[SCHEDULE 13G] Western Digital Corp. SEC Filing
Rhea-AI Filing Summary
Managed Account Advisors LLC reports beneficial ownership of 22,178,966 shares of Western Digital Corp common stock, representing 6.4% of the class. The filing states the adviser has sole dispositive power over 22,176,462 shares and shared dispositive power over 2,504 shares, while reporting no sole or shared voting power.
The statement affirms the shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. This disclosure provides investors with material transparency about a sizeable economic stake without indicating voting influence or an expressed intent to alter corporate control.
Positive
- None.
Negative
- None.
Insights
TL;DR A material, non-voting economic stake of 6.4%; notable for ownership concentration and potential liquidity implications.
The reported 22,178,966-share position is large enough to affect measures of free float and shareholder concentration analysis for Western Digital. Because the filer reports dispositive power but no voting power, the stake appears economically significant yet likely passive regarding governance. For valuation or event-driven strategies, the position signals a meaningful holder that could affect secondary-market supply if dispositions occur, but the filing contains no statements about intent to trade or engage with management.
TL;DR Material economic ownership without voting authority limits governance influence despite disclosure crossing the 5% threshold.
The filing discloses a >5% economic stake, which is material for transparency and regulatory purposes. However, the absence of sole or shared voting power means the holder does not report direct control over corporate votes, reducing immediate governance implications. The certification that holdings are not intended to change control further supports a passive posture. This is impactful as disclosure but does not by itself signal a governance engagement or challenge to management.