[SCHEDULE 13G] General Motors Company SEC Filing
State Street Corporation reported a material, passive stake in General Motors common stock by filing a Schedule 13G. The filing discloses beneficial ownership of 48,706,138 shares, representing 5.1% of the class. State Street reports no sole voting or dispositive power; instead it reports shared voting power of 29,709,894 shares and shared dispositive power of 48,699,838 shares. The filing identifies multiple State Street Global Advisors subsidiaries as the acquiring/manager entities and classifies the filer as a parent holding company. The filing also certifies the holdings are held in the ordinary course of business and not to influence control of the issuer.
- Beneficial ownership of 48,706,138 shares is explicitly reported, representing 5.1% of GM's common stock
- Holdings are disclosed as passive on Schedule 13G with a certification they were acquired in the ordinary course of business
- No sole voting power or sole dispositive power reported (0 shares)
- Shared voting power is limited to 29,709,894 shares, indicating the filer does not claim unilateral control
Insights
TL;DR: State Street holds a material, passive 5.1% stake in GM with shared voting influence but no sole control.
The Schedule 13G discloses 48,706,138 shares (5.1%) beneficially owned by State Street, with shared voting power of 29,709,894 and shared dispositive power of 48,699,838. The filing is a passive disclosure under Schedule 13G and includes a certification that the position was not acquired to change or influence control. For investors, this represents significant institutional ownership without an announced activist intent; the position may reflect index or asset-management activity rather than a strategic engagement with management.
TL;DR: Institutional ownership is sizable but appears non-control in nature; governance effects are possible only through coordinated shareholder actions.
State Street is identified as a parent holding company with multiple SSGA subsidiaries listed as relevant managers. The reported structure shows shared voting rather than sole voting authority, and the filer affirms passive intent. While a >5% stake is material and grants the holder visibility with corporate governance matters, the filing provides no indication of attempts to influence board composition or corporate policy.