Schedule 13G/A: Kayne Anderson Holds 5.655M Holley Shares (4.7%)
Rhea-AI Filing Summary
Kayne Anderson Rudnick Investment Management, LLC reports beneficial ownership of 5,655,361 Holley Inc ordinary shares, representing 4.7% of the class. The filing breaks down authority as sole voting power 1,733,164, shared voting power 3,807,769, sole dispositive power 1,847,592, and shared dispositive power 3,807,769.
The filer is identified as an investment adviser (IA) organized in California and certifies the securities were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.
Positive
- Clear disclosure of beneficial ownership: 5,655,361 shares representing 4.7% of Holley ordinary shares
- Detailed breakdown of voting and dispositive powers: sole voting 1,733,164, shared voting 3,807,769, sole dispositive 1,847,592, shared dispositive 3,807,769
- Filer classification listed as an investment adviser (IA) organized in California and includes a certification that holdings were acquired in the ordinary course of business
Negative
- None.
Insights
TL;DR A sub-5% position with detailed voting/dispositive breakdown; filing limits material market impact per its certification.
The filing discloses an aggregate stake of 5,655,361 shares (4.7%), below a 5% threshold that typically limits immediate market-moving implications. The split between sole and shared voting/dispositive power is explicitly stated, showing the firm retains substantial shared control over disposition and voting for a portion of the stake. The certification that holdings were acquired in the ordinary course and not to influence control is material to interpretation of intent and investor signaling.
TL;DR Disclosure provides transparency on voting and dispositive authority; classification as an IA and the certification constrain governance concerns.
The report identifies the filer as an investment adviser and supplies precise counts for sole versus shared voting and dispositive powers. The filing’s explicit statement that the position is not held to change or influence control reduces the filing's governance risk profile. As an amended Schedule 13G filing, it documents ownership rather than activist intent, with no additional governance actions disclosed.