Capital International Investors Reports 8.73M Shares (13.8%) in BURL
Rhea-AI Filing Summary
Capital International Investors filed a Schedule 13G/A reporting beneficial ownership of 8,727,750 shares of Burlington Stores, Inc., representing 13.8% of the 63,086,660 shares the filer believes are outstanding. The filing identifies CII as a division of Capital Research and Management Company and related investment management entities that together provide investment management services under the name "Capital International Investors."
CII reports sole voting power for 8,715,044 shares and sole dispositive power for 8,727,750 shares, with no shared voting or dispositive power. The Growth Fund of America is listed as an account on whose behalf holdings are reported. The filing certifies the securities were acquired in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- Material institutional stake reported: Beneficial ownership of 8,727,750 shares, representing 13.8% of outstanding common stock.
- Clear voting/dispositive authority: Sole voting power for 8,715,044 shares and sole dispositive power for 8,727,750 shares.
- Disclosure of managing entities: Identifies Capital International Investors as a division of Capital Research and Management Company and affiliated investment management entities.
Negative
- None.
Insights
TL;DR: Institutional investor CII discloses a material 13.8% stake in Burlington with sole voting and dispositive power over its holdings.
CII's Schedule 13G/A reports a clearly material position of 8,727,750 shares, equal to 13.8% of Burlington's common stock as reported. The filing clarifies that CII exercises sole voting power over 8,715,044 shares and sole dispositive power over all reported shares, with no shared powers. This is a standard institutional disclosure of beneficial ownership; it signals a large passive holding but contains no assertion of intent to influence control.
TL;DR: The disclosure documents who holds voting and dispositive authority but shows no coordinated group or control intent.
The filing names Capital International Investors and describes its relationship with Capital Research and Management Company and affiliated investment entities, which collectively manage the disclosed position. The statement that securities were acquired in the ordinary course of business and not for the purpose of changing control is a compliance certification; the filing does not indicate any governance actions, board nominations, or group formation. For governance monitoring, the position is material and should be tracked but the filing itself is a routine institutional report.