BlackRock boosts reported stake to 10.1% of Pinnacle Financial Partners (PNFP) common stock
Rhea-AI Filing Summary
BlackRock, Inc. reports beneficial ownership of common stock of Pinnacle Financial Partners, Inc. on an amended Schedule 13G filing. BlackRock and certain of its business units collectively beneficially own 15,201,926 shares of Pinnacle’s common stock, representing 10.1% of the class.
BlackRock has sole voting power over 14,433,120 shares and sole dispositive power over 15,201,926 shares, with no shared voting or dispositive power reported. Various underlying clients and investors have rights to dividends or sale proceeds from these shares, but no single such person holds more than five percent of the outstanding common stock.
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Key Figures
Beneficial ownership: 15,201,926 shares
Percent of class: 10.1%
Sole voting power: 14,433,120 shares
+2 more
5 metrics
Beneficial ownership
15,201,926 shares
Shares of Pinnacle Financial Partners common stock beneficially owned by BlackRock
Percent of class
10.1%
Portion of Pinnacle Financial Partners common stock class held by BlackRock
Sole voting power
14,433,120 shares
Shares over which BlackRock has sole power to vote or direct the vote
Sole dispositive power
15,201,926 shares
Shares over which BlackRock has sole power to dispose or direct the disposition
Amendment number
Amendment No. 3
Amendment sequence of the Schedule 13G filing by BlackRock
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power, Percent of class, +1 more
5 terms
beneficially owned financial
"reflects the securities beneficially owned, or deemed to be beneficially owned, by certain"
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
"5 | Sole Voting Power 14,433,120.00 6 | Shared Voting Power 0.00"
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
"7 | Sole Dispositive Power 15,201,926.00 8 | Shared Dispositive Power 0.00"
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.
Percent of class financial
"Item 4. | Ownership (a) | Amount beneficially owned: 15201926 (b) | Percent of class: 10.1 %"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
Schedule 13G regulatory
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Does any single BlackRock client hold more than 5% of Pinnacle Financial Partners (PNFP)?
The filing states that various persons have rights to dividends or sale proceeds, but no one person’s interest in Pinnacle Financial Partners common stock exceeds five percent of the total outstanding shares.
What type of SEC filing did BlackRock submit regarding Pinnacle Financial Partners (PNFP)?
BlackRock submitted an Amendment No. 3 to Schedule 13G, reporting its beneficial ownership position in Pinnacle Financial Partners’ common stock and detailing voting and dispositive powers.