FMR LLC & Abigail Johnson Trim COPT Defense Properties Stake to 3.812%
Ticker: CDP · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 860546
| Field | Detail |
|---|---|
| Company | Copt Defense Properties (CDP) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, real-estate
TL;DR
**FMR LLC and Abigail Johnson slightly trimmed their COPT Defense Properties stake to 3.812%.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in COPT DEFENSE PROPERTIES. As of February 9, 2024, they collectively hold 4,290,896 shares of common stock, representing 3.812% of the company. This is an amendment (Amendment No. 8) to a previous filing, indicating a slight adjustment in their passive investment, which matters to investors as it shows a significant institutional holder's continued, albeit slightly reduced, interest in the company.
Why It Matters
This filing indicates a minor reduction in FMR LLC's and Abigail P. Johnson's passive ownership in COPT DEFENSE PROPERTIES, signaling a slight shift in a major institutional investor's position. While still a significant holder, the decrease could be interpreted as a minor loss of conviction or a portfolio rebalancing.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive investment filing, indicating a minor change in ownership by a large institutional investor, which typically carries low immediate risk.
Analyst Insight
Investors should note that a major institutional investor, FMR LLC, continues to hold a substantial, though slightly reduced, passive stake in COPT DEFENSE PROPERTIES. This suggests continued confidence in the company's long-term prospects, but the minor reduction might warrant a closer look at any recent company news or sector trends for potential reasons.
Key Numbers
- 4,290,896 — Shares Beneficially Owned (Total common stock shares held by FMR LLC and Abigail P. Johnson in COPT DEFENSE PROPERTIES.)
- 3.812% — Percentage of Class (The percentage of COPT DEFENSE PROPERTIES' common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 8 — Amendment Number (This is the 8th amendment to the original Schedule 13G filing, indicating ongoing adjustments.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- COPT DEFENSE PROPERTIES (company) — the issuer of the securities
- 4,290,896 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 3.812% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
- February 9, 2024 (date) — date of the filing
Forward-Looking Statements
- FMR LLC will maintain a significant, albeit passive, investment in COPT DEFENSE PROPERTIES. (FMR LLC) — high confidence, target: 2025-02-09
- COPT DEFENSE PROPERTIES' stock price will not be significantly impacted by this minor ownership adjustment. (COPT DEFENSE PROPERTIES) — medium confidence, target: 2024-03-09
FAQ
Who are the primary entities reporting their ownership in COPT DEFENSE PROPERTIES in this filing?
The primary entities reporting their ownership are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both reporting persons.
What is the total number of common stock shares of COPT DEFENSE PROPERTIES beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson each beneficially own 4,290,896 shares of common stock, as indicated in Item 9 for both reporting persons.
What percentage of COPT DEFENSE PROPERTIES' common stock do FMR LLC and Abigail P. Johnson collectively own?
Both FMR LLC and Abigail P. Johnson are reported to beneficially own 3.812% of the class of common stock, as stated in Item 11 for both reporting persons.
Under which SEC rule is this Schedule 13G/A filing made?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the filing.
What is the CUSIP number for COPT DEFENSE PROPERTIES' common stock?
The CUSIP number for COPT DEFENSE PROPERTIES' common stock is 22002T108, as listed in the filing under 'Cusip #22002T108' and Item 2(e).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding COPT DEFENSE PROPERTIES (CDP).