State Street Discloses 6.8% Stake in Electronic Arts — Schedule 13G
Rhea-AI Filing Summary
State Street Corporation reports beneficial ownership of 17,074,524 shares of Electronic Arts Inc common stock, equal to 6.8% of the class. The filing shows shared voting power over 12,501,315 shares and shared dispositive power over 17,072,959 shares, with no sole voting or sole dispositive power reported. These figures represent the total holdings the reporting person discloses on this Schedule 13G.
The filing identifies the reporting person type as HC and lists multiple State Street Global Advisors affiliates as subsidiaries with classification IA. It also includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- Beneficial ownership disclosed: 17,074,524 shares of EA representing 6.8% of the class
- Detailed shared powers provided: shared dispositive power of 17,072,959 and shared voting power of 12,501,315
Negative
- No sole control: reported 0 shares of sole voting power and 0 shares of sole dispositive power
Insights
TL;DR: State Street discloses a material passive stake (6.8%) in EA with shared voting/dispositive control, signaling notable institutional ownership.
The reported 17,074,524 shares (6.8%) exceed the 5% reporting threshold and are disclosed on a Schedule 13G, indicating a passive position rather than an active control intent per the document's certification. The disparity between shared dispositive power (17,072,959) and shared voting power (12,501,315) suggests some shares are held where voting rights differ from economic exposure. For investors, this confirms sizable institutional exposure without an expressed effort to influence governance.
TL;DR: This is a material disclosure of institutional ownership but the filing explicitly states the stake is not intended to change issuer control.
The Schedule 13G lists the reporting person as type HC and names multiple State Street Global Advisors entities classified as IA, indicating holdings are managed through investment-advisory subsidiaries. The filing's certification clarifies the holdings are held in the ordinary course of business and not to influence control, which frames this disclosure as informational rather than a governance challenge.
FAQ
How many Electronic Arts (EA) shares does State Street report owning?
What percentage of EA does State Street's holding represent?
What voting and dispositive powers does State Street report for EA?
Is the Schedule 13G filing active or passive for EA?
Which State Street subsidiaries are identified as holding EA shares?