Capital World Investors discloses 8.4% ThredUp (TDUP) stake in 13G/A
Filing Impact
Filing Sentiment
Form Type
SCHEDULE 13G/A
Rhea-AI Filing Summary
ThredUp Inc. (TDUP) disclosed that Capital World Investors has a significant passive ownership stake in the company. Capital World Investors reports beneficial ownership of 8,707,600 shares of ThredUp common stock, representing 8.4% of the 104,273,162 shares believed to be outstanding as of the relevant date.
Capital World Investors, a division of Capital Research and Management Company and its affiliated investment management entities, has sole voting and sole dispositive power over all of these shares, with no shared voting or dispositive authority. The filing is made on a Schedule 13G/A, indicating the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of ThredUp.
Positive
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Negative
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FAQ
What ownership stake does Capital World Investors report in ThredUp (TDUP)?
Capital World Investors reports beneficial ownership of 8,707,600 ThredUp common shares, equal to 8.4% of the class. This percentage is based on 104,273,162 shares believed to be outstanding, making Capital World Investors a significant institutional shareholder in the company.
Is Capital World Investors seeking control of ThredUp (TDUP) with this stake?
No. Capital World Investors certifies the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of ThredUp, consistent with a passive institutional investment reported on Schedule 13G/A.
How much voting power does Capital World Investors have in ThredUp (TDUP)?
Capital World Investors reports sole voting power over 8,707,600 shares of ThredUp common stock. It also indicates zero shared voting power, meaning all reported voting authority over these shares is held solely by Capital World Investors and its related investment management entities.
What is the nature of Capital World Investors’ dispositive power in ThredUp (TDUP)?
Capital World Investors has sole dispositive power over 8,707,600 shares of ThredUp common stock, with no shared dispositive power. Sole dispositive power means it alone can decide if and when these shares are sold or otherwise transferred, subject to any client arrangements.
Who is Capital World Investors in relation to ThredUp (TDUP)?
Capital World Investors is a division of Capital Research and Management Company and its investment management subsidiaries. These entities collectively provide investment management services under the Capital World Investors name and are deemed beneficial owner of the disclosed ThredUp position.
Which other entity is mentioned in connection with ThredUp (TDUP) ownership?
The filing identifies SMALLCAP World Fund, Inc. under the section addressing ownership of more than 5% on behalf of another person. This indicates another related party may have an economic interest tied to part of the reported ThredUp share position.