Schedule 13G: State Street discloses 10.9M LYV shares (4.7%)
Rhea-AI Filing Summary
State Street Corporation filed a Schedule 13G reporting its holdings in Live Nation Entertainment Inc. (LYV). The filing discloses beneficial ownership of 10,915,144 shares, equal to 4.7% of the outstanding common stock, with shared voting power on 8,191,530 shares and shared dispositive power on 10,914,605 shares. The statement specifies the securities are held in the ordinary course of business and were not acquired to change or influence control.
Filing details: The event date reported is 06/30/2025 and the Schedule is signed by Elizabeth Schaefer, Senior Vice President and Chief Accounting Officer, on 08/08/2025. Several State Street Global Advisors subsidiaries are identified as investment advisers associated with these holdings.
Positive
- Clear institutional disclosure: Beneficial ownership of 10,915,144 shares (4.7% of class) is fully reported.
- Ordinary-course certification: Filing states holdings were not acquired to influence control, clarifying intent.
Negative
- Stake remains under 5%: Reported ownership of 4.7% does not cross common activist/material thresholds.
- No sole voting or dispositive power: Sole voting power and sole dispositive power are reported as 0.
Insights
Institutional disclosure: a 4.7% beneficial stake in Live Nation with shared control; below 5% reporting threshold for certain concerns.
The filing reports an institutional position of 10,915,144 shares representing 4.7% of LYV and shows shared voting power of 8,191,530 and shared dispositive power of 10,914,605. The filer certifies the holdings are in the ordinary course of business and not intended to influence control. For investors, this is a clear disclosure of a meaningful institutional stake but, because it remains below 5%, it is unlikely to trigger mandatory activist-style reporting thresholds or immediate governance changes based solely on this filing.
Passive/advisory posture: holdings reported as ordinary-course and across State Street advisory subsidiaries, with no claim of control intent.
The Schedule identifies multiple State Street Global Advisors entities as the relevant advisers and classifies the reporting person as a holding company. The signature includes a certification that the securities were not acquired to change or influence control. The combination of shared voting/dispositive power and the explicit ordinary-course statement suggests these are advisory or custodial positions managed across funds rather than an activist stake.