State Street (IOVA institutional holder) reports 5.1% passive stake in Iovance
Rhea-AI Filing Summary
State Street Corporation has filed a Schedule 13G reporting beneficial ownership of common stock of IOVANCE BIOTHERAPEUTICS INC as of 12/31/2025. State Street reports beneficial ownership of 20,161,445 shares, representing 5.1% of the company’s common stock.
State Street reports no sole voting or dispositive power, with 19,204,365 shares subject to shared voting power and 20,161,445 shares subject to shared dispositive power. Subsidiaries involved include SSGA Funds Management and various State Street Global Advisors entities. State Street certifies the holdings are in the ordinary course of business and not for changing or influencing control of Iovance.
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FAQ
What stake does State Street Corporation report in IOVA common stock?
State Street Corporation reports beneficial ownership of 20,161,445 Iovance Biotherapeutics (IOVA) common shares, representing 5.1% of the class as of 12/31/2025. This reflects a large institutional position disclosed on Schedule 13G as a passive ownership filing.
Does State Street control the disposition of its IOVA holdings?
State Street reports no sole dispositive power and 20,161,445 IOVA shares with shared dispositive power. Dispositive power refers to authority over selling or otherwise disposing of shares, which here is shared among State Street’s asset management subsidiaries.
Is State Street’s IOVA position intended to influence corporate control?
State Street certifies the IOVA securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing states the holdings are not connected with any control-related transaction, other than certain nomination-related activities allowed under regulations.
Which State Street subsidiaries are associated with the IOVA holdings?
Subsidiaries listed include SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, State Street Global Advisors Limited, State Street Global Advisors Trust Company, and State Street Global Advisors, Ltd.. These entities manage assets that include IOVA shares reported in this filing.
What triggered State Street’s Schedule 13G filing for Iovance Biotherapeutics?
The Schedule 13G is tied to a 12/31/2025 event date, when State Street’s beneficial ownership reached or exceeded the 5% threshold in Iovance Biotherapeutics common stock. Crossing this threshold requires disclosure of ownership, voting power, and dispositive power under SEC rules.