First Eagle Investment Management (NOV: NOV) discloses 8.55% NOV ownership
Rhea-AI Filing Summary
First Eagle Investment Management, LLC reports beneficial ownership of NOV Inc common stock on a passive Schedule 13G/A basis. Acting as investment adviser to various clients, it is deemed to beneficially own 30,685,871.42 shares, representing 8.55% of NOV’s common stock believed to be outstanding. It holds sole voting powersole dispositive powerFirst Eagle Global Fund, a registered investment company advised by First Eagle, may be deemed to beneficially own 2,421,533 of these shares, or 5.77% of NOV’s common stock.
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Key Figures
Beneficial ownership: 30,685,871.42 shares
Percent of class: 8.55%
Sole voting power: 27,180,076 shares
+3 more
6 metrics
Beneficial ownership
30,685,871.42 shares
Shares of NOV common stock deemed beneficially owned by First Eagle Investment Management, LLC
Percent of class
8.55%
Portion of NOV common stock believed to be outstanding, attributed to First Eagle
Sole voting power
27,180,076 shares
NOV shares over which First Eagle may solely direct the vote
Sole dispositive power
30,685,871 shares
NOV shares over which First Eagle may solely direct disposition
Global Fund holdings
2,421,533 shares
NOV shares that First Eagle Global Fund may be deemed to beneficially own
Global Fund percent
5.77%
Percentage of NOV common stock attributed to First Eagle Global Fund
Key Terms
beneficial owner, sole voting power, sole dispositive power, Schedule 13G, +1 more
5 terms
beneficial owner financial
"is deemed to be the beneficial owner of 30,685,871.42 shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
sole voting power financial
"Sole Voting Power 27,180,076.11"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"Sole Dispositive Power 30,685,871.42"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G regulatory
"Securities reported on this as being beneficially owned"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
investment adviser financial
"an investment adviser registered under Section 203 of the Investment Advisers Act of 1940"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
How much of NOV (NOV) stock does First Eagle Investment Management beneficially own?
First Eagle Investment Management is deemed to beneficially own 30,685,871.42 shares of NOV common stock, representing 8.55% of the common stock believed to be outstanding through advisory relationships with multiple clients.
What dispositive power does First Eagle have over its NOV (NOV) holdings?
First Eagle reports sole dispositive power over 30,685,871 shares of NOV common stock and no shared dispositive power, meaning it can direct how those shares are sold or otherwise disposed for its clients.
How much NOV (NOV) stock may the First Eagle Global Fund beneficially own?
The First Eagle Global Fund may be deemed to beneficially own 2,421,533 NOV shares, equal to 5.77% of NOV’s common stock, as part of the broader holdings advised by First Eagle Investment Management.
Who ultimately receives dividends and sale proceeds from First Eagle’s NOV (NOV) holdings?
Clients of First Eagle, including investment companies, employee benefit plans, pension funds, and other institutional clients, have the right to receive dividends and the proceeds from sales of the NOV shares.
What type of SEC filing did First Eagle use to report its NOV (NOV) stake?
First Eagle reported its NOV position on an amended Schedule 13G, indicating passive beneficial ownership over more than 5% of NOV’s outstanding common stock through its investment advisory activities.