Vanguard Portfolio Management LLC filed an amended beneficial ownership statement with the SEC on October 30, 2026, disclosing a 4.50% stake in Saul Centers Inc as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Vanguard Portfolio Management reported holding 1,112,332 shares of Saul Centers Inc common stock (CUSIP 804395101).
  • Percent of class: The reported position represents 4.50% of the outstanding common stock of Saul Centers Inc.
  • Sole voting power: Vanguard Portfolio Management holds sole voting power over 11,908 shares, with 0 shares subject to shared voting power.
  • Sole dispositive power: The filer holds sole dispositive power over all 1,112,332 shares, with no shared dispositive power reported.
  • Triggering event date: The event requiring the filing occurred on September 30, 2026.
  • Affiliated entities included: The filing covers securities beneficially owned by Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, as affiliates or business divisions.

Vanguard Portfolio Management's Position in Saul Centers Common Stock

According to the filing, Vanguard Portfolio Management LLC, organized in Pennsylvania and headquartered at 100 Vanguard Blvd, Malvern, PA 19355, reported an aggregate beneficial ownership of 1,112,332 shares of common stock in Saul Centers Inc, a real estate company headquartered at 7501 Wisconsin Avenue, Suite 1500E, Bethesda, MD 20814. The reported stake amounts to 4.50% of the issuer's outstanding common stock class, placing it at or below the 5% ownership threshold, as confirmed by the filing's response to Item 5.

The filing states that the reported holdings include securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, as well as securities held by clients over which affiliated entities, specifically Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC, exercise dispositive and/or voting power. The filing notes that it does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC whose ownership is disaggregated from that of the reporting business unit, in accordance with SEC Release No. 34-39538 dated January 12, 1998.

The filer is identified as an investment adviser under Item 3 of the filing. Vanguard Portfolio Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, is disclosed as having the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the reported securities. The filing certifies that no single other person holds an interest in the reported securities exceeding 5%. The document was signed by My Trieu-Gatt, identified as Authorized Signatory and Head of Global Fund Administration, on October 30, 2026.

What Was Disclosed

Vanguard Portfolio Management LLC disclosed an amended beneficial ownership position of 1,112,332 shares, representing 4.50% of Saul Centers Inc common stock, with the triggering event dated September 30, 2026. Sole dispositive power covers all reported shares; sole voting power covers 11,908 shares.