Columbia Management Discloses 28,916,372 Shares in Bloom Energy (BE)
Rhea-AI Filing Summary
Bloom Energy Corp received a joint Schedule 13G/A showing large institutional holdings by Ameriprise Financial, Inc., Columbia Management Investment Advisers, LLC and the Columbia Seligman Technology and Information Fund. Ameriprise reports beneficial ownership of 30,147,240 shares, representing 12.9% of Class A common stock, while Columbia Management reports 28,916,372 shares or 12.3%. Columbia Seligman holds 228 shares (0.0%). Both Ameriprise and Columbia Management report shared voting power (28,230,361 shares) and disclose that AFI and CMIA disclaim sole beneficial ownership because holdings reflect advisory/parent relationships. The filing states the positions are held in the ordinary course of business and not for the purpose of changing control.
Positive
- Significant institutional backing: Ameriprise reports 30,147,240 shares (12.9%), indicating meaningful investor support
- Clear disclosure of relationships: Filing explains aggregation between AFI, CMIA and the Fund, improving transparency
- Passive intent stated: Certification indicates holdings are in the ordinary course and not for changing control
Negative
- No sole voting power reported: AFI and CMIA show 0 sole voting power and rely on shared voting power, limiting individual control signals
- Overlap and disclaimers (parent/adviser aggregation) can complicate precise assessment of independent influence
- Potential concentration risk: Combined positions exceed 12%, which can affect stock liquidity or enable coordinated action if intent changes
Insights
Major passive stakes disclosed: Ameriprise at
Large reported positions by a parent holding company and its investment adviser indicate concentrated institutional ownership. The numbers—30,147,240 and 28,916,372 shares—are substantial relative to a single class of stock and can affect trading liquidity and block trade dynamics.
Dependence on managed-account aggregation is material: both AFI and CMIA report shared voting power and disclaim sole ownership. Monitor any updates to voting arrangements or additional filings within the next 30–90 days for changes to aggregated percentages or statements about intent.
Filing emphasizes ordinary-course holdings and disclaims control intent.
The certification states the shares were acquired and are held in the ordinary course of business and not to influence control, which is standard language for passive 13G filers. The filing also ties holdings to advisory relationships and a parent-subsidiary structure, explaining overlapping counts.
Key items to watch are any amendments that move the filing to Schedule 13D or show changes in voting arrangements; those would signal active engagement and typically appear if intent changes within a short regulatory timeframe.