AustralianSuper Holds 151.4M CDIs in Coronado Global Resources
Ticker: CODQL · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1770561
| Field | Detail |
|---|---|
| Company | Coronado Global Resources INC. (CODQL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**AustralianSuper still owns a huge chunk of Coronado Global Resources.**
AI Summary
AustralianSuper Pty Ltd, an Australian superannuation fund, filed an amended Schedule 13G/A on January 25, 2024, disclosing its beneficial ownership of 151,433,685 Chess Depository Interests (CDIs) in Coronado Global Resources Inc. as of December 29, 2023. This filing indicates AustralianSuper holds sole voting power over these shares, representing a significant stake in the company. This matters to investors because a large, long-term institutional holder like AustralianSuper maintaining or adjusting its position can signal confidence or concern about the company's future prospects.
Why It Matters
This filing shows a major institutional investor's significant and active stake in Coronado Global Resources, which can influence stock stability and investor sentiment.
Risk Assessment
Risk Level: low — This is an amendment to a passive ownership filing, indicating a stable, long-term institutional holding rather than an immediate change in control or strategy.
Analyst Insight
Investors should note the continued significant institutional ownership by AustralianSuper, which suggests a degree of stability. While not a direct buy signal, it indicates a major player sees long-term value. Monitor future 13G/A filings for any changes in their position, which could signal a shift in their outlook.
Key Numbers
- 151,433,685 — Chess Depository Interests (CDIs) (Represents the total number of CDIs in Coronado Global Resources Inc. beneficially owned by AustralianSuper Pty Ltd.)
Key Players & Entities
- AustralianSuper Pty Ltd (company) — the reporting person and beneficial owner
- Coronado Global Resources Inc. (company) — the subject company (issuer)
- 151,433,685 (dollar_amount) — number of Chess Depository Interests beneficially owned
- December 29, 2023 (date) — date of event requiring the filing
- January 25, 2024 (date) — date the filing was made
Forward-Looking Statements
- AustralianSuper will maintain its significant stake in Coronado Global Resources Inc. for the foreseeable future. (AustralianSuper Pty Ltd) — medium confidence, target: December 29, 2024
FAQ
What type of securities does AustralianSuper Pty Ltd beneficially own in Coronado Global Resources Inc.?
AustralianSuper Pty Ltd beneficially owns "Chess Depository Interest" (CDIs) in Coronado Global Resources Inc., as stated under "Title of Class of Securities" and in item 5 and 9 of the Schedule 13G.
What is the total aggregate amount of Chess Depository Interests beneficially owned by AustralianSuper Pty Ltd?
The aggregate amount beneficially owned by AustralianSuper Pty Ltd is 151,433,685 Chess Depository Interests, as reported in Item 9 of the Schedule 13G.
What type of voting power does AustralianSuper Pty Ltd hold over these securities?
AustralianSuper Pty Ltd holds "Sole Voting Power" over 151,433,685 Chess Depository Interests, as indicated in Item 5 of the Schedule 13G.
When was the event that required the filing of this Schedule 13G/A?
The date of the event which required the filing of this statement was December 29, 2023, as specified on the first page of the Schedule 13G.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G/A filed under?
This Schedule 13G/A is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box on the first page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Coronado Global Resources Inc. (CODQL).