Bunge Global (BG): CPPIB Files Form 3 for 26.2 Million Shares

Rhea-AI Filing Summary

Form 3 Overview: Canada Pension Plan Investment Board ("CPPIB") and three wholly-owned subsidiaries have filed an Initial Statement of Beneficial Ownership with respect to Bunge Global SA (NYSE: BG).

• Date of event: 07/02/2025
• Reporting persons: CPPIB Parent; CPP Investment Board Private Holdings (5) Inc.; CPP Investment Board Private Holdings (6) Inc.; and CPPIB Monroe Canada Inc.
• Security class: Registered Shares
• Amount beneficially owned: 26,244,732 shares
• Ownership type: Indirect (held directly by CPPIB Monroe Canada Inc.)
• Regulatory status: Each filer is deemed a 10 % owner; Form filed jointly.
• Derivative securities: None reported.

The filing simply discloses CPPIB’s >10 % equity position in BG; there are no new transactions, prices, or derivative positions detailed.

Positive

• Institutional support: A globally respected pension fund now holds over 10 % of BG, potentially signaling confidence and providing a stable shareholder base.

Negative

• None.

Insights

Securities Analyst

TL;DR: CPPIB discloses 26.2 million BG shares, confirming >10 % stake; no transaction data, neutral market impact.

Form 3 signals that CPPIB—through CPPIB Monroe—now crosses the 10 % ownership threshold in Bunge Global SA. While the presence of a large, long-term institutional holder can be viewed positively for governance and liquidity, the filing contains no price, cost basis, or transaction information. It does not alter BG’s fundamentals or guidance, so immediate valuation impact appears limited.

Corporate Governance Specialist

TL;DR: Large passive investor declares joint 10 % ownership, enhancing oversight; no governance changes announced.

Crossing the 10 % line makes CPPIB an "insider" under Section 16, increasing its disclosure obligations and potential influence on strategic decisions. However, the filing does not state board representation or activism intent. Governance impact remains theoretical; investors should monitor future filings (Form 4/13D) for any strategic moves.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

CANADA PENSION PLAN INVESTMENT BOARD

(Last) (First) (Middle)

ONE QUEEN STREET EAST, SUITE 2500

(Street)

TORONTO ONTARIO A6 M5C 2W5

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/02/2025

3. Issuer Name and Ticker or Trading Symbol
Bunge Global SA [ BG ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Registered Shares	26,244,732	I	See Footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

CANADA PENSION PLAN INVESTMENT BOARD

(Last) (First) (Middle)

ONE QUEEN STREET EAST, SUITE 2500

(Street)

TORONTO ONTARIO A6 M5C 2W5

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

CPP Investment Board Private Holdings (5), Inc.

(Last) (First) (Middle)

ONE QUEEN STREET EAST, SUITE 2500

(Street)

TORONTO ONTARIO A6 M5C 2W5

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

CPP Investment Board Private Holdings (6), Inc.

(Last) (First) (Middle)

ONE QUEEN STREET EAST, SUITE 2500

(Street)

TORONTO ONTARIO A6 M5C 2W5

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

CPPIB Monroe Canada Inc.

(Last) (First) (Middle)

ONE QUEEN STREET EAST, SUITE 2500

(Street)

TORONTO ONTARIO A6 M5C 2W5

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. The 26,244,732 Registered Shares of the Issuer reported herein are held directly by CPPIB Monroe Canada ("CPPIB Monroe"), Inc. CPPIB Monroe is an indirect wholly-owned subsidiary of Canada Pension Plan Investment Board ("CPPIB Parent") and CPP Investment Board Private Holdings (5), Inc. ("CPPIB-PH(5)"), and a direct wholly-owned subsidiary of CPP Investment Board Private Holdings (6), Inc. ("CPPIB-PH(6)"). CPPIB Parent is the parent company of. CPPIB-PH(5), CPPIB-PH(6) and CPPIB Monroe. Because of the relationships among CPPIB Parent, CPPIB-PH(5), CPPIB-PH(6) and CPPIB Monroe, each of the reporting persons may be deemed to beneficially own the securities reported herein.

Remarks:

Exhibit 99.1 (Joint Filer Information and Signatures) is hereby incorporated herein by reference.

	See Exhibit 99.1	07/08/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

Why did CPPIB file Form 3 for Bunge Global SA (BG)?

Crossing the 10 % ownership threshold on 07/02/2025 made CPPIB an insider, requiring this initial disclosure.

How many BG shares does CPPIB own?

The filing reports 26,244,732 registered shares, held indirectly via CPPIB Monroe Canada Inc.

Are any derivative securities involved?

No. Table II shows no derivative securities owned by the reporting persons.

Is the ownership direct or indirect?

Ownership is indirect; the shares are held directly by CPPIB Monroe, a wholly-owned subsidiary within the CPPIB structure.

Does this filing affect BG’s earnings or guidance?

No financial or operational information is provided—this is purely an ownership disclosure with no impact on earnings guidance.