Citadel Advisors Takes 5.0% Passive Stake in COMPASS Pathways

TL;DR

**Citadel just bought 5% of COMPASS Pathways, signaling a big institutional bet.**

AI Summary

Citadel Advisors LLC, a major investment firm, reported a new passive stake in COMPASS Pathways plc (CMPS) as of December 20, 2023. This filing indicates that Citadel now beneficially owns 5.0% of COMPASS Pathways' American Depositary Shares, which represent ordinary shares. This matters to investors because a significant institutional investor like Citadel taking a 5% stake can signal confidence in the company's future prospects, potentially attracting more investor attention and influencing stock price.

Why It Matters

A large institutional investor like Citadel establishing a 5.0% stake in COMPASS Pathways plc could be seen as a vote of confidence, potentially boosting investor sentiment and the stock's visibility.

Risk Assessment

Risk Level: low — This filing indicates a passive stake, meaning Citadel is not seeking to influence management, which generally poses low risk to existing shareholders.

Analyst Insight

A smart investor would monitor COMPASS Pathways plc for potential positive price movement and increased analyst coverage, considering Citadel's new 5.0% passive stake as a potential validation of the company's prospects.

Key Numbers

• 5.0% — Percentage of Class Owned (Citadel Advisors LLC's beneficial ownership of COMPASS Pathways plc's American Depositary Shares)
• December 20, 2023 — Date of Event (The date which triggered the requirement for this SC 13G filing)

Key Players & Entities

• Citadel Advisors LLC (company) — filer of the SC 13G, reporting a new stake
• COMPASS Pathways plc (company) — the subject company in which Citadel holds a stake
• Kenneth Griffin (person) — associated with the Citadel group members
• Citadel Advisors Holdings LP (company) — group member associated with the filer
• Citadel GP LLC (company) — group member associated with the filer
• Citadel Securities GP LLC (company) — group member associated with the filer
• Citadel Securities Group LP (company) — group member associated with the filer
• Citadel Securities LLC (company) — group member associated with the filer

Forward-Looking Statements

• COMPASS Pathways plc stock may experience increased trading volume due to institutional interest. (COMPASS Pathways plc) — medium confidence, target: Q1 2024
• Other institutional investors might follow Citadel's lead and initiate or increase their positions in COMPASS Pathways plc. (COMPASS Pathways plc) — low confidence, target: Q2 2024

FAQ

Filing Documents

• tm241476d1_sc13g.htm (SC 13G) — 129KB
• tm241476d1_ex99-1.htm (EX-99.1) — 9KB
• 0001104659-24-000334.txt ( ) — 140KB

(a)

Item 1(a). Name of Issuer: COMPASS Pathways plc

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 33 Broadwick Street, London W1F 0DQ, United Kingdom

(a)

Item 2(a). Name of Person Filing: This Schedule 13G is being jointly filed by Citadel Advisors LLC (“Citadel Advisors”), Citadel Advisors Holdings LP (“CAH”), Citadel GP LLC (“CGP”), Citadel Securities LLC (“Citadel Securities”), Citadel Securities Group LP (“CALC4”), Citadel Securities GP LLC (“CSGP”) and Mr. Kenneth Griffin (collectively with Citadel Advisors, CAH, CGP, Citadel Securities, CALC4 and CSGP, the “Reporting Persons”) with respect to the Shares of the above-named issuer owned by Citadel CEMF Investments Ltd., a Cayman Islands limited company (“CCIL”), and Citadel Securities. Such owned Shares may include other instruments exercisable for or convertible into Shares. Citadel Advisors is the portfolio manager for CCIL.CAH is the sole member of Citadel Advisors.CGP is the general partner of CAH.CALC4 is the non-member manager of Citadel Securities.CSGP is the general partner of CALC4.Mr. Griffin is the President and Chief Executive Officer of CGP, and owns a controlling interest in CGP and CSGP. The filing of this statement shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any securities covered by the statement other than the securities actually owned by such person (if any).

(b)

Item 2(b). Address or Principal Business Office or, if none, Residence: The address of each of the Reporting Persons is Southeast Financial Center, 200 S. Biscayne Blvd., Suite 3300, Miami, Florida 33131.

(c)

Item 2(c). Citizenship: Each of Citadel Advisors, CGP, Citadel Securities and CSGP is organized as a limited liability company under the laws of the State of Delaware.Each of CALC4 and CAH is organized as a limited partnership under the laws of the State of Delaware.Mr. Griffin is a U.S. citizen.

(d)

Item 2(d). Title of Class of Securities: American Depositary Shares, each representing one ordinary share, par value £0.008 per share

(e)

Item 2(e). CUSIP Number: 20451W101 CUSIP No. 20451W101 13G Page 10 of 13 Pages Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. Item 4. A. Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC (a) Each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own 3,130,000 Shares. (b) The number of Shares that each of Citadel Advisors LLC, Citadel Advisors Holdings LP and Citadel GP LLC may be deemed to beneficially own constitutes 4.9% of the Shares outstanding. (c) Number of Shares as to which such person has: (i) sole power to vote or to direct the vote:0 (ii) shared power to vote or to direct the vote:3,130,000

View Full Filing

View this SC 13G filing on SEC EDGAR