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Summit Partners Reports Shared Voting Power Over 771,333 WGS Shares

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Summit Partners and affiliated entities reported beneficial ownership of 867,265 shares of GeneDx Holdings Corp. Class A common stock, representing 3.04% of the outstanding shares based on 28,553,204 common shares used for the calculation. The holdings are aggregated across several funds and accounts managed by Summit Partners Public Asset Management (SPPAM), with Summit Partners, L.P. serving as the managing member.

The filing shows the group has 0 sole voting power, 771,333 shares subject to shared voting power and 867,265 shares subject to shared dispositive power. SPPAM is identified as the investment manager for the funds holding the positions. The reporting persons state the securities were not acquired to influence control and the filing is made under a joint filing agreement with powers of attorney for certain signatories.

Positive

  • Institutional disclosure of a 3.04% stake (867,265 shares) provides transparency into major holder positions
  • Clear delineation of voting and dispositive power showing shared control rather than sole control

Negative

  • None.

Insights

TL;DR: Institutional disclosure of a modest 3.04% stake across Summit-managed funds; passive reporting with shared control, not an activism signal.

The filing documents an aggregated beneficial position of 867,265 shares (3.04%) held by Summit-affiliated funds and accounts. Key metrics: 771,333 shares carry shared voting power and there is 0 sole voting or dispositive power. The investor type is an investment adviser/pooled funds structure, and the group certifies the holdings are not intended to change or influence control. From a market-impact perspective, a sub-5% passive disclosure is routine and unlikely to materially shift governance or strategy, though it signals Summit's exposure to the issuer.

TL;DR: Governance implication is limited: shared voting power but no sole control; joint filing and certifications indicate compliance and non-control intent.

The report clarifies that voting authority over 771,333 shares is shared among the reporting persons and that dispositive authority is likewise shared for 867,265 shares. The absence of sole voting power and the explicit certification that the positions were not acquired to influence control reduce the likelihood of immediate governance actions. The joint filing agreement and referenced powers of attorney ensure consolidated disclosure but do not imply a coordinated governance campaign.






Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)






SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



Summit Partners Public Asset Management, LLC
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, Authorized Person
Date:08/14/2025
Summit Partners, L.P.
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, Authorized Person
Date:08/14/2025
Summit Partners Concentrated Growth L/S Master Fund, L.P.
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, Authorized Person
Date:08/14/2025
Summit Partners Technology L/S Master Fund, L.P.
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, Authorized Person
Date:08/14/2025
Summit Partners Sustainable Opportunities L/S Fund Limited
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, Authorized Person
Date:08/14/2025
Summit Partners Sustainable Opportunities L/S QP Fund, L.P.
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, Authorized Person
Date:08/14/2025
Summit Partners Sustainable Opportunities L/S Fund, L.P.
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, Authorized Person
Date:08/14/2025
Summit Partners Alydar GP, L.P.
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, Authorized Person
Date:08/14/2025
Summit Partners Alydar GP, LLC
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, Authorized Person
Date:08/14/2025
Philip Furse
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, POA for Philip Furse
Date:08/14/2025
Timothy Albright
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, POA for Timothy Albright
Date:08/14/2025
Robert MacAulay
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, POA for Robert MacAulay
Date:08/14/2025
Matthew Curtis
Signature:Adam H. Hennessey
Name/Title:Adam H. Hennessey, POA for Matthew Curtis
Date:08/14/2025
Exhibit Information

Item 4: The information required by Item 4 with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of each cover page to this Schedule 13G. The ownership percentages are calculated based on 28,553,204 outstanding shares of Common Stock, as of April 23, 2025, as reported in the issuer's Quarterly Report on Form 10-Q filed on April 30, 2025. SPPAM is the investment manager with respect to shares of Common Stock and call options to purchase shares of Common Stock ("Call Options") directly held by Summit Concentrated Growth, SPSO QP, SPSO LP, SPSO Limited and Summit Technology (collectively the "Funds") and a separately managed account. SP is the Managing Member of SPPAM. Summit Concentrated Growth, Summit Technology, and a separately managed account each directly hold shares of Common Stock. SPSO Limited, SPSO QP and SPSO LP each directly holds shares of Common Stock and Call Options. Fund GP is the general partner of Summit Concentrated Growth, SPSO QP, SPSO LP and Summit Technology. GP is the general partner of Fund GP. Philip Furse is the Chief Investment Officer of SPPAM and a Portfolio Manager of SPPAM, with respect to the shares of Common Stock and Call Options directly held by the Funds and the separately managed account of SPPAM. Timothy Albright is a Portfolio Manager of SPPAM with respect to the shares of Common Stock and Call Options directly held by the Funds and the separately managed account of SPPAM. Robert MacAulay is the Chief Risk Officer of SPPAM with respect to the shares of Common Stock and Call Options directly held by the Funds and the separately managed account of SPPAM. Matthew Curtis is a Portfolio Manager of SPPAM with respect to the shares of Common Stock and Call Options directly held by the Funds and the separately managed account of SPPAM. Accordingly, each of the Reporting Persons may be deemed the beneficial owner of the reported securities but the filing of this statement shall not be construed as an admission that any of the Reporting Persons is, for the purpose of 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this statement. Please note that the Reporting Persons do not have any voting control over any of the securities held by the separately managed account referenced herein. EXHIBIT A JOINT FILING AGREEMENT This will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the Common Stock (this "Agreement"), is being filed, and all amendments thereto will be filed, on behalf of each of the persons and entities named below that is named as a reporting person in such filing in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Joint Filing Agreement dated August 14, 2025, among Summit Partners Public Asset Management, LLC, Summit Partners, L.P., Summit Partners Concentrated Growth L/S Master Fund, L.P., Summit Partners Technology L/S Master Fund, L.P., Summit Partners Sustainable Opportunities L/S Fund Limited, Summit Partners Sustainable Opportunities L/S QP Fund, L.P., Summit Partners Sustainable Opportunities L/S Fund, L.P., Summit Partners Alydar GP, L.P., Summit Partners Alydar GP, LLC, Philip Furse, Timothy Albright, Robert MacAulay and Matthew Curtis. Dated: August 14, 2025 Summit Partners Public Asset Management, LLC Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, Authorized Person Summit Partners, L.P. Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, Authorized Person Summit Partners Concentrated Growth L/S Master Fund, L.P. Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, Authorized Person Summit Partners Technology L/S Master Fund, L.P. Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, Authorized Person Summit Partners Sustainable Opportunities L/S Fund Limited Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, Authorized Person Summit Partners Sustainable Opportunities L/S QP Fund, L.P. Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, Authorized Person Summit Partners Sustainable Opportunities L/S Fund, L.P. Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, Authorized Person Summit Partners Alydar GP, L.P. Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, Authorized Person Summit Partners Alydar GP, LLC Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, Authorized Person Philip Furse Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, POA for Philip Furse Timothy Albright Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, POA for Timothy Albright Robert MacAulay Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, POA for Robert MacAulay Matthew Curtis Signature: /s/ Adam H. Hennessey Name/Title: Adam H. Hennessey, POA for Matthew Curtis EXHIBIT B POWERS OF ATTORNEY Powers of Attorney, dated as of January 31, 2024, (incorporated herein by reference to Exhibit B to that certain Schedule 13G filed on January 31, 2024, with the Securities and Exchange Commission in connection with securities of Klaviyo, Inc.).

FAQ

How many GeneDx (WGS) shares does Summit Partners report owning?

The filing reports beneficial ownership of 867,265 shares of GeneDx Class A common stock.

What percentage of GeneDx (WGS) does that stake represent?

The reported position represents 3.04% of the outstanding Class A common stock (calculated on 28,553,204 shares).

How much voting power does Summit Partners have over these WGS shares?

The group reports 0 shares with sole voting power and 771,333 shares with shared voting power.

Do the reporting persons claim intent to influence control of GeneDx (WGS)?

No; the certification states the securities were not acquired and are not held to change or influence control.

Which Summit entities are identified as holding or managing the WGS shares?

The filing names SPPAM as the investment manager, Summit Partners, L.P. as managing member, and multiple Summit funds and related entities as holders.

On what basis was the ownership percentage calculated?

The percentage is calculated using 28,553,204 outstanding shares of common stock, as disclosed in the issuer's quarterly report referenced in the filing.
GeneDx Holdings Corp

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4.79B
25.36M
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