Shapiro Capital Files Schedule 13G for 10,396,478 VYX Shares (7.5%)
Rhea-AI Filing Summary
Shapiro Capital Management LLC reported beneficial ownership of 10,396,478 shares of NCR Voyix Corp common stock, representing 7.5% of the class. The filing shows Shapiro Capital as an investment adviser with sole dispositive power over 10,396,478 shares, sole voting power for 9,482,306 shares and shared voting power for 914,172 shares.
The filing states these securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer, and that no single advisory client holds more than 5% of the class.
Positive
- Beneficial ownership of 10,396,478 shares (~7.5%), exceeding the 5% reporting threshold
- Shapiro Capital Management LLC is identified as an investment adviser with sole dispositive power over the reported position
Negative
- None.
Insights
TL;DR: Shapiro Capital disclosed a material 7.5% stake (10.4M shares) in NCR Voyix, with dispositive control but no stated intent to seek control.
This Schedule 13G discloses a reportable position above the 5% threshold, which is material for shareholder composition analysis. The filing documents sole dispositive power over 10,396,478 shares and significant voting power (9,482,306 sole, 914,172 shared). Because the filer is an investment adviser and states holdings are in the ordinary course with no effort to change control, the disclosure is informative about concentration but does not by itself signal an activist intent.
TL;DR: A 7.5% passive disclosure by an adviser is materially informative for governance monitoring but shows no explicit change-in-control strategy.
The breakdown of voting and dispositive power matters: sole voting power of 9,482,306 and shared voting power of 914,172 indicate where control over votes resides. The filer confirms no group affiliation and no parent/subsidiary acquisition. From a governance perspective, this disclosure should prompt boards and investors to note ownership concentration while recognizing the filer certified the position is managed in the ordinary course.