REZI: Boston Partners Holds 8.39M Shares (5.65%) — Schedule 13G/A
Rhea-AI Filing Summary
Boston Partners filed a Schedule 13G/A reporting beneficial ownership of Resideo Technologies common stock. The firm reports ownership of 8,394,667 shares, representing 5.65% of the outstanding class, and may be deemed a beneficial owner under the Exchange Act.
The filing shows Boston Partners has sole voting power over 6,669,489 shares and sole dispositive power over 8,394,667 shares. The shares are held in discretionary client accounts and the filer certifies the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Positive
- Boston Partners beneficially owns 8,394,667 shares of Resideo, representing a material 5.65% stake.
- Shares are held in discretionary client accounts and the filer certifies holdings were acquired and are held in the ordinary course of business, not to change control.
Negative
- None.
Insights
TL;DR: Boston Partners discloses a material institutional holding of 5.65% in Resideo, a disclosure that can draw investor attention but is routine.
Boston Partners' reported 8,394,667-share position is above the 5% reporting threshold, making it a material disclosure for investors and analysts tracking ownership trends. The split between sole voting power (6,669,489) and sole dispositive power (8,394,667) indicates they control disposition decisions for the full economic interest while voting a slightly smaller amount. The filing states holdings are for discretionary client accounts and acquired in the ordinary course of business, which suggests a passive, non-control intent as declared by the filer.
TL;DR: A >5% institutional stake is material to governance monitoring but the filer certifies no intent to influence control.
The Schedule 13G/A classification and the filer type designation (IA) identify Boston Partners as an investment adviser reporting a significant passive position for client accounts. Because the filer expressly certifies the holdings are not for the purpose of changing or influencing control, this filing signals monitoring interest rather than activist intent. Governance teams and major shareholders may note the position for voting and engagement scenarios, but the filing itself contains no indication of proposed governance actions.