Sanders Capital (STX) discloses 3.5M Seagate shares under 5% ownership level
Rhea-AI Filing Summary
Sanders Capital, LLC and Lewis A. Sanders report their beneficial ownership of Seagate Technology Holdings plc common stock in an amended Schedule 13G filing. They report beneficial ownership of 3,496,343 shares, representing 1.56% of the common stock. Sanders Capital and Sanders have shared voting power over 1,687,070 shares and shared dispositive power over 3,496,343 shares, with no sole voting or dispositive power. The filing states that Lewis A. Sanders is listed as a beneficial owner because he owns approximately 40% of Sanders Capital, LLC and serves as its CEO and co-Chief Investment Officer with decision-making authority.
Positive
- None.
Negative
- None.
Key Figures
Beneficially owned shares: 3,496,343 shares
Percent of class: 1.56%
Shared voting power: 1,687,070 shares
+2 more
5 metrics
Beneficially owned shares
3,496,343 shares
Amount beneficially owned by Sanders Capital, LLC
Percent of class
1.56%
Percentage of Seagate common stock beneficially owned
Shared voting power
1,687,070 shares
Shares over which Sanders Capital has shared power to vote
Shared dispositive power
3,496,343 shares
Shares over which Sanders Capital has shared power to dispose
Sanders equity in Sanders Capital
approximately 40%
Approximate equity stake of Lewis A. Sanders in Sanders Capital, LLC
Key Terms
Beneficial Owner, shared voting power, shared dispositive power, Percent of class
4 terms
Beneficial Owner financial
"Lewis A Sanders is being listed here as a "Beneficial Owner" because he owns"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Percent of class financial
"Percent of class: 1.56%"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Seagate (STX) does Sanders Capital report owning in this Schedule 13G/A?
Sanders Capital reports beneficial ownership of 1.56% of Seagate’s common stock, representing 3,496,343 shares. This stake is disclosed as part of an amended Schedule 13G filing for Seagate Technology Holdings plc.
Does Sanders Capital report owning more than 5% of Seagate (STX) stock?
No. The filing specifically states ownership of 5 percent or less of the class, with a reported beneficial ownership of 1.56% of Seagate’s common stock, keeping the position below the 5% threshold.