State Street reports 7.9% Fox Corp (FOX) ownership stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
State Street Corporation filed a Schedule 13G reporting a significant institutional position in Fox Corp common stock. As of the event date, it beneficially owned 16,378,788 shares, representing 7.9% of the class.
State Street reports no sole voting or dispositive power, with shared voting power over 12,256,483 shares and shared dispositive power over 16,378,216 shares. The stake is held through various State Street Global Advisors asset management subsidiaries and is certified as acquired and held in the ordinary course of business, without any intent to change or influence control of Fox Corp.
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FAQ
How much of Fox Corp (FOX) stock does State Street Corporation report owning?
State Street Corporation reports beneficial ownership of 16,378,788 Fox Corp common shares, representing 7.9% of the class. This ownership level makes State Street a significant institutional holder required to report its position on Schedule 13G under U.S. securities regulations.
Why did State Street file a Schedule 13G for Fox Corp (FOX)?
State Street filed Schedule 13G because its beneficial ownership in Fox Corp exceeded 5% of the outstanding common stock. The filing classifies the holding as being in the ordinary course of business, without a purpose or effect of changing or influencing control of the issuer.
Is State Street’s Fox Corp (FOX) position intended to influence control of the company?
No. State Street certifies the Fox Corp shares were acquired and are held in the ordinary course of business. It states they were not acquired, and are not held, to change or influence control of Fox Corp or to participate in any control-related transactions.
Which State Street subsidiaries are associated with the Fox Corp (FOX) holdings?
The filing lists multiple State Street Global Advisors entities tied to the Fox Corp position. These include SSGA Funds Management, Inc. and several regional State Street Global Advisors companies in Japan, Asia, Europe, Singapore, Australia, Saudi Arabia, and other jurisdictions acting as investment advisers.