Vanguard Trims U-Haul Stake to 5.4%, Down From 5.6%

TL;DR

**Vanguard just cut its U-Haul stake to 5.4%, a slight dip from 5.6%.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating a change in its ownership stake in U-Haul Holding Co. As of December 29, 2023, Vanguard reported beneficial ownership of 10,772,977 shares of U-Haul's Common Stock, representing 5.4% of the company. This is a decrease from their previous filing, where they reported 11,289,936 shares or 5.6% ownership. This matters to investors because it shows a slight reduction in a major institutional investor's position, which could signal a shift in their outlook on U-Haul's future performance.

Why It Matters

A slight reduction in Vanguard's stake in U-Haul could suggest a minor shift in institutional sentiment, potentially influencing other investors' perceptions of the stock.

Risk Assessment

Risk Level: low — The change in ownership is minor and does not indicate a significant shift in the company's fundamentals or a major divestment.

Analyst Insight

Investors should note the slight reduction in Vanguard's passive stake in U-Haul, but recognize it's a minor adjustment by a large institutional investor and not necessarily a strong bearish signal. It warrants continued monitoring of future institutional ownership changes.

Key Numbers

• 10,772,977 — Shares Beneficially Owned (Vanguard's current stake in U-Haul Holding Co as of December 29, 2023.)
• 5.4% — Percentage of Class (Vanguard's current ownership percentage of U-Haul Holding Co's Common Stock.)
• 11,289,936 — Previous Shares Owned (Vanguard's reported stake in U-Haul Holding Co in their prior filing.)
• 5.6% — Previous Percentage of Class (Vanguard's reported ownership percentage in their prior filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• U-Haul Holding Co (company) — subject company whose securities are being reported
• 10,772,977 shares (dollar_amount) — shares beneficially owned by Vanguard as of December 29, 2023
• 5.4% (dollar_amount) — percentage of U-Haul's Common Stock beneficially owned by Vanguard as of December 29, 2023
• December 29, 2023 (date) — date of the event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13G/A amendment
• 11,289,936 shares (dollar_amount) — shares beneficially owned by Vanguard in their previous filing
• 5.6% (dollar_amount) — percentage of U-Haul's Common Stock beneficially owned by Vanguard in their previous filing

Forward-Looking Statements

• Vanguard will continue to hold a significant, albeit slightly reduced, passive stake in U-Haul Holding Co. (The Vanguard Group) — high confidence, target: Q2 2024
• The minor reduction in Vanguard's stake will not significantly impact U-Haul's stock price in the short term. (U-Haul Holding Co) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• tv02140-uhaulholdingco.htm (SC 13G/A) — 11KB
• 0001104659-24-022162.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: U-Haul Holding Co

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

Item 1(b) - Address of Issuer's Principal Executive Offices: 5555 Kietzke Lane, Suite 100 Reno, NV 89511

(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 023586506

- 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: February 13, 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