Vanguard Amends COPT Defense Properties Stake as of Dec 29, 2023

TL;DR

**Vanguard updated its COPT Defense Properties stake, signaling a potential shift in institutional sentiment.**

AI Summary

The Vanguard Group Inc. has filed an amended Schedule 13G/A for COPT Defense Properties, indicating a change in their ownership stake as of December 29, 2023. This filing, an amendment number 19, updates their previous disclosures regarding their holdings in the real estate investment trust (REIT) specializing in properties leased to U.S. government and defense contractors. For investors, this matters because Vanguard is a major institutional investor, and changes in their position can signal shifts in their confidence or investment strategy regarding COPT Defense Properties' stock.

Why It Matters

This filing shows Vanguard's updated ownership in COPT Defense Properties, which can influence market perception and potentially impact the stock's trading volume and price.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor, not indicating any immediate or significant risk to the company or its shareholders.

Analyst Insight

Investors should note Vanguard's continued presence as a major shareholder, which often signals a degree of stability, but should also review the full 13G/A filing for specific changes in share count to understand the exact nature of the updated position.

Key Players & Entities

• Vanguard Group Inc. (company) — the reporting person filing the SC 13G/A
• COPT Defense Properties (company) — the subject company whose securities are being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• Amendment No.: 19 (number) — the specific amendment number for this filing
• 22002T108 (number) — the CUSIP number for COPT Defense Properties Common Stock

Forward-Looking Statements

• Vanguard will maintain a significant, but passive, ownership stake in COPT Defense Properties. (Vanguard Group Inc.) — high confidence, target: Next 12 months

FAQ

Filing Documents

• tv0679-coptdefenseproperties.htm (SC 13G/A) — 11KB
• 0001104659-24-020679.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: COPT Defense Properties

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 6711 Columbia Gateway Drive, Suite 300 Columbia, MD 21046

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 22002T108

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership 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 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR