AllianceBernstein (PCOR) reports 5.09M Procore shares, a 3.4% stake
Rhea-AI Filing Summary
AllianceBernstein L.P. filed an updated ownership report for Procore Technologies Inc., stating beneficial ownership of 5,088,839 shares of common stock, representing 3.4% of the class as of the filing. These shares are held for investment purposes in client discretionary investment advisory accounts.
AllianceBernstein reports sole voting power over 4,860,363 shares and sole dispositive power over 5,084,311 shares, with an additional 4,528 shares subject to shared dispositive power. The firm notes it operates under independent management from its majority owner, Equitable Holdings, Inc., which reports its ownership separately.
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Key Figures
Beneficial ownership: 5,088,839 shares
Percent of class: 3.4 %
Sole voting power: 4,860,363 shares
+2 more
5 metrics
Beneficial ownership
5,088,839 shares
Common stock of Procore Technologies Inc. beneficially owned by AllianceBernstein L.P.
Percent of class
3.4 %
Portion of Procore common stock class reported as beneficially owned
Sole voting power
4,860,363 shares
Shares for which AllianceBernstein has sole power to vote or direct the vote
Sole dispositive power
5,084,311 shares
Shares for which AllianceBernstein has sole power to dispose or direct disposition
Shared dispositive power
4,528 shares
Shares for which AllianceBernstein has shared power to dispose or direct disposition
Key Terms
beneficially owned, sole voting power, dispositive power, discretionary investment advisory accounts, +1 more
5 terms
beneficially owned financial
"Amount beneficially owned: 5,088,839 shares acquired solely for investment purposes"
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.
sole voting power financial
"Sole power to vote or to direct the vote: 4,860,363"
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.
dispositive power financial
"Sole power to dispose or to direct the disposition of: 5,084,311"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
discretionary investment advisory accounts financial
"shares acquired solely for investment purposes on behalf of client discretionary investment advisory accounts"
Ownership of 5 percent or less of a class financial
"Item 5. | Ownership of 5 Percent or Less of a Class."
FAQ
What percentage of Procore Technologies (PCOR) does AllianceBernstein currently own?
AllianceBernstein L.P. reports beneficial ownership of 3.4% of Procore Technologies’ common stock, representing 5,088,839 shares held for investment purposes in client discretionary investment advisory accounts.
Are AllianceBernstein and Equitable Holdings reported together for Procore (PCOR) ownership?
No. AllianceBernstein, though majority owned by Equitable Holdings, Inc., states it operates under independent management and that EQH calculates and reports beneficial ownership separately from AllianceBernstein.
What does the 5 percent or less disclosure mean for Procore (PCOR)?
The filing includes an item labeled Ownership of 5 percent or less of a class, indicating AllianceBernstein’s reported Procore holdings represent 3.4% of the company’s outstanding common stock at the time of the report.
AI-generated analysis. How Rhea-AI works. Not financial advice.