BlackRock Amends Funko Stake, Remains Key Institutional Holder
Ticker: FNKO · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 1704711
| Field | Detail |
|---|---|
| Company | Funko, INC. (FNKO) |
| Form Type | SC 13G/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its Funko stake, still a major player.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 7, 2024, indicating a change in its ownership of Funko, Inc. Common Stock as of January 31, 2024. This filing, an amendment (Amendment No: 1), shows BlackRock continues to be a significant institutional investor in Funko. This matters to investors because large institutional holdings can signal confidence in a company's long-term prospects, but changes in these holdings can also influence stock price and market sentiment.
Why It Matters
This filing confirms BlackRock's continued, albeit potentially adjusted, significant institutional ownership in Funko, which can impact investor confidence and stock stability.
Risk Assessment
Risk Level: low — This is a routine amendment by a large institutional investor, not indicating any immediate high-risk event for Funko.
Analyst Insight
An investor should note that BlackRock, a major institutional investor, is still involved with Funko. While this filing doesn't detail the exact change in share count, it confirms ongoing institutional interest. Investors should monitor future filings for specific changes in BlackRock's ownership percentage to gauge conviction.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Funko, Inc. (company) — the subject company whose securities are being reported
- January 31, 2024 (date) — the date of the event requiring the filing
- February 7, 2024 (date) — the date the SC 13G/A was filed
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment (Amendment No: 1) to a Schedule 13G filing under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., a large institutional investment manager.
What company's securities are the subject of this filing?
The subject company is Funko, Inc., and the securities are its Common Stock.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was January 31, 2024.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 7, 2024 regarding Funko, Inc. (FNKO).