[SCHEDULE 13G] Tango Therapeutics, Inc. SEC Filing
Tango Therapeutics disclosed that Woodline Partners LP, acting as investment adviser to Woodline Master Fund LP, beneficially owns 6,029,906 shares of the company's common stock. That holding represents approximately 5.6% of the class based on an aggregate of 108,394,190 shares outstanding as reported in the company's quarterly report. The reporting party states it has sole voting and sole dispositive power over those shares.
The filing notes the shares are held in the ordinary course of business and were not acquired for the purpose of changing or influencing control of the issuer. The report identifies Woodline Partners as a Delaware limited partnership and names the Woodline Fund as the direct holder of the reported shares.
- Institutional ownership disclosed: Woodline Partners reports a material beneficial stake of 6,029,906 shares (~5.6%), indicating notable investor interest.
- Sole voting and dispositive power: The reporting person states sole authority to vote and dispose of the reported shares, clarifying control of the position.
- None.
Insights
TL;DR Woodline holds a material minority stake (5.6%) with sole voting and dispositive power; disclosure is material but non-directional.
The Schedule 13G reports a clearly defined beneficial position of 6,029,906 shares representing 5.6% of outstanding common stock, held directly by Woodline Master Fund LP and advised by Woodline Partners LP. The statement that the position is held in the ordinary course and not for the purpose of changing control limits immediate governance implications. For investors, the development signals institutional interest but contains no operational or strategic actions that would directly alter company fundamentals.
TL;DR Institutional investor disclosed a >5% stake with sole authority; filing indicates passive intent rather than an activist approach.
The filing documents sole voting and dispositive power for the reported shares, which is important from a governance perspective because it confirms Woodline Partners can exercise control over voting of those shares unilaterally. However, the attestation that the shares are held in the ordinary course and not to influence control indicates no declared plan to pursue board or control actions. There is no indication of a group or shared power that would suggest coordinated governance activity.