Allspring Global Investments Discloses 5.0% Stake in Compass Diversified Holdings
Ticker: CODI-PC · Form: SC 13G · Filed: Jan 11, 2024 · CIK: 1345126
| Field | Detail |
|---|---|
| Company | Compass Diversified Holdings (CODI-PC) |
| Form Type | SC 13G |
| Filed Date | Jan 11, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**Allspring Global now owns 5% of Compass Diversified Holdings, a bullish sign for the stock.**
AI Summary
Allspring Global Investments Holdings, LLC, a major investment firm, reported owning 5.0% of Compass Diversified Holdings (COM) as of December 31, 2023. This filing, an SC 13G, indicates a passive investment, meaning Allspring isn't looking to influence company management. For investors, this shows a significant institutional holder has confidence in Compass Diversified Holdings, potentially signaling stability or future growth prospects for the stock.
Why It Matters
A large institutional investor like Allspring Global Investments holding a 5.0% stake in Compass Diversified Holdings can be seen as a vote of confidence, potentially attracting other investors and stabilizing the stock price.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces risk by signaling confidence in the company.
Analyst Insight
Smart investors should view this as a positive signal, indicating institutional confidence in Compass Diversified Holdings. It might be worth researching the company's fundamentals further to see if it aligns with their investment strategy.
Key Numbers
- 5.0% — Percentage of Class Owned (Allspring Global Investments Holdings, LLC's ownership stake in Compass Diversified Holdings)
- December 31, 2023 — Date of Event (The date on which the ownership stake was established, requiring this filing)
Key Players & Entities
- Allspring Global Investments Holdings, LLC (company) — the reporting person and institutional investor
- Compass Diversified Holdings (company) — the subject company whose securities are being reported
- 0001890906-24-000055 (person) — accession number for the filing
- 36-4863445 (person) — Tax ID of Allspring Global Investments Holdings, LLC
- 20451Q104 (person) — CUSIP Number for Compass Diversified Holdings
Forward-Looking Statements
- Compass Diversified Holdings (COM) stock may experience increased investor confidence due to this institutional backing. (Compass Diversified Holdings) — medium confidence, target: Q1 2024
FAQ
Who filed this SC 13G statement?
This SC 13G statement was filed by Allspring Global Investments Holdings, LLC, as indicated in the 'FILED BY' section of the filing.
What is the subject company of this filing?
The subject company is Compass Diversified Holdings, with the CIK 0001345126, as stated under the 'SUBJECT COMPANY' section.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Title of Class of Securities (COM) is 20451Q104, as specified on the cover page of the Schedule 13G.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as clearly stated on the cover page of the Schedule 13G.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox on the cover page.
Filing Stats: 1,549 words · 6 min read · ~5 pages · Grade level 8.3 · Accepted 2024-01-11 16:10:01
Filing Documents
- Compass_12312023.htm (SC 13G) — 27KB
- 0001890906-24-000055.txt ( ) — 29KB
Ownership
Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (i) AGIH: 3,690,210 (ii) AGI: 3,690,210 (ii) AFM: 0 (b) Percent of class: (i) AGIH: 5.13% (ii) AGI: 5.13% (ii) AFM: 0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (1) AGIH: 3,672,593 (2) AGI: 101,793 (3) AFM: 0 (ii) Shared power to vote or to direct the vote (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0 (iii) Sole power to dispose or to direct the disposition of (1) AGIH: 3,690,210 (2) AGI: 3,690,210 (3) AFM: 0 (iv) Shared power to dispose or to direct the disposition of (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0
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 five 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. Not applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the 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 and are not held in connection with or as a participant in any transaction having that purpose or effect. 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. January 10, 2024 Date /s/ Amy Stueve Signature Amy Stueve, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE Exhibit B JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: January 10, 2024 Allspring Global Investments Holdings, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Allspring Global Investments, LLC By: /s/ Amy Stueve Amy Stueve, Vice President Allspring Funds Management, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)