SCHEDULE: Vanguard Group Discloses 5.43% Passive Stake in Wolfspeed Inc.

The Vanguard Group has filed an amended Schedule 13G, reporting a 5.43% beneficial ownership stake in Wolfspeed Inc. as of June 30, 2025.

Summary

• The Vanguard Group reported beneficial ownership of 8,464,252 shares of Wolfspeed Inc. Common Stock.
• This ownership represents 5.43% of the total class of securities.
• The filing is an Amendment No. 14 to a Schedule 13G, indicating an update to a previously reported stake.
• The event date requiring this filing was June 30, 2025.
• The Vanguard Group holds sole dispositive power over 8,399,218 shares and shared dispositive power over 65,034 shares.
• The Vanguard Group holds sole voting power over 0 shares and shared voting power over 65,034 shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Wolfspeed Inc.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a significant passive ownership stake by a major institutional investor, which is generally viewed as a neutral to slightly positive indicator of confidence in the company.

Positives

• The Vanguard Group, a major institutional investor, maintains a significant beneficial ownership stake in Wolfspeed Inc., indicating continued investment and confidence in the company.

Negatives

• No specific negative information is disclosed in this routine ownership filing.

Risks

• The filing explicitly states that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing control of Wolfspeed Inc., mitigating concerns of an activist stake from this filer.

Future Outlook

NA

Management Comments

• 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

This filing reflects a routine disclosure of a significant passive investment by a major asset manager in a publicly traded company, common across various industries. It does not provide specific insights into Wolfspeed Inc.'s operational performance or industry trends beyond the fact that a large institutional investor holds a stake.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially influencing market perception and liquidity.

Next Steps

• The Vanguard Group will continue to file amendments to this Schedule 13G as required by SEC regulations if their beneficial ownership percentage changes significantly.

Key Dates

Keywords

Wolfspeed Inc, Vanguard Group, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing, passive investment