Contrarius funds report 0.6% Intellia (NTLA) holding in 13G/A
Rhea-AI Filing Summary
Contrarius Investment Management Limited and Contrarius Investment Management (Bermuda) Limited report beneficial ownership of 714,480 shares of Intellia Therapeutics, Inc.0.6% of the class as of the event date.
The firms have shared voting and dispositive power over all 714,480 shares and no sole power. They state that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Intellia. The filing is made jointly because the two entities may be deemed a group under section 13(d)(3).
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FAQ
What stake in Intellia Therapeutics (NTLA) do Contrarius entities report?
Contrarius Investment Management Limited and Contrarius Investment Management (Bermuda) Limited report beneficial ownership of 714,480 shares of Intellia Therapeutics common stock, representing 0.6% of the outstanding class as of the event date disclosed in the Schedule 13G/A.
Do Contrarius entities have control intent over Intellia Therapeutics (NTLA)?
No. The filing certifies the shares were acquired and are held in the ordinary course of business and not for changing or influencing control of Intellia. They also confirm the holdings are not part of any control-related transaction.
Why are two Contrarius entities jointly filing for Intellia (NTLA)?
Contrarius Investment Management Limited and Contrarius Investment Management (Bermuda) Limited file jointly because they may be deemed a group under section 13(d)(3) of the Exchange Act. The filing explains they are together making the ownership disclosure.
Is the Contrarius ownership in Intellia (NTLA) above or below 5%?
The reported Intellia stake is 0.6% of the class, and the filing notes ownership of 5 percent or less of the common stock. This places the Contrarius position well below the 5% large-shareholder threshold.
What type of reporting persons are the Contrarius entities in the Intellia (NTLA) filing?
Each Contrarius entity is classified as an investment adviser equivalent (IA) for reporting purposes. They also certify that their foreign regulatory regimes are substantially comparable to those of functionally equivalent U.S. institutions.