BlackRock Discloses Passive Stake in TD SYNNEX CORP
Ticker: SNX · Form: SC 13G · Filed: Jan 31, 2024 · CIK: 1177394
| Field | Detail |
|---|---|
| Company | Td Synnex Corp (SNX) |
| Form Type | SC 13G |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**BlackRock just revealed a passive stake in TD SYNNEX, signaling institutional confidence.**
AI Summary
BlackRock Inc., a major investment firm, filed an SC 13G on January 31, 2024, disclosing its ownership of TD SYNNEX CORP's Common Stock as of December 31, 2023. This filing indicates that BlackRock holds a significant, passive stake in TD SYNNEX, a company specializing in wholesale computer and peripheral equipment. For investors, this means a large institutional investor sees value in TD SYNNEX, potentially signaling stability or future growth, but BlackRock isn't actively trying to influence the company's management.
Why It Matters
This filing shows that a major institutional investor, BlackRock, has a significant, but passive, ownership in TD SYNNEX, which can be a vote of confidence for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a passive investment by a large institution, posing minimal direct risk to the stock.
Analyst Insight
Investors should note BlackRock's passive stake as a sign of institutional interest, but recognize it doesn't imply active management changes or an immediate catalyst for the stock.
Key Players & Entities
- BlackRock Inc. (company) — the filer, a major investment firm
- TD SYNNEX CORP (company) — the subject company, a wholesale computer and peripheral equipment distributor
- December 31, 2023 (date) — the date of the event requiring the filing
- January 31, 2024 (date) — the filing date of the SC 13G
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically filed under Rule 13d-1(b) of the Securities Exchange Act of 1934.
Who is the subject company of this filing?
The subject company is TD SYNNEX CORP, identified by CIK 0001177394 and CUSIP Number 87162W100.
Who filed this SC 13G?
This SC 13G was filed by BlackRock Inc., identified by CIK 0001364742.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023.
What is the business address of the filer, BlackRock Inc.?
The business address for BlackRock Inc. is 50 HUDSON YARDS, NEW YORK, NY 10001.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 31, 2024 regarding TD SYNNEX CORP (SNX).