Royce & Associates Holds 4.15M Shares in GCM Grosvenor
Ticker: GCMG · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1819796
| Field | Detail |
|---|---|
| Company | Gcm Grosvenor Inc. (GCMG) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, investment-firm, beneficial-ownership
TL;DR
**Royce & Associates still owns 4.15M shares of GCMG, showing continued institutional interest.**
AI Summary
Royce & Associates, LP, an investment firm, filed an amended SC 13G/A on January 23, 2024, disclosing its beneficial ownership in GCM Grosvenor Inc. (NASDAQ: GCMG). As of December 31, 2023, Royce & Associates, LP holds sole voting and dispositive power over 4,150,335 shares of GCM Grosvenor's Class A Common Stock. This filing indicates a significant, but not necessarily new, stake by a major institutional investor, which can signal confidence in the company's long-term prospects.
Why It Matters
This filing shows a major institutional investor, Royce & Associates, LP, maintains a significant stake in GCM Grosvenor, which can be a positive signal for other investors considering the stock.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous disclosure, indicating a stable or slightly adjusted position by an institutional investor, which generally carries low risk.
Analyst Insight
Investors should note that a significant institutional holder like Royce & Associates, LP maintaining its position suggests continued confidence in GCM Grosvenor. While not a direct buy signal, it provides a data point for due diligence, indicating that professional money managers see value in the stock.
Key Numbers
- 4,150,335 — Shares Beneficially Owned (Represents the number of Class A Common Stock shares of GCM Grosvenor Inc. held by Royce & Associates, LP with sole voting and dispositive power as of December 31, 2023.)
- December 31, 2023 — Date of Event (The specific date that triggered the requirement for this filing, indicating the snapshot of ownership.)
- 36831E108 — CUSIP Number (Unique identifier for GCM Grosvenor Inc.'s Class A Common Stock.)
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- GCM Grosvenor Inc. (company) — the subject company whose shares are being reported
- New York (company) — place of organization for Royce & Associates, LP
- 0001819796 (company) — Central Index Key (CIK) for GCM Grosvenor Inc.
- 0000906304 (company) — Central Index Key (CIK) for Royce & Associates, LP
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A is an amendment (Amendment No. 4) to a Schedule 13G, filed by Royce & Associates, LP, to update their beneficial ownership information in GCM Grosvenor Inc. as of December 31, 2023, as required by the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is Royce & Associates, LP, with IRS Identification No. 52-2343049 and organized in New York, as stated on the cover page of the filing.
How many shares of GCM Grosvenor Inc. Class A Common Stock does Royce & Associates, LP beneficially own?
As of December 31, 2023, Royce & Associates, LP beneficially owns 4,150,335 shares of GCM Grosvenor Inc. Class A Common Stock, with both sole voting power and sole dispositive power over these shares, according to Item 5 and Item 7 on the cover page.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Class A Common Stock of GCM Grosvenor Inc. is 36831E108, as indicated on the cover page of the Schedule 13G.
When was the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding GCM Grosvenor Inc. (GCMG).