BlackRock Discloses Passive Stake in Funko (FNKO)
Ticker: FNKO · Form: SC 13G · Filed: Feb 2, 2024 · CIK: 1704711
| Field | Detail |
|---|---|
| Company | Funko, INC. (FNKO) |
| Form Type | SC 13G |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investing, SC-13G
TL;DR
**BlackRock owns a chunk of Funko, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, reported on February 2, 2024, that it holds a significant stake in Funko, Inc. (FNKO) as of December 31, 2023. This filing indicates BlackRock's passive ownership of Funko's Common Stock, meaning they are not seeking to influence management. This matters to investors because large institutional holdings like BlackRock's can signal confidence in the company's long-term prospects and provide a degree of stability to the stock.
Why It Matters
This filing confirms a major institutional investor's continued interest in Funko, which can be a positive signal for other investors and potentially reduce stock volatility.
Risk Assessment
Risk Level: low — This filing indicates passive ownership by a large institution, which generally reduces risk by providing stability rather than introducing activist pressure.
Analyst Insight
Investors should note BlackRock's passive stake as a sign of institutional presence, but this filing alone doesn't suggest immediate price catalysts. It's a data point for long-term confidence.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Funko, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 2, 2024 (date) — the filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain its passive stake in Funko for the foreseeable future. (BlackRock Inc.) — high confidence, target: Q4 2024
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically under Rule 13d-1(b), which is used by passive institutional investors.
Who is the 'subject company' in this filing?
The subject company is Funko, Inc., identified by CIK 0001704711 and located at 2802 Wetmore Ave, Everett, WA.
Who is the 'reporting person' in this filing?
The reporting person is BlackRock Inc., identified by CIK 0001364742 and located at 50 Hudson Yards, New York, NY.
What is the 'Title of Class of Securities' reported in this filing?
The title of the class of securities is 'Common Stock' of Funko, Inc.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 2, 2024 regarding Funko, Inc. (FNKO).