SCHEDULE: Vanguard Discloses 9.88% Stake in Civitas Resources

The Vanguard Group reported a 9.88% beneficial ownership stake in Civitas Resources Inc. common stock as of December 31, 2025.

Summary

• The Vanguard Group holds 8,429,741 shares of Civitas Resources Inc. common stock.
• This represents 9.88% of the class of securities.
• Vanguard has shared voting power over 578,842 shares and shared dispositive power over all 8,429,741 shares.
• An internal realignment within The Vanguard Group, Inc. became effective on January 12, 2026.
• Following this realignment, The Vanguard Group, Inc. no longer performs portfolio management services or administers proxy voting.
• Certain subsidiaries or business divisions of Vanguard are expected to report beneficial ownership separately (on a disaggregated basis) in the future.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Civitas Resources Inc.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a major institutional investor maintains a significant stake, affirming market confidence. The internal realignment at Vanguard is a procedural change with minimal direct impact on Civitas Resources' operational outlook.

Positives

• A major institutional investor, The Vanguard Group, maintains a significant 9.88% stake in Civitas Resources Inc., indicating continued investor interest.
• The holding is for investment purposes in the ordinary course of business, not for control, suggesting stability in the ownership structure.

Negatives

• The internal realignment at Vanguard means that future beneficial ownership reporting for Civitas Resources Inc. will be disaggregated, potentially making it more complex to track the total Vanguard-affiliated holdings.

Risks

• Future disaggregated reporting by Vanguard's subsidiaries could lead to less transparent consolidated ownership data for Civitas Resources Inc. from Vanguard-affiliated entities.

Future Outlook

The Vanguard Group, Inc. anticipates that certain subsidiaries or business divisions will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on SEC Release No. 34-39538. These subsidiaries will pursue the same investment strategies.

Management Comments

• "On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. As of that date, The Vanguard Group, Inc. no longer performs portfolio management services or administers proxy voting."
• "The Vanguard Group, Inc. anticipates that certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that currently have, or are deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release."
• "These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment."
• "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

StockSavvy.ai notes that large passive investment managers like The Vanguard Group frequently hold significant stakes across numerous public companies as part of their index-tracking or broad market funds. This filing confirms Vanguard's continued substantial, albeit passive, presence in Civitas Resources, an energy sector company. The internal realignment at Vanguard reflects an ongoing trend among large asset managers to optimize operational structures and clarify reporting lines, potentially in response to regulatory guidance or internal efficiency goals.

Comparison to Industry Standards

• This filing primarily details an institutional ownership stake and an internal organizational change within the reporting entity, The Vanguard Group. It does not provide performance metrics for Civitas Resources Inc. that would allow for direct comparison to industry standards or specific comparable companies, projects, or results.
• The 9.88% stake is a significant institutional holding, common for major index fund providers in companies of this size.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: The continued significant institutional ownership by Vanguard provides a level of stability and liquidity for Civitas Resources Inc. stock. The future disaggregated reporting might require shareholders to track multiple filings to understand the full Vanguard-affiliated stake.
• Management: The filing confirms that Vanguard's stake is passive and not intended to influence control, allowing Civitas management to focus on operational strategies without immediate pressure from this specific large shareholder.

Next Steps

• The Vanguard Group's subsidiaries or business divisions are anticipated to report their beneficial ownership in Civitas Resources Inc. separately in future filings.

Key Dates

Recommendation

This Schedule 13G filing primarily details a significant, passive ownership stake by The Vanguard Group in Civitas Resources Inc. and an internal organizational change within Vanguard. It does not provide new financial performance data or strategic updates for Civitas Resources Inc. that would warrant a change in investment recommendation. The continued large institutional holding is a neutral to slightly positive signal, but without further company-specific news, a "hold" recommendation is appropriate for existing investors, while new investors should seek broader fundamental analysis.

Keywords

Civitas Resources, Vanguard Group, Schedule 13G, beneficial ownership, common stock, institutional investor, equity stake, SEC filing, investment adviser, 17888H103