State Street Corporation (NYSE: PARR) discloses 6.7% beneficial stake in Par Pacific
Rhea-AI Filing Summary
State Street Corporation reported passive ownership of common stock of Par Pacific Holdings, Inc. on Schedule 13G. State Street and its investment adviser subsidiaries beneficially owned 3,345,818 shares of Par Pacific common stock, representing 6.7% of the class as of the reporting date.
The filing states 0 shares with sole voting and dispositive power and 3,284,622 shares with shared voting power. It reports 3,345,818 shares with shared dispositive power, reflecting shares managed across entities including SSGA Funds Management, Inc. and various State Street Global Advisors affiliates.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 3,345,818 shares
Percent of class: 6.7 %
Shared voting power: 3,284,622 shares
+3 more
6 metrics
Beneficial ownership
3,345,818 shares
Common stock of Par Pacific Holdings, Inc. beneficially owned by State Street Corporation
Percent of class
6.7 %
Percentage of Par Pacific common stock class beneficially owned
Shared voting power
3,284,622 shares
Shares of Par Pacific common stock over which State Street has shared voting power
Shared dispositive power
3,345,818 shares
Shares of Par Pacific common stock over which State Street has shared dispositive power
Sole voting power
0 shares
Par Pacific shares over which State Street has sole voting power
Sole dispositive power
0 shares
Par Pacific shares over which State Street has sole dispositive power
Key Terms
beneficially owned, shared voting power, shared dispositive power, Schedule 13G, +1 more
5 terms
beneficially owned financial
"Ownership (a) | Amount beneficially owned: 3345818.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Schedule 13G regulatory
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
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 company registered under the Investment Company Act of 1940 regulatory
"A listing of the shareholders of an investment company registered under the Investment Company Act of 1940"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Par Pacific Holdings (PARR) does State Street Corporation report owning?
State Street Corporation reports beneficial ownership of 6.7% of Par Pacific Holdings’ common stock. This corresponds to 3,345,818 shares as disclosed in the Schedule 13G filing, based on the company’s outstanding common stock.
What dispositive powers does State Street have over its PARR holdings?
State Street reports no sole dispositive power and shared dispositive power over 3,345,818 shares of Par Pacific common stock. Shared dispositive power reflects authority, alongside others, to determine whether and how these shares may be sold or otherwise disposed of.
Is State Street’s Par Pacific (PARR) ownership reported as held on behalf of other persons?
The filing states “NOT APPLICABLE” for ownership of more than 5% on behalf of another person. It does not identify any specific third party with the right to receive dividends or sale proceeds beyond the normal client and fund relationships typical for investment advisers.