Institutional Filing: EdgePoint Reports 6.79M Revvity Shares (5.76%)
Rhea-AI Filing Summary
EdgePoint Investment Group Inc. disclosed ownership of 6,789,660 shares of Revvity, Inc. common stock, representing 5.76% of the class. EdgePoint reports sole voting and dispositive power over 4,481,400 shares and shared voting and dispositive power over 2,308,260 shares. The filing states these shares are held on behalf of private investment funds and mutual fund trusts for which EdgePoint acts as investment manager and exercises investment discretion.
The statement affirms the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Revvity. The filing includes EdgePoint's Ontario address and is signed by Sayuri Childs, Chief Compliance Officer.
Positive
- None.
Negative
- None.
Insights
TL;DR: EdgePoint holds a material passive stake of 5.76% in Revvity, showing meaningful institutional interest without an intent to change control.
EdgePoint's 6.79 million-share position is above the 5% reporting threshold and therefore notable to investors monitoring ownership concentration. The split between 4.48 million shares under sole control and 2.31 million shared suggests direct decision authority over a majority of its position while retaining other positions through pooled vehicles. The certification that holdings are in the ordinary course and not aimed at control reduces immediate takeover or governance-change concerns, but the position size could still influence market liquidity and voting outcomes on significant corporate matters.
TL;DR: This Schedule 13G indicates passive institutional ownership above 5% and affirms no intent to influence control, relevant for governance and proxy voting expectations.
The filing's explicit statement that the stake is not held to change or influence control is consistent with a 13G passive disclosure rather than an activist 13D filing. Governance stakeholders should note the registered split of voting/dispositive power when forecasting shareholder votes. The presence of a named Chief Compliance Officer signature and full address supports compliance with disclosure formalities.