1832 Asset Management Discloses Stake in Elbit Systems

TL;DR

**Big fund 1832 Asset Management just revealed a stake in Elbit Systems.**

AI Summary

1832 Asset Management L.P. filed an SC 13G on February 9, 2024, disclosing its ownership of common shares in Elbit Systems Ltd. as of December 31, 2023. This filing indicates that 1832 Asset Management L.P. is a significant institutional investor in Elbit Systems, holding a notable stake. This matters to current and prospective shareholders because large institutional holdings can signal confidence in the company's future prospects and can influence stock stability and trading volume.

Why It Matters

This filing reveals a major institutional investor's position in Elbit Systems, which can impact market perception and liquidity for the stock.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of an institutional holding and does not inherently signal negative risk for the company.

Analyst Insight

Smart investors should note the presence of institutional ownership as a potential indicator of long-term stability, but should also conduct their own due diligence on Elbit Systems Ltd.'s fundamentals.

Key Players & Entities

• 1832 Asset Management L.P. (company) — the reporting person and institutional investor
• Elbit Systems Ltd. (company) — the subject company whose shares are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G

Forward-Looking Statements

• Elbit Systems Ltd. will continue to attract institutional investment due to its industry position. (Elbit Systems Ltd.) — medium confidence, target: 2025-12-31

FAQ

Filing Documents

• formsc13g.htm (SC 13G) — 25KB
• 0001062993-24-002730.txt ( ) — 26KB

Ownership

Item 4. Ownership (a) Amount Beneficially Owned: 1,900,838 (b) Percent of Class: 4.28% (c) Number of shares as to which such pers on has: (i) Sole power to vote or to direct the vote: 1,900,838 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,900,838 (iv) Shared power to dispose or to direct the disposition of: 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 [ X ].

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

Identification and classification of members of the group

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

Certifications

Item 10. Certifications. 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. Page 4 of 5 By signing below, I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Investment Fund Managers and Portfolios Managers registered with the Ontario Securities Commission is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. 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. Dated: February 9, 2024 1832 Asset Management L.P. By: /s/ Kevin Brown Name/Title: Kevin Brown, VP, Compliance, Asset Management The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violati

View Full Filing

View this SC 13G filing on SEC EDGAR