BlackRock Portfolio Management (NASDAQ: SAMG) discloses 4.7% Silvercrest stake in Class A shares
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
BlackRock Portfolio Management LLC filed an amended ownership report for Silvercrest Asset Management Group Inc. Class A stock. It reports beneficial ownership of 360,144 shares, representing 4.7% of the Class A shares outstanding. The firm has sole voting power over 322,988 shares and sole dispositive power over 360,144 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of the total outstanding common shares.
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Key Figures
Beneficial ownership: 360,144 shares
Percent of class: 4.7%
Sole voting power: 322,988 shares
+1 more
4 metrics
Beneficial ownership
360,144 shares
Class A stock beneficially owned by BlackRock Portfolio Management LLC
Percent of class
4.7%
Percentage of Silvercrest Class A stock beneficially owned
Sole voting power
322,988 shares
Shares over which BlackRock Portfolio Management LLC has sole voting power
Sole dispositive power
360,144 shares
Shares over which BlackRock Portfolio Management LLC has sole dispositive power
Key Terms
beneficially owned, sole voting power, sole dispositive power, Schedule 13G, +1 more
5 terms
beneficially owned financial
"this reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
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
"Sole Voting Power 322,988.00"
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
"Sole Dispositive Power 360,144.00"
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.
Schedule 13G regulatory
"In accordance with SEC Release No. 34-39538 (January 12, 1998), this reflects the securities"
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.
Power of Attorney regulatory
"Exhibit 24: Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Silvercrest (SAMG) does BlackRock Portfolio Management LLC report owning?
BlackRock Portfolio Management LLC reports beneficial ownership of 4.7% of Silvercrest Asset Management Group Inc. Class A stock, representing 360,144 shares held across certain BlackRock business units.
Does any single BlackRock client own over 5% of Silvercrest (SAMG)?
No. The filing states that although various persons may receive dividends or sale proceeds, no one person’s interest in Silvercrest common stock exceeds five percent of the total outstanding shares.
Why is this Silvercrest (SAMG) filing labeled Amendment No. 1?
The report is labeled Amendment No. 1 because it updates a prior Schedule 13G filing regarding BlackRock Portfolio Management LLC’s beneficial ownership of Silvercrest Asset Management Group Inc. Class A stock.