State Street Corp Amends CareDx Stake Filing
Ticker: CDNA · Form: SC 13G/A · Filed: Jan 10, 2024 · CIK: 1217234
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**State Street just updated their CareDx holdings, confirming their continued passive stake.**
AI Summary
State Street Corp, a major financial institution, filed an amended Schedule 13G/A on January 10, 2024, indicating its ownership of CareDx, Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, showing their continued passive investment in CareDx. For investors, this means a large institutional player maintains a position in CareDx, which can signal a degree of confidence in the company's long-term prospects, potentially influencing stock stability.
Why It Matters
This filing confirms State Street Corp's ongoing significant, but passive, ownership in CareDx, Inc., providing transparency on institutional holdings which can impact investor sentiment and stock liquidity.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating no immediate change in investment strategy or significant market risk.
Analyst Insight
An investor should note that State Street Corp maintains a passive stake in CareDx, Inc., suggesting no immediate activist intent. This filing primarily serves as an update on their existing position, and further analysis would require reviewing the full Schedule 13G/A to see the exact percentage of ownership.
Key Players & Entities
- State Street Corp (company) — the reporting person filing the SC 13G/A
- CareDx, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 10, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' section.
Who is the reporting person in this filing?
The reporting person is State Street Corp, as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP'.
What is the subject company whose securities are being reported?
The subject company is CareDx, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CareDx, Inc.'.
What is the CUSIP number for the class of securities reported?
The CUSIP number is 14167L103, as listed under 'CUSIP NUMBER' and 'CUSIP NO:14167L103'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 10, 2024 regarding CareDx, Inc. (CDNA).