[SCHEDULE 13G] Alpha Metallurgical Resources, Inc. SEC Filing
Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation report beneficial ownership of 661,115 shares of Alpha Metallurgical Resources, Inc. common stock, representing 5.06% of the outstanding class. The filing states the reporting persons hold sole voting and sole dispositive power over these shares. The filers note that certain funds managed by Renaissance Technologies have rights to receive dividends and sale proceeds related to these securities. The filing also includes a certification that the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.
- Material disclosed stake: Reporting persons beneficially own 661,115 shares (5.06%) of AMR, exceeding the SEC 5% disclosure threshold
- Clear voting/dispositive authority: Filers report sole voting and sole dispositive power over all reported shares
- None.
Insights
TL;DR: Renaissance reports a passive, material stake of 5.06% with sole voting/dispositive power over 661,115 AMR shares.
The Schedule 13G discloses a >5% passive position in Alpha Metallurgical Resources, with Renaissance Technologies entities holding sole voting and dispositive authority for the entire reported position. This is a material ownership disclosure because it meets the SEC threshold for reporting. The filing also clarifies that certain managed funds have rights to dividends and proceeds, and includes the standard certification that the holdings are not intended to influence control of the issuer. For investors, this signals a sizable institutional position but, per the filing, not an activist intent.
TL;DR: Ownership is material but filed as passive; governance impact appears limited by the filers' certification.
The reporting entities declare sole voting and dispositive power over 661,115 shares, yet they filed on Schedule 13G which is reserved for passive investors rather than active acquirers. The certification in the filing explicitly states the position is held in the ordinary course of business and not to change or influence control. From a governance perspective, the filing indicates notable ownership concentration but no stated intent to engage in control-related actions.