Capital World Investors discloses 6.5% monday.com (MNDY) ownership stake
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G
Rhea-AI Filing Summary
Capital World Investors has filed a Schedule 13G showing a significant minority stake in monday.com Ltd. common stock. The firm reports beneficial ownership of 3,286,461 shares, representing 6.5% of the class, based on 50,773,337 shares believed outstanding.
Capital World Investors, a division of Capital Research and Management Company and related investment management entities, has sole voting and sole dispositive power over these shares, with no shared voting or dispositive power. The securities are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of monday.com.
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FAQ
What stake does Capital World Investors report in monday.com (MNDY)?
Capital World Investors reports beneficial ownership of 3,286,461 monday.com common shares, representing 6.5% of the class. This percentage is calculated against 50,773,337 shares believed outstanding, indicating a meaningful but non-controlling institutional position in the company.
What type of filing did Capital World Investors submit for monday.com (MNDY)?
Capital World Investors submitted a Schedule 13G, used for passive ownership of more than 5% of a company’s stock. It indicates an institutional stake in monday.com held in the ordinary course, rather than for influencing or changing corporate control.
Is Capital World Investors seeking to influence control of monday.com (MNDY)?
The filing specifically certifies the shares were acquired and are held in the ordinary course of business, not for changing or influencing control of monday.com. It also notes they are not held in connection with any control-related transaction or similar arrangement.