[SCHEDULE 13G] PureTech Health plc American SEC Filing
Citigroup and several of its subsidiaries report a collective beneficial ownership of 13,220,374 ordinary shares of PureTech Health plc, representing 5.5% of the class. The filing names five Citigroup reporting persons and discloses that the position carries shared voting power and shared dispositive power; no sole voting or dispositive authority is reported.
The statement indicates the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. The filing also describes the chain of ownership among the Citigroup entities that hold the position.
- Institutional ownership above 5% (13,220,374 shares) signals material investor interest in PureTech Health plc.
- Filing filed on Schedule 13G, indicating the holders assert a passive investment intent and certify the position is not to influence control.
- No sole voting or dispositive power reported; all authority is represented as shared across Citigroup entities.
- Holding is a minority stake (5.5%), which does not confer unilateral control or definitive governance influence.
Insights
TL;DR: Citigroup group reports a passive, material 5.5% stake (13.22M shares) with shared voting and dispositive power.
The Schedule 13G shows a meaningful institutional position above the 5% reporting threshold, reported on a form used for passive holdings. The filing discloses 13,220,374 shares (5.5%) and specifies shared voting and dispositive authority across Citigroup entities rather than any sole control. For investors, this documents substantive institutional interest without an expressed intent to influence corporate control.
TL;DR: Shared voting/dispositive power across Citigroup subsidiaries; filing affirms ordinary-course, non-control holding.
The filing identifies the internal ownership chain among Citigroup entities and classifies the filers as a foreign financial institution. It explicitly states the position is held in the ordinary course of business and not to affect control. The absence of sole voting or dispositive power implies the stake is structured within group custody/activities rather than as an activist or controlling block.