First Trust group reports 6.76% Array Technologies, Inc. (ARRY) stake
Rhea-AI Filing Summary
Array Technologies, Inc. has a significant institutional holder group consisting of First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation, which jointly report beneficial ownership of 10,402,354 common shares, representing 6.76% of the class. They report no sole voting or dispositive power, with 10,022,933 shares subject to shared voting power and 10,402,354 shares subject to shared dispositive power. The stake is largely held through unit investment trusts and other investment vehicles for which First Trust entities act as sponsor or advisor, and all three reporting persons expressly disclaim beneficial ownership of the shares.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 10,402,354 shares
Percent of class: 6.76%
Shared voting power: 10,022,933 shares
+4 more
7 metrics
Beneficial ownership
10,402,354 shares
Common shares of Array Technologies, Inc. reported as beneficially owned by the First Trust group
Percent of class
6.76%
Portion of Array Technologies common stock class attributed to the reporting persons
Shared voting power
10,022,933 shares
Shares for which the reporting persons have shared power to vote or direct the vote
Shared dispositive power
10,402,354 shares
Shares for which the reporting persons have shared power to dispose or direct the disposition
Sole voting power
0 shares
Shares for which the reporting persons have sole power to vote
Sole dispositive power
0 shares
Shares for which the reporting persons have sole dispositive power
Single UIT issuer limit
3%
No individual unit investment trust holds more than 3% of any registered investment company issuer's shares
Key Terms
beneficial ownership, shared voting power, dispositive power, unit investment trusts, +2 more
6 terms
beneficial ownership financial
"Amount beneficially owned: 10,402,354"
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
"Shared power to dispose or to direct the disposition of: 10,402,354"
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.
unit investment trusts financial
"First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts"
A unit investment trust (UIT) is a pooled investment that sells investors fixed “units” representing a pre-selected, unchanging bundle of stocks, bonds or other securities held for a set period. Think of it like buying a pre-packed grocery basket that won’t be rearranged — you know exactly what you own and roughly when it will end. UITs matter to investors because they offer predictable holdings and income patterns, lower active management, and clear tax and fee implications compared with regularly traded funds.
Investment Company Act of 1940 regulatory
"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.
Rule 13d-1(k)(1) regulatory
"jointly filed by The Charger Corporation, First Trust Portfolios L.P. and First Trust Advisors L.P. pursuant to Rule 13d-1(k)(1)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Do the First Trust entities claim full beneficial ownership of their ARRY position?
No. First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation each disclaim beneficial ownership of the Array Technologies shares identified, despite reporting them as beneficially owned for Schedule 13G purposes.
Does any single First Trust unit investment trust hold more than 3% of ARRY or any issuer?
The filing states that no individual unit investment trust sponsored by First Trust Portfolios L.P. holds more than 3% of any registered investment company issuer's shares. Holdings are spread across multiple trusts and vehicles.