Invesco Ltd. boosts Kodiak Gas stake to 8.8% (KGS) ownership
Rhea-AI Filing Summary
Invesco Ltd. filed an amended Schedule 13G reporting beneficial ownership of 7,593,274 shares of Kodiak Gas Services Inc. common stock, representing 8.8% of the class as of the event date. Invesco reports sole voting power over 7,350,149 shares and sole dispositive power over 7,593,274 shares.
The filing states these securities are held of record by clients of Invesco’s investment advisers, with no individual client having more than 5% economic ownership. Invesco certifies the shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Kodiak Gas Services.
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FAQ
What stake does Invesco Ltd. report in Kodiak Gas Services Inc. (KGS)?
Invesco Ltd. reports beneficial ownership of 7,593,274 Kodiak Gas Services common shares, representing 8.8% of the outstanding class. These shares are held for clients of Invesco’s investment advisers, giving Invesco a significant institutional holder position without direct 5% economic ownership by any single client.
Which Invesco subsidiaries are associated with the Kodiak Gas Services (KGS) holdings?
The Schedule 13G identifies Invesco Advisers, Inc. and Invesco Capital Management LLC as subsidiaries related to the reported holdings. Invesco Ltd. files as a parent holding company, with these subsidiaries acting as investment advisers that manage the Kodiak Gas Services shares for their clients.
What type of reporting person is Invesco Ltd. in this Kodiak Gas Services filing?
Invesco Ltd. classifies itself as an HC (parent holding company or control person) in the ownership table. This reflects its role overseeing investment adviser subsidiaries that actually hold Kodiak Gas Services shares for underlying fund shareholders and other clients, rather than owning the shares directly for its own account.