Park Hotels & Resorts (NYSE: PK) gets 5.5% ownership filing from State Street
Rhea-AI Filing Summary
State Street Corporation reports a significant institutional position in Park Hotels & Resorts Inc. common stock. State Street is deemed to beneficially own 11,100,179 shares, representing 5.5% of the outstanding common stock. It reports 0 shares with sole voting or dispositive power, and 9,890,976 shares with shared voting power and 11,100,179 shares with shared dispositive power. The filing attributes these holdings to various State Street Global Advisors and related investment adviser subsidiaries, indicating that the position is held on behalf of clients rather than as a proprietary stake.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 11,100,179 shares
Percent of class: 5.5 %
Shared voting power: 9,890,976 shares
+3 more
6 metrics
Beneficially owned shares
11,100,179 shares
Common stock of Park Hotels & Resorts Inc. reported by State Street Corporation
Percent of class
5.5 %
Portion of Park Hotels & Resorts Inc. common stock beneficially owned
Shared voting power
9,890,976 shares
Shares over which State Street reports shared power to vote
Shared dispositive power
11,100,179 shares
Shares over which State Street reports shared power to dispose
Sole voting power
0 shares
Shares with sole power to vote or direct the vote
Sole dispositive power
0 shares
Shares with sole power to dispose or direct disposition
Key Terms
beneficially owned, shared voting power, shared dispositive power, Investment Company Act of 1940, +1 more
5 terms
beneficially owned financial
"Item 4. | Ownership (a) | Amount beneficially owned: 11100179.00"
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.
Investment Company Act of 1940 regulatory
"shareholders of an investment company registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
parent holding company financial
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Park Hotels & Resorts Inc (PK) does State Street hold?
State Street Corporation reports beneficial ownership of 5.5% of Park Hotels & Resorts Inc. common stock, representing 11,100,179 shares held with shared dispositive power across its investment adviser subsidiaries.
Which State Street entities are associated with the Park Hotels & Resorts Inc (PK) position?
The position is associated with several investment adviser subsidiaries, including SSGA Funds Management, Inc. and various State Street Global Advisors entities in Japan, Europe, the UK, Singapore, Australia, and other jurisdictions.
Is any other person reported as having over 5% interest in Park Hotels & Resorts Inc (PK) through State Street?
The filing states “NOT APPLICABLE” for others with rights to receive dividends or sale proceeds, indicating no separate person is identified as holding more than 5% of the class through these shares.