Institutional Holders Disclose 7.6% and 5.4% Positions in Peabody Energy
Rhea-AI Filing Summary
SSGA Funds Management, Inc. and State Street Corporation filed a Schedule 13G disclosing significant passive holdings in Peabody Energy Corp. State Street reports beneficial ownership of 9,208,031 shares (7.6% of the class), with shared voting power of 9,030,160 and shared dispositive power of 9,208,031. SSGA Funds Management reports beneficial ownership of 6,550,661 shares (5.4% of the class), with shared voting power of 6,534,061 and shared dispositive power of 6,550,661.
The filing classifies SSGA entities as investment advisers and State Street as a holding company and includes the standard certification that the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- State Street Corporation reports 9,208,031 shares (7.6%) beneficially owned, indicating material institutional interest.
- SSGA Funds Management, Inc. reports 6,550,661 shares (5.4%), meeting the 5% reporting threshold and showing significant advisory-managed exposure.
Negative
- None.
Insights
TL;DR: Large institutional positions disclosed; holdings exceed 5% threshold and are disclosed as passive.
The Schedule 13G shows two related State Street reporting persons holding material stakes in Peabody Energy: State Street Corporation at 9,208,031 shares (7.6%) and SSGA Funds Management, Inc. at 6,550,661 shares (5.4%). Both report zero sole voting or dispositive power and significant shared voting/dispositive powers, consistent with pooled or advisory holdings. This is a routine institutional disclosure indicating sizeable passive ownership without an intent to influence control, which is informative for ownership concentration analysis but not an operational development.
TL;DR: Disclosure signals meaningful institutional ownership but affirms no control intent.
The filing identifies State Street entities as a holding company and SSGA entities as investment advisers, and lists multiple SSGA subsidiaries involved in the holdings. The reporting shows shared voting and dispositive powers, not sole control, and includes the certification that holdings are ordinary-course, not intended to change control. For governance, this confirms concentrated institutional ownership that may influence monitoring pressure, yet the filing explicitly disclaims activist intent.
FAQ
What stake does SSGA Funds Management, Inc. report in BTU?
Are the holdings reported as intended to influence control of Peabody Energy (BTU)?
How are the reporting persons classified in the filing?
What voting and dispositive power numbers are reported for State Street?