FMR LLC & Abigail Johnson Trim ELS Stake to 3.980%
Ticker: ELS · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 895417
| Field | Detail |
|---|---|
| Company | Equity Lifestyle Properties Inc (ELS) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity-holdings
TL;DR
**FMR LLC and Abigail Johnson now own 3.980% of ELS, a slight decrease in their reported stake.**
AI Summary
FMR LLC, a major investment firm, and its CEO, Abigail P. Johnson, have updated their ownership stake in Equity Lifestyle Properties Inc. (ELS). As of December 31, 2023, they collectively beneficially own 7,419,896 shares, representing 3.980% of the company's common stock. This is a decrease from their previously reported 7,248,715 shares with sole voting power, indicating a slight shift in their investment strategy or a reclassification of their holdings. This matters to investors because FMR LLC is a significant institutional holder, and changes in their position can signal their confidence in ELS's future performance.
Why It Matters
This filing shows a prominent institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have adjusted their holdings in Equity Lifestyle Properties Inc., which can influence market perception and investor confidence.
Risk Assessment
Risk Level: low — This filing indicates a minor adjustment in an institutional holding, which typically carries low risk for individual investors.
Analyst Insight
Investors should note that a major institutional holder like FMR LLC has adjusted its position, but the change is minor and doesn't suggest a strong bullish or bearish signal. It's prudent to monitor future filings for more significant shifts in institutional ownership.
Key Numbers
- 7,419,896 — Shares Beneficially Owned (Total common stock shares held by FMR LLC and Abigail P. Johnson in Equity Lifestyle Properties Inc.)
- 3.980% — Percent of Class (The percentage of Equity Lifestyle Properties Inc.'s common stock owned by FMR LLC and Abigail P. Johnson.)
- 7,248,715 — Sole Voting Power (FMR LLC) (The number of shares FMR LLC had sole voting power over, as reported in Item 5.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, likely CEO of FMR LLC
- Equity Lifestyle Properties Inc. (company) — the issuer of the common stock
- 7,419,896 (dollar_amount) — total shares beneficially owned
- 3.980% (dollar_amount) — percentage of class beneficially owned
Forward-Looking Statements
- FMR LLC will maintain a significant, but potentially fluctuating, institutional stake in Equity Lifestyle Properties Inc. over the next year. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
What is the total number of shares beneficially owned by FMR LLC and Abigail P. Johnson in Equity Lifestyle Properties Inc.?
According to Item 4(a) and Item 9 for both reporting persons, FMR LLC and Abigail P. Johnson beneficially own a total of 7,419,896 shares of Equity Lifestyle Properties Inc. common stock.
What percentage of Equity Lifestyle Properties Inc.'s common stock do FMR LLC and Abigail P. Johnson collectively own?
Item 4(b) and Item 11 for both reporting persons state that FMR LLC and Abigail P. Johnson collectively own 3.980% of the common stock of Equity Lifestyle Properties Inc.
What is the CUSIP number for Equity Lifestyle Properties Inc. common stock?
The CUSIP number for Equity Lifestyle Properties Inc. common stock is 29472R108, as stated in the filing under 'Cusip #29472R108'.
Where are the principal executive offices of Equity Lifestyle Properties Inc. located?
The principal executive offices of Equity Lifestyle Properties Inc. are located at Two N Riverside Plaza, Suite 800, Chicago, IL 60606, as detailed in Item 1(b) of the filing.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed pursuant to Rule 13d-1(b), as indicated by the checked box '[x] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding EQUITY LIFESTYLE PROPERTIES INC (ELS).