Vanguard Portfolio Management Lowers Expedia Group Stake Below 5%

Executive Summary

On October 30, 2026, Vanguard Portfolio Management LLC filed an amended Schedule 13G (Amendment No. 1) with the SEC regarding its holdings in Expedia Group, Inc. ($EXPE). As of the event date of September 30, 2026, Vanguard's beneficial ownership in Expedia Group stood at 5,418,768 shares, representing 4.73% of the outstanding common stock.

Key Highlights

• Position Size: 5,418,768 shares (4.73% of outstanding shares).
• Threshold Status: The filing marks a step below the 5% disclosure threshold (Item 5 checked affirmative for ownership of 5% or less).
• Voting & Dispositive Disaggregation:
  • Sole Voting Power: 31,227 shares
  • Shared Voting Power: 0 shares
  • Sole Dispositive Power: 5,418,768 shares
  • Shared Dispositive Power: 0 shares
• Filing Rule: Filed under Rule 13d-1(b) as an investment adviser holding securities in the ordinary course of business without activist intent.

Market Impact & Significance

The trading significance is rated Low. Vanguard manages index-tracking mutual funds and ETFs as well as separate client accounts. This reduction below the 5% threshold typically reflects index rebalancing, portfolio reweighting, or changes in Expedia Group's aggregate share count rather than a directional or activist investment stance.