T. Rowe Price (NASDAQ: CRNX) reports 5.1% holding in Crinetics
Rhea-AI Filing Summary
T. Rowe Price Associates, Inc. filed an amendment reporting beneficial ownership of 5,355,011 shares of Crinetics Pharmaceuticals common stock, representing 5.1% of the class. The filing lists sole voting power over 5,352,428 shares and sole dispositive power over 5,355,011 shares. The filing also includes a declarative statement denying beneficial ownership.
Positive
- None.
Negative
- None.
Insights
Large passive holding reported: 5.1% stake in CRNX.
T. Rowe Price Associates, Inc. is shown holding 5,355,011 shares with sole voting and dispositive powers specified in the amendment. The position meets the technical Schedule 13G/A disclosure threshold for large passive investors.
Timing and trading intent are not stated; subsequent filings could clarify whether this is passive or active ownership.
Amendment documents ownership and includes an ownership denial clause.
The amendment records precise vote/dispositive counts and includes a sentence that the filer "expressly denied" beneficial ownership. That language is a filing-level assertion and may reflect internal attribution or contract structures.
Regulatory implications depend on the underlying arrangements; any change in status would trigger further reporting obligations.
Key Figures
Key Terms
Schedule 13G/A regulatory
beneficial ownership regulatory
CUSIP financial
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