Schedule 13G/A: Artisan Discloses 7,184,870 ICON Shares (9.0%)
Rhea-AI Filing Summary
Artisan Partners filed Amendment No. 1 to a Schedule 13G reporting a beneficial ownership position in ICON plc Ordinary Shares (CUSIP G4705A100). The filing discloses ownership of 7,184,870 shares, equal to 9.0% of the class based on 79,483,795 shares outstanding as of 06/05/2025. The reporting group reports no sole voting or dispositive power, shared voting power of 6,946,790 and shared dispositive power of 7,184,870.
The statement notes that 5,518,132 of the shares are held on behalf of Artisan Funds and that the shares were acquired on behalf of discretionary clients of Artisan Partners Limited Partnership. The filing certifies the holdings are in the ordinary course of business and not intended to change control and is signed by Gregory K. Ramirez. A joint filing agreement is included as an exhibit.
Positive
- Material disclosure: Reports 7,184,870 shares, representing 9.0% of ICON plc based on 79,483,795 shares outstanding.
- Detailed power breakdown: Filing specifies shared voting power (6,946,790) and shared dispositive power (7,184,870) with no sole powers.
- Client transparency: Identifies that 5,518,132 shares are held on behalf of Artisan Funds and that shares were acquired for discretionary clients.
- Certification and documentation: Filed as Amendment No. 1, signed by Gregory K. Ramirez, and includes a joint filing agreement exhibit.
Negative
- None.
Insights
TL;DR: Artisan Partners discloses a material passive stake of 9.0% (7.18M shares) in ICON plc; disclosure is informational, not a control move.
The Schedule 13G/A reports a meaningful institutional holding at 9.0% of ICON plc based on 79,483,795 shares outstanding. The breakdown between shared voting power (6,946,790) and shared dispositive power (7,184,870) indicates collective decision-making authority rather than sole control. The filing specifies that significant shares (5,518,132) are held on behalf of Artisan Funds and that the position is held for discretionary clients, underscoring an investment-management, passive posture. For investors, this is material ownership information but not a governance action.
TL;DR: The filing shows institutional influence potential through shared voting power, but the signatories certify the stake is passive and not aimed at changing control.
The document provides clear governance-relevant facts: a 9.0% beneficial ownership stake with no sole voting or dispositive power and a shared voting allocation of 6,946,790. The certification language and use of Schedule 13G (rather than 13D) are consistent with a passive investor disclosure. The inclusion of a joint filing agreement and explicit identification of client-held shares clarifies the reporting structure. This increases transparency about who holds economic and voting rights without indicating any active governance campaign.