State Street Discloses 865,934-Share Position in AMR Representing 6.6%
Rhea-AI Filing Summary
State Street Corporation reports ownership of 865,934 shares of Alpha Metallurgical Resources, Inc., representing 6.6% of the outstanding common stock. The filing shows no sole voting or dispositive power and indicates shared voting power of 848,590 shares and shared dispositive power of 865,934 shares, all held in the ordinary course of business.
The statement identifies several State Street Global Advisors entities as the subsidiaries through which the securities are held and includes a certification that the position was not acquired to influence control of the issuer.
Positive
- Aggregate institutional ownership of 865,934 shares (6.6%) is clearly disclosed
- Filer certifies the securities were acquired and are held in the ordinary course of business and not to influence control
Negative
- No sole voting power or sole dispositive power (both reported as 0), indicating the filer does not control voting decisions
- Shared voting power implies influence is dispersed rather than concentrated with the reporting person
Insights
TL;DR: State Street holds a material passive stake of 6.6% in AMR with shared voting and dispositive powers, indicating sizable institutional ownership but no control.
The schedule reports an aggregate position of 865,934 shares (6.6%) held by State Street Corporation with zero sole voting or dispositive power and substantial shared voting power (848,590). The filer certifies the holdings are in the ordinary course of business and not for the purpose of changing control, consistent with a passive Schedule 13G disclosure. For investors, this denotes meaningful institutional exposure without an active governance intent.
TL;DR: A 6.6% stake via multiple SSGA entities is material for disclosure but does not signal control or activism based on the certification and power allocations.
The filing names SSGA Funds Management and several State Street Global Advisors affiliates as the entities through which the position is held, reflecting a pooled/investment-management structure. Shared voting and dispositive powers predominate and the document explicitly states the securities were not acquired to influence issuer control. From a governance perspective, this is a notable passive holding that warrants monitoring but does not indicate an immediate governance change.