[SCHEDULE 13G] Triumph Group, Inc. SEC Filing
SSGA Funds Management, Inc. and State Street Corporation each filed Schedule 13G statements disclosing passive beneficial ownership in Triumph Group Inc. State Street reports beneficial ownership of 5,534,627 shares (7.1% of the class) with shared voting power of 5,287,930 and shared dispositive power of 5,534,627. SSGA Funds Management reports beneficial ownership of 4,003,003 shares (5.2% of the class) with shared voting power of 3,992,407 and shared dispositive power of 4,003,003. Both filings state the securities are held in the ordinary course of business and were not acquired to influence control of the issuer.
- State Street Corporation disclosed a material passive stake: 5,534,627 shares representing 7.1% of Triumph Group common stock.
- SSGA Funds Management disclosed a material passive stake: 4,003,003 shares representing 5.2% of the class.
- Both filers certify holdings are ordinary-course and not to influence control, clarifying the passive intent behind the positions.
- None.
Insights
TL;DR: Two institutional holders disclosed material passive stakes—State Street 7.1% and SSGA 5.2%—showing notable institutional exposure.
The filings report State Street Corporation beneficially owns 5,534,627 shares (7.1%) with shared voting power of 5,287,930. SSGA Funds Management, Inc. reports 4,003,003 shares (5.2%) with shared voting power of 3,992,407. Each statement certifies holdings are in the ordinary course of business and not intended to influence control. For investors, these are material disclosures of institutional ownership concentration but are presented as passive holdings rather than activist positions.
TL;DR: Both filers assert passive intent; ownership levels exceed the 5% reporting threshold and are material to governance profiles.
State Street and SSGA exceed the 5% reporting threshold, triggering Schedule 13G disclosure. The filings specify shared voting and dispositive powers for each reporting person, indicating these institutions exercise voting authority through pooled or managed accounts. The Item 10 certification states the securities were not acquired to change or influence control. These facts are relevant to board and shareholder dynamics because they document the presence of sizable institutional holders without active control claims.