SSGA and State Street Disclose 11.5% Combined Stake in 908 Devices
Rhea-AI Filing Summary
SSGA Funds Management, Inc. and State Street Corporation reported beneficial ownership of 908 Devices Inc. common stock. State Street disclosed 2,286,634 shares (6.4% of the class) and SSGA Funds Management disclosed 1,839,877 shares (5.1% of the class). Both reporting persons indicate no sole voting or dispositive power and instead report substantial shared voting and shared dispositive powers (State Street: 2,255,847 shared votes; SSGA: 1,834,577 shared votes). Filers certify these holdings were acquired in the ordinary course of business and not to change or influence control of the issuer.
Positive
- State Street Corporation disclosed a material stake of 2,286,634 shares (6.4%)
- SSGA Funds Management, Inc. disclosed a material stake of 1,839,877 shares (5.1%)
- Filers certify holdings were acquired in the ordinary course and not to influence control
Negative
- Neither reporting person reports any sole voting or sole dispositive power (both report 0 sole powers)
Insights
TL;DR: Institutional holders disclosed material passive stakes in 908 Devices without sole control, a neutral corporate-governance signal.
The filing shows two State Street entities reporting meaningful positions: State Street Corporation: 2,286,634 shares (6.4%); SSGA Funds Management, Inc.: 1,839,877 shares (5.1%). Both report 0 sole voting/dispositive power and record shared voting/dispositive authority instead, and explicitly certify the holdings were acquired in the ordinary course and not to influence control. This is a routine institutional disclosure that signals ownership concentration but not activist intent.
TL;DR: Disclosures indicate significant institutional ownership but no stated intent to exert control; monitor shared voting alignments.
The schedule identifies the reporting persons and relevant subsidiaries (e.g., SSGA Funds Management, Inc.; State Street Global Advisors Europe Limited; State Street Global Advisors Trust Company) and quantifies shared voting/dispositive powers. The certification in Item 10 states the positions were not acquired to change or influence issuer control. From a governance perspective, this is material ownership information without affirmative control claims.