Vanguard Trims Douglas Elliman Stake to 7.8%

TL;DR

**Vanguard cut its Douglas Elliman stake to 7.8%, watch for market reaction.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on January 10, 2024, disclosing its ownership in Douglas Elliman Inc. As of December 29, 2023, Vanguard beneficially owned 3,090,140 shares of Douglas Elliman's Common Stock, representing 7.8% of the company. This filing indicates a slight decrease in Vanguard's stake from a previous filing, which could signal a shift in their investment strategy for the real estate company.

Why It Matters

This matters to investors because Vanguard is a significant institutional holder, and changes in its position can influence market sentiment and potentially signal its outlook on Douglas Elliman's future performance.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of an institutional investor's holdings and does not indicate any immediate high-risk event for the company.

Analyst Insight

An investor might monitor Douglas Elliman's stock performance and other institutional filings to see if other major holders are also adjusting their positions, which could indicate a broader trend.

Key Numbers

• 3,090,140 — Shares Beneficially Owned (The number of Douglas Elliman Inc. Common Stock shares held by The Vanguard Group as of December 29, 2023.)
• 7.8% — Percentage of Class (The percentage of Douglas Elliman Inc.'s Common Stock that The Vanguard Group beneficially owns.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Douglas Elliman Inc. (company) — subject company, real estate agents & managers
• 3,090,140 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 7.8% (dollar_amount) — percentage of Douglas Elliman's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing
• January 10, 2024 (date) — filing date of the SC 13G/A

Forward-Looking Statements

• Vanguard's slight reduction in stake may lead to short-term negative sentiment for Douglas Elliman's stock. (Douglas Elliman Inc.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• tv0025-douglasellimaninc.htm (SC 13G/A) — 11KB
• 0001104659-24-002847.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Douglas Elliman Inc.

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 4400 Biscayne Boulevard Miami, FL 33137

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 25961D105

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: 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 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. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 10, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR