[SCHEDULE 13G/A] New Fortress Energy Inc. SEC Filing
Schedule 13G disclosure by Capital World Investors reports a passive stake in New Fortress Energy. The filing shows CWI beneficially owns 6,806,969 shares, equal to 2.5% of the 274,198,296 shares believed outstanding. CWI reports sole voting power of 6,766,372 shares and sole dispositive power of 6,806,969. The statement classifies the holding as passive (ownership of 5% or less) and includes a certification that the shares were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.
- Capital World Investors discloses beneficial ownership of 6,806,969 NFE shares (2.5%).
- Filing includes certification that holdings were acquired in the ordinary course and not to influence control.
- None.
Insights
TL;DR: Capital World Investors reports a passive 2.5% stake (6.8M shares) in NFE, a routine disclosure below control thresholds.
The Schedule 13G shows CWI beneficially owns 6,806,969 shares of New Fortress Energy, representing 2.5% of the 274,198,296 shares believed outstanding. Voting and dispositive power are reported as sole for essentially the same amount, indicating centralized decision authority within the reporting entity. Because the filing is a 13G and Item 5 confirms ownership of 5% or less, this is a passive disclosure rather than an active bid for control. Material market impact is limited based on the disclosed percentages alone.
TL;DR: Filing signals passive ownership with explicit certification that shares are not held to influence control.
The document identifies Capital World Investors as the reporting person and clarifies the organizational structure of related investment management entities. Item 10 contains the required certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Items regarding group membership, parent/subsidiary acquisition, and dissolution of any group are marked as not applicable, reinforcing this as a routine disclosure under Rule 13d-1.