RxSight (RXST): Artisan Partners Reports 2.25M-Share Position (5.5%)
Rhea-AI Filing Summary
Artisan Partners reports beneficial ownership of 2,252,544 shares of RxSight common stock, representing 5.5% of the class based on 40,636,981 shares outstanding as stated in the filing. The reporting group discloses no sole voting or dispositive power and instead reports 2,041,668 shares with shared voting power and 2,252,544 shares with shared dispositive power.
The shares were acquired on behalf of discretionary clients of Artisan Partners Limited Partnership and the filers certify the holdings are in the ordinary course of business and not held to influence control. A Joint Filing Agreement among the reporting persons is included as an exhibit.
Positive
- Material institutional position reported: Aggregate beneficial ownership of 2,252,544 shares (5.5% of class) is disclosed.
- Clear disclosure of powers: Filing provides a specific breakdown of shared voting (2,041,668) and shared dispositive (2,252,544) power.
- Passive intent certified: Filers state holdings are in the ordinary course of business and not to influence control.
Negative
- No sole control reported: Reporting persons indicate 0 shares of sole voting or sole dispositive power, limiting direct influence on company decisions.
- Held for discretionary clients: Shares are owned on behalf of clients, so no single identified client is disclosed with >5% economic interest.
- Percent based on stated outstanding shares: Ownership percentage (5.5%) is calculated on 40,636,981 shares outstanding as reported in the filing; current outstanding share count may differ.
Insights
TL;DR: Artisan Partners holds a material passive stake of 5.5% (2.25M shares) in RxSight with shared voting/dispositive power.
Artisan Partners reports an aggregate beneficial ownership of 2,252,544 shares, equal to 5.5% of the outstanding common stock (per the filing's stated outstanding share base). The statement is filed on Schedule 13G, and the filers certify the position is held in the ordinary course of business and not to influence control. The breakdown shows 0 sole voting/dispositive power, 2,041,668 shared voting power and 2,252,544 shared dispositive power, indicating economic exposure without unilateral control. For investors, this signals institutional ownership but not an activist/control intent.
TL;DR: A material but passive ownership position is reported; limited ability to change corporate control due to lack of sole power.
The filing documents that the reported shares are held on behalf of discretionary clients of APLP and that no other person known to the filers has an economic interest exceeding 5% of the class. The combination of shared voting power (2,041,668) and shared dispositive power (2,252,544) alongside the Schedule 13G certification suggests the reporting persons view this as a passive investment rather than an attempt to exert governance control. A Joint Filing Agreement is included as an exhibit to coordinate disclosure among the reporting entities.