Earnest Partners Reports 3.76M SMG Shares, Filing Schedule 13G/A
Rhea-AI Filing Summary
Earnest Partners, LLC filed an amended Schedule 13G reporting beneficial ownership of 3,756,898 common shares of The Scotts Miracle-Gro Company, representing 6.5% of the class. The filing lists 2,235,337 shares as sole voting power and 508,050 as shared voting power, with sole dispositive power over all 3,756,898 shares. Earnest Partners states it is filing as an investment adviser and that no single client account holds more than 5% of the class. The filing affirms holdings were acquired in the ordinary course of business.
Positive
- Clear disclosure of beneficial ownership amounting to 3,756,898 shares (6.5%)
- Detailed voting and dispositive power breakdown: 2,235,337 sole votes and 508,050 shared votes
- Filed as an investment adviser under applicable rules, indicating regulatory compliance
Negative
- None.
Insights
TL;DR: A registered investment adviser reports a significant passive stake of 6.5% in SMG, disclosed via Schedule 13G/A.
Earnest Partners discloses beneficial ownership of 3,756,898 shares, equal to 6.5% of SMG common stock. The breakdown shows meaningful sole voting authority over 2,235,337 shares and sole dispositive power over all reported shares, indicating control over trading decisions for the position. Filing as a 13G indicates the filer views the stake as passive and acquired in the ordinary course of business. No client holds more than 5% individually, per the filing.
TL;DR: This Schedule 13G/A is a routine disclosure of a passive investment adviser position above the 5% threshold.
The filing notifies the market that an institutional investment adviser now holds 6.5% of SMG shares. Classification as an IA and the 13G filing suggest no intent to influence control, and the certification reiterates ordinary-course acquisition. The reported voting and dispositive power details are complete and consistent with required disclosure practices for a passive holder.