BlackRock Amends POOL CORP Stake: Passive Investment Update
Ticker: POOL · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 945841
| Field | Detail |
|---|---|
| Company | Pool CORP (POOL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its passive stake in POOL CORP; watch for details on their new ownership percentage.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 25, 2024, indicating a change in its ownership of POOL CORP's Common Stock as of December 31, 2023. This filing, Amendment No. 15, updates BlackRock's passive investment stake in POOL CORP. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in its confidence or investment strategy regarding POOL CORP, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated position in POOL CORP, which can be a signal to the market about institutional sentiment towards the company. Large institutional holdings can provide stability or, if significantly reduced, indicate potential concerns.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate significant risk or opportunity.
Analyst Insight
Smart investors should monitor subsequent filings from BlackRock to see if their ownership percentage in POOL CORP changes significantly, as this could indicate a shift in their long-term view of the company.
Key Numbers
- 73278L105 — CUSIP Number (identifies POOL CORP's Common Stock)
- 15 — Amendment Number (indicates this is the fifteenth amendment to BlackRock's Schedule 13G for POOL CORP)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- POOL CORP (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the date the SC 13G/A was filed
- Amendment No. 15 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will continue to hold a significant, passive stake in POOL CORP. (BlackRock Inc.) — high confidence, target: Q1 2025
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock Inc. regarding its ownership in POOL CORP.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, used by passive institutional investors like BlackRock to report changes in their beneficial ownership of a company's stock, typically when their stake is between 5% and 20% and held for investment purposes only.
What is the 'Date of Event Which Requires Filing of this Statement' for this particular filing?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as stated in the filing.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Common Stock of POOL CORP is 73278L105, as indicated in the filing.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as marked with an 'X' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding POOL CORP (POOL).