CRGI reports 5.8% ownership of Halliburton common stock
Rhea-AI Filing Summary
Capital Research Global Investors (CRGI) reports beneficial ownership of 50,061,312 shares of Halliburton common stock, representing 5.8% of the shares believed to be outstanding. CRGI states it has sole voting power over 50,061,245 shares and sole dispositive power over 50,061,312 shares. The filing identifies CRGI as an investment management division of Capital Research and Management Company and affiliated entities that provide investment services under the name Capital Research Global Investors. The statement affirms these shares were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.
Positive
- Beneficial ownership disclosed: 50,061,312 shares, representing 5.8% of outstanding common stock.
- Sole voting and dispositive power: CRGI reports sole voting power over 50,061,245 shares and sole dispositive power over 50,061,312 shares.
- Passive intent declared: Filing certifies holdings are in the ordinary course of business and not for changing or influencing control.
- Institutional filer: CRGI is identified as an investment adviser and a division of Capital Research and Management Company with affiliated entities.
Negative
- None.
Insights
TL;DR: Institutional investor holds a material 5.8% stake but reports passive intent; voting and dispositive power largely aligned with holdings.
CRGI discloses ownership of 50,061,312 shares (5.8%), crossing the 5% Schedule 13G threshold that requires public reporting. Reported sole voting power of 50,061,245 and sole dispositive power of 50,061,312 indicate operational control of the economic interests in the position. The filing classifies CRGI as an investment adviser and explicitly states the position is held in the ordinary course of business and not to influence control, consistent with a passive institutional holding.
TL;DR: Disclosure shows a significant passive stake with near-complete sole voting/dispositive authority, signalling institutional influence without active control intent.
The schedule identifies CRGI as a division of Capital Research and Management Company and affiliated investment entities, collectively reporting the stake. While the holder reports sole voting and dispositive powers over virtually all reported shares, the certification in the filing that the shares are not held to change or influence control is material for governance considerations. This positions CRGI as a sizable, passive shareholder whose voting capacity could be relevant in governance matters despite no declared control intent.