Vanguard Capital Management boosts stake in LTC Properties (NYSE: LTC)

Rhea-AI Filing Summary

LTC Properties Inc Schedule 13G shows Vanguard Capital Management reports beneficial ownership of 2,498,394 shares of Common Stock, representing 5.15% of the class as of 03/31/2026. The filing states sole voting power for 389,934 shares and sole dispositive power for 2,498,394 shares.

The filing explains these holdings include securities held for Vanguard funds and managed accounts and notes affiliations with Vanguard entities. The form is signed by Ashley Grim on 04/30/2026.

Insights

Institutional Ownership Analyst

Vanguard reports a 5.15% passive stake in LTC Properties.

The filing identifies 2,498,394 shares owned by Vanguard Capital Management as of 03/31/2026, with sole dispositive power and limited sole voting power. The Schedule 13G format indicates an institutional, likely passive, disclosure rather than an activist filing.

Ownership is described as held across Vanguard funds and managed accounts; cash‑flow treatment and any trading intent are not stated. Subsequent SEC filings would show changes to this position.

Key Figures

Beneficial ownership: 2,498,394 shares Percent of class: 5.15% Sole voting power: 389,934 shares +3 more

6 metrics

Beneficial ownership 2,498,394 shares Amount beneficially owned as of 03/31/2026

Percent of class 5.15% Percent of common stock as reported in Item 4

Sole voting power 389,934 shares Number with sole power to vote or direct the vote

Sole dispositive power 2,498,394 shares Number with sole power to dispose or direct disposition

Ownership snapshot date 03/31/2026 Date to which the reported holdings apply

Signature date 04/30/2026 Date the Schedule 13G was signed by Ashley Grim

Key Terms

Schedule 13G, Beneficial ownership, Dispositive power, Investment Company Act of 1940

4 terms

Schedule 13G regulatory

"Schedule 13G shows Vanguard Capital Management reports beneficial ownership"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficial ownership financial

"Amount beneficially owned: 2498394 (b) Percent of class: 5.15 %"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Dispositive power financial

"Sole power to dispose or to direct the disposition of: 2498394"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Investment Company Act of 1940 regulatory

"A listing of the shareholders of an investment company registered under the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

LTC Properties Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

502175102

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 502175102

1

Names of Reporting Persons

Vanguard Capital Management

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 389,934.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,498,394.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,498,394.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.15 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd. This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power. This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: LTC Properties Inc
(b)	Address of issuer's principal executive offices: 2829 Townsgate Road, Suite 350, Westlake Village, CA, 91361
Item 2.
(a)	Name of person filing: Vanguard Capital Management
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 502175102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2498394
(b)	Percent of class: 5.15 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 389934
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2498394
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Vanguard Capital Management, 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 or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

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 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.

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.

Vanguard Capital Management

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	04/30/2026

FAQ

What stake does Vanguard Capital Management hold in LTC (LTC)?

Vanguard Capital Management beneficially owns 2,498,394 shares, equal to 5.15% of LTC's common stock as of 03/31/2026. The filing lists sole dispositive power over these shares and reports sole voting power for 389,934 shares.

Does the Schedule 13G indicate Vanguard is an activist in LTC?

No. The Schedule 13G reporting format typically denotes an institutional, passive investor rather than an activist owner. The filing describes holdings across Vanguard funds and managed accounts without stating activist intentions or requests for control.

What voting and disposition powers does Vanguard report for LTC shares?

Vanguard reports 389,934 shares with sole voting power and 2,498,394 shares with sole dispositive power. Shared voting and dispositive powers are reported as zero in the filing's Item 4 breakdown.

What date are the ownership figures in the LTC filing based on?

The ownership figures are reported as of 03/31/2026. The Schedule 13G is signed on 04/30/2026, which is the signature date but not the ownership snapshot date stated in Item 4.

Who signed the Schedule 13G for Vanguard Capital Management at LTC?

The filing is signed by Ashley Grim, titled Head of Global Fund Administration, with a signature date of 04/30/2026. The signature certifies the accuracy of the reported beneficial ownership information.