AllianceBernstein Reports 7,700-Share (0.1%) Holding in Korro Bio (KRRO)
Rhea-AI Filing Summary
AllianceBernstein L.P. reports beneficial ownership of 7,700 shares of Korro Bio Inc. common stock, representing 0.1% of the class. The filing states AllianceBernstein has sole voting and sole dispositive power over all 7,700 shares and holds the position in client discretionary investment advisory accounts for investment purposes. The filing notes AllianceBernstein is majority owned by Equitable Holdings but operates under independent management and that Equitable reports ownership separately. The statement affirms the position was not acquired to influence control of Korro Bio.
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Insights
TL;DR: A small, noncontrolling stake: 7,700 shares (0.1%), held for discretionary client accounts with sole voting and dispositive power.
The position reported is immaterial to Korro Bio’s capitalization and is unlikely to affect market dynamics or corporate control. At 0.1% ownership, this holding does not meet common materiality thresholds and should not change short-term valuation drivers. The filing clarifies voting and disposition rights, which is helpful for transparency, but investors should note this is a routine disclosure by an investment adviser rather than an activist or strategic investor move.
TL;DR: Compliance-oriented disclosure: clear statement of sole control and investment purpose, with parent-company reporting separation noted.
The Schedule 13G/A appropriately identifies AllianceBernstein as an investment adviser (type "IA") and confirms the shares are held in the ordinary course of business for discretionary accounts. The inclusion of the parent/subsidiary relationship and the separate reporting practice by Equitable Holdings aligns with SEC guidance and reduces ambiguity about aggregate beneficial ownership. This filing poses no governance or control concerns for Korro Bio given the very small stake and explicit non-control intent.