Nomura Reports 5.95M Shares of HOUS; NGFP Holds 5.63M
Rhea-AI Filing Summary
Nomura Holdings and affiliate report a passive stake in Anywhere Real Estate (HOUS). The filing shows Nomura Holdings, through Nomura Global Financial Products, Inc. (NGFP) and Nomura Securities International, Inc. (NSI), beneficially owns 5,953,281 shares of Anywhere Real Estate common stock, representing 5.3% of the outstanding class based on 111,993,989 shares outstanding as of June 30, 2025. Of the total, NGFP holds 5,631,393 shares and NSI holds 21,888 shares plus 300,000 call-option shares exercisable within 60 days. All reported holdings are shared voting and dispositive power; no sole voting or dispositive power is claimed. The filing includes standard certifications and exhibits identifying subsidiaries and a joint filing agreement.
Positive
- Transparent disclosure of beneficial ownership above the 5% SEC reporting threshold
- Breakout of holdings by subsidiary (NGFP: 5,631,393; NSI: 21,888 plus 300,000 call-option shares)
- Includes options exercisable within 60 days in the ownership calculation, aligning with reporting rules
- Filing certifies passive intent (held in ordinary course of business, not to influence control)
Negative
- No sole voting or dispositive power reported, indicating Nomura does not claim direct control
- Filing does not specify any intent or future plans beyond ordinary-course holding (no additional strategic detail)
Insights
TL;DR: Nomura reports a >5% passive stake in HOUS via subsidiaries, using shared voting/dispositive arrangements.
Nomura's aggregated 5.3% position crosses the SEC 5% reporting threshold, triggering Schedule 13G disclosure. The position is held through NGFP and NSI, with 300,000 shares represented by call options exercisable within 60 days, which are properly included in the beneficial ownership calculation. Shared voting/dispositive power indicates the parent does not claim exclusive control, consistent with a passive investor posture claimed under Schedule 13G. The filing cites the issuer's outstanding share count used for percent calculation and attaches exhibits identifying subsidiary filers and a joint filing agreement.
TL;DR: Disclosure is complete for a passive investor; absence of sole power reduces control concerns.
The Schedule 13G/A clearly attributes holdings to Nomura Holdings via two wholly owned subsidiaries and confirms shared voting and dispositive authority across 5,953,281 shares. This structure and the explicit certification that the stake is held in the ordinary course of business support the filer’s classification as a passive owner rather than an activist or control-seeking investor. Exhibits A and B provide the expected supporting documentation identifying the joint filing arrangement and subsidiaries. No additional governance actions or intentions are disclosed.