Victory Capital discloses 6.42% BJ's Wholesale (BJ) stake in amended 13G
Rhea-AI Filing Summary
Victory Capital Management, Inc. filed an amended Schedule 13G reporting beneficial ownership of 8,399,786 shares of BJ's Wholesale Club Holdings, Inc. common stock, representing 6.42% of the class as of the stated event date.
Victory Capital reports sole voting power over 8,391,205 shares and sole dispositive power over 8,399,786 shares, with no shared voting or dispositive power. It certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control.
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FAQ
What ownership stake in BJ (BJ's Wholesale Club) does Victory Capital report?
Victory Capital Management reports beneficial ownership of 8,399,786 shares of BJ's Wholesale Club common stock, representing 6.42% of the outstanding class. The firm also reports sole voting power over 8,391,205 shares and sole dispositive power over all 8,399,786 shares.
Is Victory Capital seeking to influence control of BJ (BJ's Wholesale Club)?
Victory Capital certifies the BJ shares were acquired and are held in the ordinary course of business, not to change or influence control. It further states the holdings are not connected with any transaction intended to affect control, other than activities tied to a nomination under Rule 240.14a-11.
What type of filing did Victory Capital make for its BJ holdings?
Victory Capital filed an Amendment No. 1 to Schedule 13G/A for BJ's Wholesale Club. This short-form filing is typically used by certain institutional investors to report passive ownership stakes exceeding 5% when securities are held for investment rather than control purposes.
Why did Victory Capital file an amended Schedule 13G for BJ?
The document is labeled Amendment No. 1 to Schedule 13G for BJ's Wholesale Club, reflecting an updated disclosure of Victory Capital’s beneficial ownership. Amendments are typically filed when ownership levels or other reportable details change from a prior Schedule 13G submission.