[SCHEDULE 13G/A] NuScale Power Corporation SEC Filing
Rhea-AI Filing Summary
Global X Management Company LLC reported beneficial ownership of 5,835,151 shares of NuScale Power Corp Class A common stock, representing 4.37% of the class. GXMC states it has sole voting and sole dispositive power over these shares and reports no shared voting or dispositive power. The filing classifies GXMC as an investment adviser and indicates the shares are held in the ordinary course of business on behalf of investment vehicles it manages. No group affiliation or parent/control-person status is reported.
Positive
- Institutional ownership disclosed: GXMC holds a measurable 4.37% stake, showing institutional interest in NuScale Power.
- Sole voting and dispositive power: GXMC reports clear control over voting and disposition for its reported shares.
Negative
- Below 5% threshold: At 4.37% the position is not large enough to trigger higher disclosure thresholds associated with control.
- No shared or group affiliation: Filing shows no partners or group arrangements that might increase collective influence.
Insights
TL;DR: A 4.37% passive stake by an investment adviser signals notable institutional ownership but remains below thresholds to exert control.
GXMC's reported 5.84 million shares and sole voting/dispositive power indicate direct portfolio holdings under its management. Because the stake is under 5%, this filing is routine under Schedule 13G/A and reflects passive investment activity rather than an activist intent. For investors, the filing documents institutional interest but does not imply impending governance or strategic changes.
TL;DR: Investment-adviser ownership of 4.37% is a meaningful position size for index/ETF exposure but not a control position.
From a portfolio-construction perspective, GXMC's sole control over voting and disposition confirms it manages the position outright for client vehicles. The statement that holdings are in the ordinary course of business aligns with passive stewardship. Lack of shared power or group designation reduces the likelihood of coordinated action affecting corporate control.