[SCHEDULE 13G/A] Crown Castle Inc. SEC Filing
Cohen & Steers and its affiliates report a combined beneficial ownership of 30,756,251 shares of Crown Castle Inc. common stock, representing 7.06% of the class. The filing breaks the holdings down by entity: Cohen & Steers, Inc. reports 25,712,612 shares with sole voting power and 30,756,251 shares with sole dispositive power; Cohen & Steers Capital Management, Inc. reports 25,548,777 shares with sole voting power and 30,485,158 shares with sole dispositive power. Cohen & Steers UK Ltd holds 237,313 shares (0.05%) and Cohen & Steers Ireland Ltd holds 33,780 shares (0.01%); Cohen & Steers Asia Ltd reports no holdings. The filers state the securities are held in the ordinary course of business and were not acquired to change or influence control, consistent with a passive Schedule 13G/A filing.
- Combined 30,756,251 shares (7.06%) reported, indicating a substantial beneficial ownership stake.
- Filing explicitly states holdings are held in the ordinary course and not to influence control, consistent with a passive Schedule 13G/A disclosure.
- Affiliate-level breakdown clarifies voting and dispositive power across Cohen & Steers entities.
- None.
Insights
TL;DR: Cohen & Steers reports a passive 7.06% stake in CCI across multiple entities; no intent to influence control is declared.
The report documents a material passive position: 30,756,251 shares (7.06%) beneficially owned in total. The largest positions are reported by Cohen & Steers, Inc. and Cohen & Steers Capital Management, Inc., each showing substantial sole voting and dispositive power numbers, while UK and Ireland affiliates hold small, single-digit fractional percentages. Item 10 explicitly certifies ordinary-course, non-control intent, which is important for investor interpretation: despite size, the filer characterizes the position as passive rather than an activist or control-seeking stake.
TL;DR: Aggregate holdings of ~30.8M CCI shares indicate significant client exposure but are presented as passive across Cohen & Steers entities.
The filing provides a clear affiliate-level allocation of holdings and separates voting from dispositive power, which helps assess the degree of actual control. The presence of multiple registered affiliates and the parent-company relationship are documented, with Cohen & Steers, Inc. holding a 100% interest in the listed subsidiaries. For portfolio construction and monitoring, the disclosed percentages (7.06% aggregate; 7.00% for one affiliate) are material inputs but the passive declaration limits near-term corporate-governance implications.