Apollo Amends TD SYNNEX Stake, Signals Ownership Change

TL;DR

**Apollo just updated its TD SYNNEX ownership, watch for market reaction!**

AI Summary

Apollo Management Holdings GP, LLC filed an amendment (SC 13D/A) on January 17, 2024, indicating a change in their beneficial ownership of TD SYNNEX CORPORATION (NYSE: SNX) common stock, effective January 12, 2024. This amendment, number 6, updates previous filings regarding their stake in the company. This matters to investors because significant changes in ownership by large institutional investors like Apollo can signal shifts in their investment strategy or outlook on the company's future performance, potentially influencing market sentiment and stock price.

Why It Matters

Changes in major institutional holdings can impact a stock's perceived value and future direction, as large investors often have deep insights into a company's prospects.

Risk Assessment

Risk Level: medium — While not inherently negative, a change in a major holder's stake introduces uncertainty about their long-term commitment and future actions, which could affect stock stability.

Analyst Insight

Investors should monitor subsequent filings from Apollo Management Holdings GP, LLC to understand the nature and extent of their ownership changes in TD SYNNEX CORPORATION, as this could provide further insight into their investment thesis or potential future actions regarding the company.

Key Players & Entities

• Apollo Management Holdings GP, LLC (company) — the entity filing the SC 13D/A amendment
• TD SYNNEX CORPORATION (company) — the subject company whose securities are being reported
• January 17, 2024 (date) — the filing date of the SC 13D/A
• January 12, 2024 (date) — the date of the event requiring the filing
• Erin E. Martin, Esq. (person) — person authorized to receive notices for the filing
• Morgan, Lewis & Bockius LLP (company) — law firm representing the filing person
• $0.001 (dollar_amount) — par value per share of TD SYNNEX common stock

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common stock, par value $0.001 per share (Titl e of Class of Securiti
• $101.50 — of 2,250,000 shares of Common Stock for $101.50 per share in open market transactions:

Filing Documents

• tm243471d1_sc13da.htm (SC 13D/A) — 161KB
• 0001104659-24-004539.txt ( ) — 164KB

Interest

Item 5. Interest in Securities of the Issuer

of the Schedule 13D is hereby amended

Item 5 of the Schedule 13D is hereby amended and restated as follows: (a) & (b) Information in Rows 7 to 13 of the respective cover pages of the individual Reporting Persons are incorporated into this Item 5 by reference. The aggregate beneficial ownership of the Common Stock by the Reporting Persons is as follows: Sole Voting Power 0 Shared Voting Power 26,153,049 Sole Dispositive Power 0 Shared Dispositive Power 26,153,049 The Reporting Persons’ aggregate percentage beneficial ownership of the total amount of Common Stock outstanding is 29.1%, based on a total of 89,987,234 shares of Common Stock as of October 13, 2023, as disclosed in the Issuer’s prospectus supplement filed with the SEC on October 12, 2023 and the Issuer’s current report on Form 8-K filed with the SEC on October 13, 2023. Each of the entities listed above, other than AP IX Tiger, Tiger Co-Invest II and Tiger Co-Invest ML (collectively, the “Record Holders”), disclaims beneficial ownership of any shares of the Common Stock owned of record by the Record Holders, except to the extent of any pecuniary interest therein, and the filing of this Schedule 13D shall not be construed as an admission that any such person or entity is the beneficial purpose. (c) The Reporting Persons effected the following transaction of the Common Stock during the 60 days preceding the date of this Schedule 13D: on January 12, 2024, the Reporting Persons set forth below sold an aggregate of 2,250,000 shares of Common Stock for $101.50 per share in open market transactions: AP IX Tiger 1,407,600 shares Tiger Co-Invest II 309,900 shares Tiger Co-Invest ML 532,500 shares (d) & (e) Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is

View Full Filing

View this SC 13D/A filing on SEC EDGAR