[SCHEDULE 13G] AeroVironment, Inc. SEC Filing
Rhea-AI Filing Summary
AeroVironment, Inc. is reported as having institutional ownership by State Street Corporation, which beneficially owns 1,722,002 shares, representing 3.8% of the company's common stock. The filing shows no sole voting or dispositive power and records shared voting power of 1,615,455 and shared dispositive power of 1,722,002, indicating control is exercised jointly through State Street entities. The statement also identifies several State Street subsidiaries involved in managing these holdings and certifies the shares are held in the ordinary course of business and not to influence control.
Positive
- Institutional ownership: State Street beneficially owns 1,722,002 shares of AVAV, showing institutional interest in the company.
- Clear certification: The filing states the shares are held in the ordinary course of business and were not acquired to influence control.
Negative
- No sole control: Reported sole voting power and sole dispositive power are both 0, indicating no unilateral control.
- Stake below 5%: At 3.8%, the holding is under typical materiality thresholds for larger, potentially influential stakes.
Insights
TL;DR State Street reports a 3.8% beneficial stake in AVAV with shared voting/dispositive rights; the position appears passive and non-controlling.
State Street's reported ownership of 1,722,002 shares (3.8%) falls below the 5% indicative threshold for larger disclosures and the filing records 0 sole voting or dispositive power. Shared voting power of 1,615,455 suggests these holdings are managed across custodial or advisory lines via multiple State Street affiliates. For investors, this is a notable institutional holding but not a change in control or an activist stake based on the facts reported.
TL;DR The submission documents a non-controlling institutional position and explicitly states the shares are held in the ordinary course, not to affect control.
The filing identifies several State Street subsidiaries as the relevant managers of the position, which is consistent with pooled or advisory asset-management arrangements. The certification in the filing explicitly states the securities were not acquired to change or influence issuer control. There are no indications of solo voting authority or dispositive control that would signal governance intervention.