Allspring Global Cuts GreenTree Hospitality Stake to 2.4%

TL;DR

**Allspring Global Investments just trimmed its stake in GreenTree Hospitality to 2.4%.**

AI Summary

Allspring Global Investments Holdings, LLC, a major investment firm, filed an amended SC 13G/A on January 12, 2024, disclosing its ownership in GreenTree Hospitality Group Ltd. As of December 31, 2023, Allspring holds 1,200,000 American Depositary Shares (ADS), representing 1,200,000 Class A ordinary shares, which constitutes 2.4% of the company's total outstanding shares. This filing indicates a decrease in their stake from a previous disclosure, signaling a potential shift in their investment strategy for GreenTree Hospitality.

Why It Matters

This matters to investors because a large institutional investor like Allspring Global Investments has reduced its position, which could signal a less bullish outlook on GreenTree Hospitality Group Ltd.'s future performance.

Risk Assessment

Risk Level: medium — The reduction in a significant institutional holding could indicate a perceived increase in risk or a less favorable outlook for GreenTree Hospitality Group Ltd.

Analyst Insight

A smart investor would investigate the reasons behind Allspring Global Investments' reduced stake and consider if this signals a broader negative trend for GreenTree Hospitality Group Ltd. before making any investment decisions.

Key Numbers

• 1,200,000 — Class A Ordinary Shares (The total number of shares Allspring Global Investments Holdings, LLC beneficially owns in GreenTree Hospitality Group Ltd. as of December 31, 2023.)
• 2.4% — Beneficial Ownership Percentage (The percentage of GreenTree Hospitality Group Ltd.'s Class A ordinary shares beneficially owned by Allspring Global Investments Holdings, LLC.)

Key Players & Entities

• Allspring Global Investments Holdings, LLC (company) — the reporting person decreasing its stake
• GreenTree Hospitality Group Ltd. (company) — the subject company whose shares are being reported
• 1,200,000 (dollar_amount) — number of Class A ordinary shares beneficially owned
• 2.4% (dollar_amount) — percentage of Class A ordinary shares beneficially owned
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• GreenTree Hospitality Group Ltd. stock may experience downward pressure or increased volatility due to the reduced institutional ownership. (GreenTree Hospitality Group Ltd.) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• Greentree20231231.htm (SC 13G/A) — 27KB
• 0001890906-24-000076.txt ( ) — 29KB

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: (i) AGIH: 5,488,211 (ii) AGI: 5,488,211 (ii) AFM: 0 (b) Percent of class: (i) AGIH: 8.14% (ii) AGI: 8.14% (ii) AFM: 0% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote (1) AGIH: 4,551,297 (2) AGI: 1,780,778 (3) AFM: 0 (ii) Shared power to vote or to direct the vote (1) AGIH: 0 (2) AGI: 0 (3) AFM: 0 (iii) Sole power to dispose or to direct the disposition of (1) AGIH: 5,488,211 (2) AGI: 5,488,211 (3) AFM: 0 (iv) Shared power to dispose or to direct the disposition of (1) AGIH: 0 (2) AGI: 0 (3) AFM: 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[ ].

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 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.

Certification

Item 10. Certification 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. 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. January 10, 2024 Date /s/ Amy Stueve Signature Amy Stueve, Designated Signer Name/Title Exhibit A EXPLANATORY NOTE Exhibit B JOINT FILING AGREEMENT The undersigned hereby agree as follows: (i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and (ii) each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. Date: January 10, 2024 Allspring Global Investments Holdings, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Allspring Global Investments, LLC By: /s/ Amy Stueve Amy Stueve, Vice President Allspring Funds Management, LLC By: /s/ Amy Stueve Amy Stueve, Designated Signer Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)

View Full Filing

View this SC 13G/A filing on SEC EDGAR