FIL Ltd. & Affiliates Report 2.179% Stake in Colliers International
Ticker: CIGI · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 913353
| Field | Detail |
|---|---|
| Company | Colliers International Group INC. (CIGI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FIL Limited still owns 2.179% of Colliers International, a minor update to their passive stake.**
AI Summary
FIL Limited, a Bermuda-based investment manager, along with its affiliates Pandanus Partners, L.P. and Pandanus Associates, Inc., has updated its ownership stake in Colliers International Group Inc. As of February 9, 2024, they collectively hold 1,001,525 Subordinate Voting Shares, representing 2.179% of the company. This is an amendment to a previous filing, indicating a slight adjustment in their passive investment, which matters to investors as it shows a significant institutional holder's current position.
Why It Matters
This filing shows that a major institutional investor, FIL Limited, continues to hold a significant, albeit passive, stake in Colliers International, which can influence market perception and stability.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive investment filing, indicating no significant change in strategy or ownership that would pose a high risk.
Analyst Insight
This filing is a routine update from a passive institutional investor. Investors should note the continued, stable ownership by FIL Limited but not expect any immediate strategic shifts based on this filing alone.
Key Numbers
- 1,001,525 — Subordinate Voting Shares (total shares beneficially owned by the reporting group)
- 2.179% — percentage of class (percentage of Colliers International Group Inc. owned by the reporting group)
- 0000318989-24-000075 — Accession Number (unique identifier for this SEC filing)
- 20240209 — Filed As Of Date (date the filing was submitted to the SEC)
Key Players & Entities
- FIL Limited (company) — reporting person and investment manager
- Colliers International Group Inc. (company) — issuer of the securities
- Pandanus Partners, L.P. (company) — reporting person, affiliate of FIL Limited
- Pandanus Associates, Inc. (company) — reporting person, affiliate of FIL Limited
- Bermuda (company) — citizenship of FIL Limited
- Delaware (company) — citizenship of Pandanus Partners, L.P. and Pandanus Associates, Inc.
Forward-Looking Statements
- FIL Limited will maintain a passive investment strategy in Colliers International Group Inc. (FIL Limited) — high confidence, target: Next 12 months
FAQ
Who are the primary entities reporting their ownership in Colliers International Group Inc. in this filing?
The primary entities reporting are FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc., as stated in Item 1 of the filing for each reporting person.
What type of shares of Colliers International Group Inc. are being reported in this SC 13G/A filing?
The filing specifically states in Item 2(d) that the Title of Class of Securities is "Subordinate Voting Shares" of COLLIERS INTL GROUP INC.
What is the total number of shares beneficially owned by the reporting group, and what percentage of the company does this represent?
The reporting group beneficially owns a total of 1,001,525 Subordinate Voting Shares, which represents 2.179% of the class, as detailed in Item 9 and Item 11 for each reporting person.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Subordinate Voting Shares of Colliers International Group Inc. is 194693107, as listed in Item 2(e).
When was this amendment (SC 13G/A) filed with the SEC?
This SC 13G/A amendment was filed on February 9, 2024, as indicated by the "FILED AS OF DATE: 20240209" in the header information.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 regarding Colliers International Group Inc. (CIGI).