Goldman Sachs Discloses 4.23M Shares (5.6%) of SpringWorks on Schedule 13G
Rhea-AI Filing Summary
Goldman Sachs Group, Inc. and its affiliate Goldman Sachs & Co. LLC report beneficial ownership of 4,234,033.35 shares of SpringWorks Therapeutics common stock, representing 5.6% of the class. The filing shows the positions are held with shared voting power (4,233,899.35 shares) and shared dispositive power (4,234,021.35 shares), and no sole voting or dispositive power is reported. The statement certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. The filing includes a joint filing agreement and identifies Goldman Sachs & Co. LLC as a subsidiary of the parent reporting entity.
Positive
- Material disclosure: The filing transparently reports 4,234,033.35 shares, crossing the 5% threshold and providing market clarity.
- Passive position: The Schedule 13G and certification state the holdings are held in the ordinary course of business and not to influence control.
Negative
- No sole voting or dispositive power: The reporting persons indicate 0 shares of sole voting or dispositive power, limiting direct governance influence.
- Concentrated stake: A single financial group holds 5.6% of the class, which increases ownership concentration even if passive.
Insights
TL;DR: Goldman Sachs reports a material passive stake of 5.6% in SpringWorks, disclosed as shared holdings without sole control.
The reported 4.23 million-share position equals 5.6% of SpringWorks' common stock, crossing the 5% reporting threshold and requiring public disclosure. The Schedule 13G presentation and the certification that the holdings are in the ordinary course indicate a passive, non-control position rather than an activist stake. For market participants, this clarifies ownership concentration and the role of a major financial institution as a significant shareholder, but it does not signal an intent to change management or strategy.
TL;DR: Reporting shows shared voting and dispositive authority, with no sole control; governance influence appears limited per the filing.
The filing discloses shared voting power and shared dispositive power with zero sole powers, which is material for governance analysis because sole voting authority is not claimed. The statement explicitly affirms the securities are not held to influence control, and the joint filing agreement clarifies coordination between the parent and its subsidiary. These facts suggest the reported position is relevant to ownership concentration but does not reflect an immediate governance change or control intent.