Schedule 13G/A: Kayne Anderson Rudnick Reports 6.74M Shares in Moelis
Rhea-AI Filing Summary
Kayne Anderson Rudnick Investment Management, LLC disclosed beneficial ownership of 6,739,477 Moelis & Co. Class A shares, representing 9.1% of the class. The filing breaks down the firm's control: sole voting power over 4,785,038 shares, shared voting power over 1,358,173 shares, sole dispositive power over 5,381,304 shares and shared dispositive power over 1,358,173 shares. The statement also certifies these securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The disclosure clarifies the size and nature of a material, long position in Moelis & Co.
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Insights
TL;DR: Kayne Anderson Rudnick holds a material 9.1% economic stake with more dispositive than voting power, a notable ownership position.
The Schedule 13G/A reports an aggregate beneficial ownership of 6,739,477 shares (9.1%). The split between sole and shared powers shows the firm has sole dispositive authority for 5,381,304 shares but sole voting for a smaller block of 4,785,038 shares, indicating the adviser can direct sales for a larger portion than it can unilaterally vote. This level of ownership is material for capitalization and shareholder base analysis and should be incorporated into any cap table or investor-concentration review.
TL;DR: A registered investment adviser discloses a >5% stake and certifies holdings are in the ordinary course, fulfilling regulatory transparency requirements.
The filer identifies itself as an investment adviser and provides the statutory ownership breakdown required by Schedule 13G/A. The certification that the securities are held in the ordinary course of business and not to influence control is significant for governance assessment because it clarifies intent under the securities rules. For directors and governance officers, this filing supplies verifiable data on a material passive investor.