BlackRock (NYSE: PK) discloses 14.7% ownership in Park Hotels & Resorts
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended Schedule 13G reporting its beneficial ownership in Park Hotels & Resorts Inc. common stock. BlackRock reports beneficial ownership of 29,586,347 shares, representing 14.7% of the outstanding common stock. It holds 28,909,892 shares with sole voting power and 29,586,347 shares with sole dispositive power, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of the company’s outstanding common shares.
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Key Figures
Beneficially owned shares: 29,586,347 shares
Ownership percentage: 14.7%
Sole voting power: 28,909,892 shares
+3 more
6 metrics
Beneficially owned shares
29,586,347 shares
Common stock of Park Hotels & Resorts Inc. reported by BlackRock
Ownership percentage
14.7%
Percent of Park Hotels & Resorts Inc. common stock class
Sole voting power
28,909,892 shares
Shares over which BlackRock has sole power to vote or direct the vote
Sole dispositive power
29,586,347 shares
Shares over which BlackRock has sole power to dispose or direct disposition
Shared voting power
0 shares
No shared power to vote or direct the vote reported
Shared dispositive power
0 shares
No shared power to dispose or direct disposition reported
Key Terms
beneficially owned, sole voting power, sole dispositive power, Schedule 13G, +1 more
5 terms
beneficially owned financial
"this reflects the securities beneficially owned, or deemed to be beneficially owned"
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 Voting Power 28,909,892.00"
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 29,586,347.00"
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
"In accordance with SEC Release No. 34-39538 this reflects the securities"
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.
parent holding company regulatory
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Park Hotels & Resorts Inc. (PK) does BlackRock currently report owning?
BlackRock reports beneficial ownership of 14.7% of Park Hotels & Resorts Inc. common stock. This corresponds to 29,586,347 shares as disclosed in Item 4, making BlackRock a significant institutional shareholder in the company.
What dispositive power does BlackRock report over Park Hotels & Resorts Inc. (PK) stock?
BlackRock reports sole dispositive power over 29,586,347 shares of Park Hotels & Resorts Inc. and no shared dispositive power. Sole dispositive power means BlackRock can decide how and when these shares are sold or otherwise disposed of.
Do any BlackRock clients individually own more than 5% of Park Hotels & Resorts Inc. (PK)?
No single BlackRock client holds more than 5% of Park Hotels & Resorts Inc. common shares. Various persons have rights to dividends or sale proceeds, but none exceed the five percent threshold individually.
Who signed the Schedule 13G/A filing for BlackRock regarding Park Hotels & Resorts Inc. (PK)?
The filing was signed by Spencer Fleming, a Managing Director at BlackRock. The signature block confirms his role in executing the Schedule 13G/A on behalf of BlackRock, Inc.