BlackRock Portfolio Management (NASDAQ: SPT) discloses 8.4% Sprout Social stake
Rhea-AI Filing Summary
BlackRock Portfolio Management LLC reports a passive ownership position in Sprout Social Inc. Class A stock. The firm beneficially owns 4,548,550 shares, representing 8.4% of the class as of June 30, 2026.
BlackRock has sole power to vote 4,061,731 shares and sole dispositive power over 4,548,550 shares, with no shared voting or dispositive power. The shares are held across various business units and underlying clients that may receive dividends or sale proceeds, but no single client has more than five percent of Sprout Social’s outstanding common shares.
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Key Figures
Beneficial ownership: 4,548,550 shares
Percent of class: 8.4%
Sole voting power: 4,061,731 shares
+4 more
7 metrics
Beneficial ownership
4,548,550 shares
Class A stock beneficially owned by BlackRock Portfolio Management LLC
Percent of class
8.4%
Portion of Sprout Social Inc Class A shares beneficially owned
Sole voting power
4,061,731 shares
Shares for which BlackRock has sole power to vote or direct the vote
Shared voting power
0 shares
Shares for which BlackRock has shared power to vote
Sole dispositive power
4,548,550 shares
Shares for which BlackRock has sole power to dispose or direct disposition
Shared dispositive power
0 shares
Shares for which BlackRock has shared power to dispose
As-of date
06/30/2026
Ownership information date for the Schedule 13G
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 4,061,731.00"
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 4,548,550.00"
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
"A parent holding company has filed this schedule, pursuant to (ii)(G), on this Schedule 13G"
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 stake in Sprout Social Inc (SPT) does BlackRock Portfolio Management LLC report?
BlackRock Portfolio Management LLC reports a beneficial ownership of 4,548,550 Class A shares of Sprout Social Inc, representing 8.4% of the outstanding class as of June 30, 2026.
Do any individual BlackRock clients hold over 5% of Sprout Social (SPT)?
The filing states that various persons have rights to dividends or sale proceeds, but that no one person’s interest exceeds five percent of Sprout Social Inc’s total outstanding common shares.
Is BlackRock’s ownership in Sprout Social (SPT) reported on behalf of multiple business units?
Yes. The Schedule 13G reflects securities beneficially owned or deemed owned by certain BlackRock business units, collectively called the Reporting Business Units, and excludes other disaggregated business units.
Who signed the Sprout Social (SPT) Schedule 13G for BlackRock?
The Schedule 13G was signed by Spencer Fleming, identified as a Managing Director, with authority supported by an attached Power of Attorney (Exhibit 24).