BofA and affiliates hold 8.68M shares (4.9%) of DigitalBridge (DBRG)
Rhea-AI Filing Summary
Bank of America Corporation reports beneficial ownership of 8,678,894 shares of DigitalBridge Group, Inc. (DBRG) Class A common stock, representing 4.9% of the class. The filing discloses no sole voting or dispositive power and material shared voting power (8,548,765) and shared dispositive power (8,576,622).
The statement is filed on behalf of Bank of America and certain wholly owned subsidiaries, including BofA Securities, Bank of America N.A., Merrill Lynch Pierce Fenner & Smith, Inc., and Merrill Lynch International. The reporting person is classified as HC. The filing certifies the securities are held in the ordinary course of business and were not acquired to influence control of the issuer.
Positive
- None.
Negative
- None.
Insights
TL;DR: Institutional stake of 4.9% disclosed; below 5% threshold and declared held in ordinary course, so limited immediate market-moving implications.
Bank of America reports beneficial ownership of 8,678,894 shares (4.9%). The breakdown shows zero sole voting/dispositive power and substantial shared voting/dispositive positions, indicating the stake is held collectively across BofA entities rather than under direct sole control. Because the filing explicitly states the holdings are not intended to influence control, this disclosure reads as routine institutional ownership rather than an activist or control-oriented position. For most investors, this is informational about institutional interest but not a catalyst for governance change.
TL;DR: Shared voting power is sizable but no sole authority; certification confirms no intent to change issuer control.
The report identifies shared voting power of 8,548,765 and shared dispositive power of 8,576,622, with no sole powers. It is filed on behalf of Bank of America and named subsidiaries and includes the certification that the securities are held in the ordinary course and not to influence control. From a governance perspective, the filing signals coordinated institutional holdings without an expressed pursuit of board influence or control transactions, making this a non-aggressive disclosure under disclosure rules.