LSV discloses 1,423,757 ODP Class A shares; sole dispositive power
Rhea-AI Filing Summary
LSV Asset Management reports beneficial ownership of 1,423,757 shares of ODP Corp Class A common stock, equal to 4.7% of the class. LSV states it has sole voting power over 808,077 shares and sole dispositive power over all 1,423,757 shares it reports, and that the holdings are held in the ordinary course of business and not for the purpose of changing control.
The filing identifies LSV as organized in Delaware and clarifies there are no shared voting or dispositive powers reported. For investors, this documents a concentrated but sub-5% stake with clear dispositive authority by the reporting adviser.
Positive
- Reported beneficial ownership of 1,423,757 shares (4.7% of Class A)
- Sole dispositive power over all reported shares, enabling independent disposition decisions
- Filing states holdings are held in the ordinary course and not to influence control
Negative
- Ownership below 5% threshold, limiting formal ability to force governance changes
- No shared voting power reported, suggesting limited coalition influence
Insights
TL;DR: LSV holds a concentrated, sub-5% stake with sole dispositive authority, a neutral but readable ownership disclosure.
LSV Asset Management reports a beneficial position of 1,423,757 shares, representing 4.7% of ODP's Class A stock. The firm retains sole dispositive power and sole voting power over a smaller subset (808,077 shares), indicating it can unilaterally decide sales while not necessarily controlling all voting decisions. Because the stake is under 5% and explicitly held in the ordinary course of business, this filing is informative but not likely to materially alter corporate control dynamics.
TL;DR: Disclosure shows clear ownership and control of disposition, but stake size limits governance influence.
The Schedule 13G/A clarifies ownership structure: sole dispositive authority over 1,423,757 shares and sole voting power over 808,077 shares. The absence of shared voting power and the statement that holdings are not for the purpose of changing control reduce the likelihood of immediate governance action. For board or governance monitoring, this is a notable ownership disclosure but not a triggering governance event given the reported percentage.
FAQ
How many ODP (ODP) shares does LSV Asset Management report owning?
What percentage of ODP does LSV Asset Management own according to the filing?
How much voting power does LSV have over its ODP shares?
Does LSV have the power to sell the reported ODP shares?
Is LSV acquiring these shares to change control of ODP?