[SCHEDULE 13G/A] Concentrix Corporation SEC Filing
Rhea-AI Filing Summary
AQR Capital Management, LLC and its parent AQR Capital Management Holdings, LLC report shared beneficial ownership of 4,305,469 shares of Concentrix common stock, representing 6.83% of the class. Both entities disclose shared voting and shared dispositive power over these shares and report no sole voting or sole dispositive power.
The filing states the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. AQR Capital Management, LLC is identified as a wholly owned subsidiary of AQR Capital Management Holdings, LLC.
Positive
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Negative
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Insights
TL;DR: AQR holds a material 6.83% position in Concentrix with shared control; filer asserts passive, ordinary-course ownership.
The reported 4,305,469-share stake crosses the 5% materiality threshold that typically warrants investor attention. The filing shows only shared voting and dispositive power and includes a certification that the position was not acquired to influence control, consistent with a passive institutional holding disclosed on Schedule 13G. For investors, the key near-term implication is increased ownership concentration by a major asset manager but without an explicit activist intent.
TL;DR: AQR's 6.83% stake gives it potential influence but the filing shows shared power and denies control-seeking intent.
The filing documents shared voting and dispositive power rather than sole control, and the signatory certifies the holdings are not intended to effect a change in control. The parent/subsidiary relationship between the two reporting entities is disclosed, clarifying internal reporting. From a governance perspective, this is a material ownership disclosure that does not, on its face, signal an imminent governance campaign.