Institutional Stake: T. Rowe Price Owns 6.1% of ALKS
Rhea-AI Filing Summary
T. Rowe Price Associates, Inc. reported beneficial ownership of 10,041,900 shares of Alkermes plc common stock, representing 6.1% of the class as of June 30, 2025. The firm reports sole voting power for 9,983,207 shares and sole dispositive power for 10,041,900 shares on a Schedule 13G/A.
The filing identifies T. Rowe Price as an investment adviser filing under Rule 13d-1(b) and certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The Schedule is signed by Ellen York, Vice President, dated August 14, 2025.
Positive
- T. Rowe Price reports a significant institutional stake of 10,041,900 shares, or 6.1% of Alkermes common stock
- Filing states holdings are acquired and held in the ordinary course and not for the purpose of changing control
Negative
- None.
Insights
TL;DR: Institutional investor T. Rowe Price holds a material 6.1% stake in Alkermes; reported as held in the ordinary course.
The Schedule 13G/A documents a significant passive holding: 10,041,900 shares (6.1%) with sole voting power on 9,983,207 shares. As an investment adviser filing under Rule 13d-1(b), the reporting indicates passive ownership rather than an intent to seek control. For investors, the filing confirms concentration of institutional ownership but contains no operational or financial changes.
TL;DR: Ownership disclosure is material for governance monitoring but the filing disclaims any control intent.
The filing explicitly states the position was acquired and is held in the ordinary course and not for influencing control. The reported sole voting power of 9,983,207 is relevant for proxy and engagement considerations. No group affiliations or coordinated action are indicated, and there is no request or assertion of board influence in this filing.