[SCHEDULE 13G/A] Acco Brands Corporation SEC Filing
On 7 July 2025 Allspring Global Investments Holdings, LLC filed Amendment No. 3 to Schedule 13G disclosing ownership of 7,288,508 shares of ACCO Brands Corp. (ACCO), representing 8.1 % of the outstanding common stock as of 30 June 2025. The Delaware-organized parent holding company reports sole voting power over 7,060,904 shares and sole dispositive power over the full 7,288,508 shares; no shared voting or dispositive authority is indicated.
The filing is made pursuant to Rule 13d-1(b) and is classified under Item 3(g) as a parent holding company/control person, signalling a passive, non-activist position. Allspring states that the shares are held in the ordinary course for the accounts of advisory clients and that neither Allspring nor any client intends to influence control of the issuer. Exhibit A lists two investment-adviser subsidiaries—Allspring Global Investments, LLC and Allspring Funds Management, LLC—through which the shares are held.
This disclosure confirms that an established institutional investor has accumulated a stake above the 5 % reporting threshold, providing investors with greater insight into ACCO’s ownership base and potential float reduction.
- Institutional ownership increases to 8.1%: Allspring Global Investments reported 7.29 million ACCO shares, signaling confidence and potentially improving share liquidity.
- None.
Insights
TL;DR: Allspring’s 8.1% passive stake adds institutional support; modestly positive for valuation.
Allspring Global Investments’ accumulation of 7.29 million ACCO shares confirms increased institutional interest in the office-products manufacturer. While the firm declares a passive intent, 8.1 % is meaningful given ACCO’s roughly 90 million share count, potentially enhancing liquidity and signalling confidence in management’s restructuring and free-cash-flow story. However, because the filing lacks activist language, no near-term strategic catalyst is implied. Investors should monitor subsequent 13F and 13G updates to see whether the position grows beyond 10 %—which would trigger a 13D—or shrinks below 5 %.
TL;DR: Passive 13G filing; no governance implications, neutral impact.
The Schedule 13G expressly certifies that the shares were "not acquired for the purpose of changing or influencing control." Accordingly, Allspring’s stake does not alter board dynamics or trigger poison-pill thresholds. The absence of a group filing or coordinated action lowers the probability of shareholder proposals or proxy contests stemming from this position, leaving governance risk unchanged.