JPMorgan Chase Discloses 6.6% Passive Stake in FLEETCOR

TL;DR

**JPMorgan Chase just revealed a 6.6% passive stake in FLEETCOR, a bullish signal for the stock.**

AI Summary

JPMorgan Chase & Co. reported a significant passive ownership stake in FLEETCOR Technologies, Inc. (FLT) as of December 29, 2023. This SC 13G filing indicates that JPMorgan Chase & Co. now holds 5,090,200 shares of FLEETCOR's common stock, representing 6.6% of the company's total outstanding shares. This matters to investors because it signals a major financial institution's confidence in FLEETCOR, potentially indicating a stable long-term investment, but without any intent to influence management.

Why It Matters

A large, passive stake by a major financial institution like JPMorgan Chase can be seen as a vote of confidence in FLEETCOR's long-term value, potentially attracting other institutional investors.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally poses low risk to existing shareholders as there's no intent to change control.

Analyst Insight

A smart investor would view this as a positive indicator of institutional confidence in FLEETCOR's long-term prospects, but should still conduct their own due diligence on the company's fundamentals.

Key Numbers

• 5,090,200 — Shares Owned (The total number of FLEETCOR common shares held by JPMorgan Chase & Co.)
• 6.6% — Ownership Percentage (The percentage of FLEETCOR's total outstanding common stock owned by JPMorgan Chase & Co.)
• December 29, 2023 — Event Date (The date on which JPMorgan Chase & Co. acquired the stake requiring this filing.)

Key Players & Entities

• JPMorgan Chase & Co. (company) — the entity reporting a significant ownership stake
• FLEETCOR Technologies, Inc. (company) — the subject company in which shares are owned
• 5,090,200 (dollar_amount) — number of shares of common stock owned by JPMorgan Chase & Co.
• 6.6% (dollar_amount) — percentage of FLEETCOR's common stock owned by JPMorgan Chase & Co.
• December 29, 2023 (person) — the date of the event requiring the filing

Forward-Looking Statements

• Other institutional investors may view JPMorgan Chase's passive stake as a positive signal, potentially leading to increased institutional interest in FLEETCOR. (FLEETCOR Technologies, Inc.) — medium confidence, target: Within the next 6-12 months

FAQ

Key Financial Figures

• $0.001 — , Inc (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securiti

Filing Documents

• FLEETCOR_Technologies_Inc..htm (SC 13G) — 86KB
• 0000019617-24-000031.txt ( ) — 88KB

From the Filing

SC 13G 1 FLEETCOR_Technologies_Inc..htm FILING FLEETCOR TECHNOLOGIES, INC Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* FLEETCOR Technologies, Inc (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securities) 339041105 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 339041105 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 3,462,731 6 SHARED VOTING POWER 20,859 7 SOLE DISPOSITIVE POWER 3,826,430 8 SHARED DISPOSITIVE POWER 2,946 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,831,619 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.3 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer FLEETCOR Technologies, Inc (b) Address of Issuer's Principal Executive Offices 3280 Peachtree Road, Suite 2400, Atlanta, Georgia 30305 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock, $0.001 par value (e) CUSIP Number 339041105 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) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A 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. 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: 3,831,619 (b) Percent of class: 5.3 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 3,462,731 (ii) Shared power to vote or to direct the vote: 20,859 (iii) Sole power to dispose or to direct the disposition of: 3,826,430 (iv) Shared power to dispose or to direct the disposition of: 2,946 Item 5. 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 o . Item 6. 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 J.P. Morgan Trust Company of Delaware J.P. Morgan Securities LLC JPMorgan Asset Management (UK) Limited J.P. MORGAN SE

View Full Filing

View this SC 13G filing on SEC EDGAR