BOA and Subsidiaries Report 7.34M Fluence Shares as Passive Holding
Rhea-AI Filing Summary
Fluence Energy Class A filing shows Bank of America Corporation beneficially owns 7,341,149 shares, representing 5.6% of the outstanding class. The filing reports shared voting power of 7,300,070 shares and shared dispositive power of 7,341,149 shares, with no sole voting or dispositive power disclosed.
Bank of America filed on behalf of itself and its wholly owned subsidiaries, including BofA Securities, Bank of America N.A., Merrill Lynch Pierce Fenner & Smith and Merrill Lynch International. The statement certifies the securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- Material disclosure of beneficial ownership: Bank of America reports 7,341,149 shares (5.6%), meeting SEC reporting thresholds
- Consolidated filing identifies Bank of America and specific wholly owned subsidiaries, providing clarity on which entities hold the position
Negative
- No sole voting or dispositive power reported, indicating the filer does not exercise exclusive control over the shares
- Shared voting power suggests influence is distributed across multiple entities rather than centralized in a single decision-maker
Insights
TL;DR: A material >5% institutional stake is disclosed; holdings are shared across Bank of America entities and reported as passive.
The filing documents a beneficial ownership of 7,341,149 Class A shares, equal to 5.6% of the class, with no sole voting or dispositive power. Bank of America reports shared voting power of 7,300,070 and shared dispositive power of 7,341,149. This is a formal disclosure of material ownership by a large financial institution and is filed on behalf of both the parent and specified wholly owned subsidiaries.
TL;DR: Parent holding company filing lists multiple subsidiaries; control remains distributed with shared powers and a certification of passive intent.
The schedule is submitted by Bank of America Corporation and names its subsidiaries that hold or acquired the securities, including broker-dealers and a bank entity. The filing explicitly states the shares are held in the ordinary course of business and not to influence control of the issuer, and it shows no sole voting or dispositive authority by the filer.