Institutional Filing: State Street Reports 16.6M FOXA Shares (7.8%)
Rhea-AI Filing Summary
State Street Corporation reports ownership of 16,600,833 shares of Fox Corporation common stock, equal to 7.8% of the class on a Schedule 13G. The filing shows shared voting power on 12,210,257 shares and shared dispositive power on 16,584,700 shares, with no sole voting or dispositive power reported.
Item 7 identifies multiple State Street Global Advisors subsidiaries as the entities through which the position is held, and Item 10 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
- Reported ownership of 16,600,833 shares (7.8% of class) which exceeds the 5% disclosure threshold
- Item 10 certification states holdings are in the ordinary course of business and not for the purpose of changing control
Negative
- None.
Insights
TL;DR: State Street discloses a passive, >5% institutional stake in Fox with shared voting and dispositive authority.
The Schedule 13G reports a sizable institutional position of 16,600,833 shares representing 7.8% of Fox common stock, with shared voting power on 12,210,257 shares and shared dispositive power on 16,584,700 shares. The filing is consistent with passive ownership: Item 10 explicitly states the holdings are held in the ordinary course of business and not to influence control. The position is aggregated across several State Street Global Advisors entities listed in Item 7, indicating a multi-entity asset management structure behind the disclosed stake.
TL;DR: Large passive stake disclosed across SSGA affiliates; filing affirms no intent to seek control.
The document classifies the filer as a holding company type and identifies specific State Street Global Advisors subsidiaries as the holders of record, which suggests centralized management of client assets distributed across advisory entities. The certification in Item 10 that the position is not intended to change or influence control clarifies the filer is reporting under the passive Schedule 13G framework rather than an active Schedule 13D. From a governance viewpoint, this filing provides transparency on significant institutional ownership without signalling activist intent.