BlackRock Updates Celsius Holdings Stake as of Dec 31, 2023
Ticker: CELH · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1341766
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Celsius, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of Celsius Holdings, Inc. common stock as of December 31, 2023. This filing updates their previous disclosure, showing their continued significant, but passive, stake in the energy drink company. This matters to investors because BlackRock is a major institutional investor, and their holdings can signal confidence in Celsius's long-term prospects, even if their percentage ownership changes slightly.
Why It Matters
This filing confirms BlackRock's ongoing substantial investment in Celsius Holdings, which can be seen as a vote of confidence from a major institutional player. Investors should note that this is a passive investment, meaning BlackRock isn't seeking to influence company management.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company operations.
Analyst Insight
Investors should view this as a routine update from a major institutional holder, confirming their continued, passive interest in Celsius Holdings. It doesn't suggest an immediate need for action but reinforces the company's institutional backing.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Celsius Holdings, Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Celsius Holdings, Inc. throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the 'subject company' in this filing?
The subject company is Celsius Holdings, Inc., identified by CIK 0001341766 and located at 2424 N. Federal Hwy, Suite 208, Boca Raton, FL.
Who is the 'filing person' or 'reporting person' for this document?
The filing person is BlackRock Inc., identified by CIK 0001364742 and located at 50 Hudson Yards, New York, NY.
What is the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement is December 31, 2023.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding Celsius Holdings, Inc. (CELH).