Schedule 13G/A: MAAL holds 957,130 shares (2.7%) of MEG
Rhea-AI Filing Summary
Managed Account Advisors, LLC reports a beneficial ownership position in Montrose Environmental Group, Inc. of 957,130 shares, representing 2.7% of the outstanding common stock. The filing identifies the reporting person as an investment adviser (IA).
Voting power is reported as zero for both sole and shared voting, while dispositive authority is split between 650,711 shares with sole dispositive power and 306,419 shares with shared dispositive power. The filing states the securities are held in the ordinary course of business and not for the purpose of changing or influencing control.
Positive
- None.
Negative
- None.
Insights
TL;DR: 2.7% beneficial stake reported; no voting control, classified as an investment adviser.
The filing shows Managed Account Advisors beneficially owns 957,130 shares (2.7%). The report lists 0 sole and shared voting power but discloses sole and shared dispositive powers of 650,711 and 306,419 shares respectively. As an IA-class filing, this documents ownership and disposition rights rather than an intent to influence corporate control. The position is below typical 5% material thresholds and is presented as held in the ordinary course of business.
TL;DR: No voting authority reported; the adviser holds disposal rights but limited governance influence.
The statement clearly records no voting power associated with the reported holdings, while dispositional authority is split between sole and shared powers. That structure implies the filer can direct disposition of shares but does not claim voting control. The certification that holdings are not intended to affect control reinforces the filing's passive posture from a governance perspective.