Hyperion reports 9.14% passive stake in Life360 (LIF) common stock holding
Rhea-AI Filing Summary
Hyperion Asset Management Limited filed a Schedule 13G reporting a significant passive ownership stake in Life360, Inc. common stock.
The firm reports beneficial ownership of 7,167,533 Life360 common shares, representing 9.14% of the class as of the event date. Hyperion has sole power to vote and dispose of all these shares, with no shared voting or dispositive power.
Hyperion states the securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Life360, indicating a passive institutional investment position.
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Insights
Institutional investor discloses a 9.14% passive stake in Life360.
Hyperion Asset Management Limited reports owning 7,167,533 shares of Life360 common stock, equal to 9.14% of the outstanding class. The firm holds sole voting and dispositive power over all these shares, which means it alone can vote and decide when to sell them.
The filing is made on Schedule 13G, which is used for passive investors rather than activists. Hyperion certifies the position was acquired and is held in the ordinary course of business and not to change or influence control of Life360. That language points to a standard institutional holding rather than a control-seeking strategy.
For investors, this disclosure confirms that a non-U.S. investment adviser based in Australia has built a sizable, but passive, stake in Life360. Any future change from a 13G (passive) to a 13D (active) filing would signal a shift in intent, but this document itself reflects ordinary-course ownership.