SSGA Reports 5.3% Stake in Suncoke Energy (SXC) — Schedule 13G
Rhea-AI Filing Summary
Ownership disclosure for Suncoke Energy (SXC): State Street Corporation reports beneficial ownership of 6,561,503 common shares, equal to 7.8% of the class, with shared voting power of 6,312,168 and shared dispositive power of 6,561,503. SSGA Funds Management, Inc. reports beneficial ownership of 4,517,714 shares, equal to 5.3% of the class, with shared voting power of 4,508,268 and shared dispositive power of 4,517,714. The filing states these holdings were acquired in the ordinary course of business and are not held to change or influence control of the issuer.
Positive
- State Street Corporation reported beneficial ownership of 6,561,503 shares (7.8% of the class)
- SSGA Funds Management, Inc. reported beneficial ownership of 4,517,714 shares (5.3% of the class)
- Both reporting persons certify holdings were acquired in the ordinary course of business and not to influence control
Negative
- None.
Insights
Institutional positions disclosed; informative about ownership concentration but no stated intent to seek control.
The Schedule 13G reports two institutional holders exceeding the 5% disclosure threshold. State Street holds 6.56 million shares (7.8%), and SSGA holds 4.52 million shares (5.3%). Both report shared voting and shared dispositive powers rather than sole control, and certify the holdings are held in the ordinary course of business without intent to change control. For investors, this documents meaningful passive institutional ownership and clarifies that these are not activist stakes per the filing's certification.
Disclosure shows sizeable passive stakes; governance impact appears limited given certification of no control intent.
The filing provides specific voting and dispositive power figures showing shared authority over the reported shares. Because both reporting persons assert ordinary-course holdings and deny intent to influence control, the disclosure is primarily informational: it increases transparency about who holds material blocks of equity but does not announce any governance actions or plans. Monitoring future filings would be required to detect any shift toward active engagement.