatives

• The Vanguard Group, as the parent entity, no longer directly reports beneficial ownership of TKO Group Holdings Inc. shares, which may require investors to track multiple filings from its subsidiaries for a complete picture of Vanguard's overall exposure.

Risks

• Investors may need to monitor separate Schedule 13G filings from Vanguard's disaggregated subsidiaries to ascertain the full extent of Vanguard's collective beneficial ownership in TKO Group Holdings Inc.

Future Outlook

No forward-looking statements or guidance regarding TKO Group Holdings Inc.'s operational or financial performance are provided.

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.
• Further in accordance with SEC Release No. 34-39538 (January 12, 1998), 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.
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11.

Industry Context

StockSavvy.ai notes that this filing reflects a common practice among large asset managers like Vanguard to adjust their internal reporting structures to comply with SEC regulations, particularly concerning beneficial ownership disclosures. This disaggregation aims to provide clearer, more granular reporting from individual investment entities within a larger group.

Comparison to Industry Standards

• This realignment by The Vanguard Group aligns with best practices for large, diversified investment firms seeking to enhance transparency and regulatory compliance by disaggregating beneficial ownership reporting among their various subsidiaries and business divisions.
• Similar reporting adjustments have been observed with other major asset managers, such as BlackRock and State Street, who also manage vast portfolios across numerous funds and entities, often leading to complex beneficial ownership structures that require clear delineation for regulatory purposes.

Corporate Governance

Stakeholder Impact

• Shareholders (TKO): No direct impact on TKO's operations or value, but the reporting change affects how Vanguard's collective stake is disclosed.
• Investors (Tracking Vanguard): May need to monitor multiple filings from Vanguard's disaggregated entities to understand the full extent of Vanguard's collective beneficial ownership in TKO.

Next Steps

• Vanguard's subsidiaries or business divisions that now hold TKO Group Holdings Inc. shares will report their beneficial ownership separately in future filings.

Key Dates

Keywords

TKO Group Holdings Inc, Vanguard Group, Schedule 13G, Beneficial Ownership, SEC Filing, Investment Adviser, Common Stock, Corporate Governance, Ownership Disclosure