JPMorgan Amends Burlington Stores Stake; Ownership Update Filed

TL;DR

**JPMorgan updated its Burlington Stores ownership, watch for shifts in institutional confidence.**

AI Summary

JPMorgan Chase & Co. filed an amended Schedule 13G/A on January 16, 2024, indicating a change in their beneficial ownership of Burlington Stores, Inc. common stock as of December 29, 2023. This filing, an amendment to a previous disclosure, signals that JPMorgan Chase & Co. continues to hold a significant, though potentially altered, stake in Burlington Stores. For investors, this matters because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future performance.

Why It Matters

This filing updates the public on JPMorgan Chase & Co.'s beneficial ownership in Burlington Stores, Inc., which can impact investor sentiment and the stock's perceived stability.

Risk Assessment

Risk Level: low — This is a routine update on institutional ownership and does not inherently signal a high-risk event for the company.

Analyst Insight

Investors should note that a major institution like JPMorgan Chase & Co. is adjusting its stake in Burlington Stores. While this filing doesn't disclose the exact change in ownership percentage, it signals ongoing institutional interest. Smart investors would look for the updated ownership percentage in the full filing to assess if JPMorgan is increasing or decreasing its position, which could influence their own investment decisions.

Key Players & Entities

• JPMorgan Chase & Co. (company) — filer of the SC 13G/A, a national commercial bank
• Burlington Stores, Inc. (company) — the subject company, a retail-department store
• December 29, 2023 (date) — date of the event requiring the filing
• January 16, 2024 (date) — date the SC 13G/A was filed
• 122017106 (number) — CUSIP Number for Burlington Stores, Inc. common stock

FAQ

Filing Documents

• BURLINGTON_STORES_INC.htm (SC 13G/A) — 86KB
• 0000019617-24-000075.txt ( ) — 88KB

From the Filing

SC 13G/A 1 BURLINGTON_STORES_INC.htm FILING BURLINGTON STORES, INC. Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 01 )* BURLINGTON STORES, INC. (Name of Issuer) Common stock (Title of Class of Securities) 122017106 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 122017106 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 3,738,507 6 SHARED VOTING POWER 55,443 7 SOLE DISPOSITIVE POWER 4,252,228 8 SHARED DISPOSITIVE POWER 32,798 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,286,128 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.6 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer BURLINGTON STORES, INC. (b) Address of Issuer's Principal Executive Offices 2006 Route 130 North, Burlington, New Jersey 08016 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common stock (e) CUSIP Number 122017106 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 4,286,128 (b) Percent of class: 6.6 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 3,738,507 (ii) Shared power to vote or to direct the vote: 55,443 (iii) Sole power to dispose or to direct the disposition of: 4,252,228 (iv) Shared power to dispose or to direct the disposition of: 32,798 Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o . Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company J.P. Morgan Trust Company of Delaware J.P. Morgan Securities LLC JPMorgan Chase Bank, National Association JPMorgan Asset Management (UK) Limited J.P. MORGAN SE J

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View this SC 13G/A filing on SEC EDGAR