Abu Dhabi Investment Authority Files Passive SC 13G on Fidelis Insurance

TL;DR

**ADIA's SC 13G on Fidelis shows zero voting power, signaling a passive or minimal stake.**

AI Summary

The Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund, filed an SC 13G on February 5, 2024, disclosing its beneficial ownership in Fidelis Insurance Holdings Ltd. As of December 31, 2023, ADIA reported having 0 shares with sole voting power and 0 shares with shared voting power, indicating a passive investment or a holding below the reporting threshold for active ownership. This matters to investors because ADIA is a major global investor, and their involvement (or lack thereof, as shown here) can signal confidence or a lack of significant interest in Fidelis Insurance Holdings Ltd.

Why It Matters

This filing indicates that the Abu Dhabi Investment Authority holds a passive stake in Fidelis Insurance Holdings Ltd., suggesting they are not seeking to influence management or control the company.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of a passive investment and does not indicate any immediate financial risk or significant change in company control.

Analyst Insight

Investors should note that a major sovereign wealth fund has a passive, non-influential stake in Fidelis, which might be seen as a neutral signal regarding the company's current valuation or strategic direction. It doesn't suggest an imminent change in company control or strategy.

Key Numbers

• 0 — Sole Voting Power (Number of shares with sole voting power held by Abu Dhabi Investment Authority as of December 31, 2023)
• 0 — Shared Voting Power (Number of shares with shared voting power held by Abu Dhabi Investment Authority as of December 31, 2023)
• G3398L118 — CUSIP Number (Identifier for Fidelis Insurance Holdings Ltd's Common Shares)

Key Players & Entities

• Abu Dhabi Investment Authority (company) — the reporting person and sovereign wealth fund
• Fidelis Insurance Holdings Ltd (company) — the subject company whose securities are being reported
• The Emirate of Abu Dhabi, United Arab Emirates (company) — place of organization for the reporting person
• December 31, 2023 (date) — date of event which requires filing of this statement
• $0.01 (dollar_amount) — par value per share of Common Shares

Forward-Looking Statements

• ADIA will maintain a passive investment stance in Fidelis Insurance Holdings Ltd. for the foreseeable future. (Abu Dhabi Investment Authority) — high confidence, target: Next 12 months

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Shares, par value $0.01 per share (Titles of Class of Securit

Filing Documents

• adia-sc13g_123123.htm (SC 13G) — 71KB
• ex-1.htm (EX-1) — 7KB
• 0001999371-24-001519.txt ( ) — 80KB

(a)

Item 1(a). Name of Issuer: Fidelis Insurance Holdings Limited

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: Wellesley House South, 90 Pitts Bay Road, Pembroke, Bermuda, HM08

(a)

Item 2(a). Name of Person Filing: 1. Abu Dhabi Investment Authority 2. Platinum Ivy B 2018 RSC Limited

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The principal business address of each of the Reporting Persons is as follows: 1. 211 Corniche Street P.O. Box 3600 Abu Dhabi, United Arab Emirates 3600 2. Level 26, Al Khatem Tower Abu Dhabi Global Market Square Al Maryah Island, Abu Dhabi United Arab Emirates

(c)

Item 2(c). Citizenship: 1. Abu Dhabi Investment Authority (ADIA) is a public institution established by the Government of the Emirate of Abu Dhabi in 1976 as an independent investment institution. ADIA is a public institution wholly owned by the Emirate of Abu Dhabi and is subject to its supervision. 2. Platinum Ivy B 2018 RSC Limited is a restricted scope company organized under the laws of the Abu Dhabi Global Market, Abu Dhabi, United Arab Emirates.

(d)

Item 2(d). Titles of Classes of Securities: Common Shares, par value $0.01 per share

(e)

Item 2(e). CUSIP Number: G3398L118 CUSIP No. G3398L118 SCHEDULE 13G Page 5 of 8 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a(n): (a) Broker or dealer registered under Section 15 of the Exchange Act (15 U.S.C. 78o). (b) Bank as defined in Section 3(a)(6) of the Exchange Act (15 U.S.C. 78c). (c) Insurance company as defined in Section 3(a)(19) of the Exchange Act (15 U.S.C. 78c). (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) Investment adviser in accordance with §240.13d-1(b)(1)(ii)(E). (f) Employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). (g) Parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G). (h) Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (13 U.S.C. 1813). (i) Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3). (j) Non-U.S. institution in accordance with §240. 13d-1(b)(1)(ii)(J). (k) 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. (a) Amount Beneficially Owned: See responses to Item 9 on each cover page. (b) Percent of Class: See responses to Item 11 on each cover page. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See responses to Item 5 on each cover page. (ii) Shared power to vote or to direct the vote: See responses to Item 6 on each cover page. (iii) Sole power to dispose or to direct the disposition of: See responses to Item 7 on each cover page. (iv) Shared power to dispose or to direct the disposition of: See responses to Item 8

View Full Filing

View this SC 13G filing on SEC EDGAR