Baillie Gifford reports 6.53% Service Corp stake (NYSE: SCI)
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
Baillie Gifford & Co has reported beneficial ownership of 9,161,409 shares of Service Corporation International common stock, representing 6.53% of the class as of the stated date. Baillie Gifford has sole voting power over 7,118,296 shares and sole dispositive power over all 9,161,409 shares, with no shared voting or dispositive power.
The shares are held by Baillie Gifford & Co and/or its investment adviser subsidiaries on behalf of investment advisory clients, including funds and institutional accounts. The firm certifies the holdings are in the ordinary course of business and not for the purpose of changing or influencing control of Service Corporation International.
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FAQ
What percentage of Service Corporation International (SCI) does Baillie Gifford own?
Baillie Gifford & Co reports beneficial ownership of 6.53% of Service Corporation International common stock. This represents 9,161,409 shares, according to the Schedule 13G/A, giving the firm a significant but non-controlling position in SCI.
In what capacity is Baillie Gifford acting regarding its SCI holdings?
Baillie Gifford & Co is acting as an investment adviser. The filing states the securities are held by Baillie Gifford and/or its investment adviser subsidiaries on behalf of investment advisory clients, including funds, employee benefit plans, pension funds, and other institutional clients.
Is Baillie Gifford’s SCI stake intended to influence control of the company?
No. Baillie Gifford certifies the SCI shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of Service Corporation International, nor in connection with any control-related transaction.
Who signed the Schedule 13G/A for Baillie Gifford regarding SCI?
The Schedule 13G/A for Baillie Gifford’s SCI holdings is signed by Grant Meikle, identified as Regulatory Reporting Manager. The signature section certifies that the information provided about ownership and intent is true, complete, and correct.