Allspring Global Investments Updates Passive Stake in Spectrum Brands

TL;DR

**Allspring Global Investments just updated their passive stake in Spectrum Brands.**

AI Summary

Allspring Global Investments Holdings, LLC filed an amended SC 13G/A on January 12, 2024, indicating their ownership of Spectrum Brands Holdings Inc. (SPB) common stock as of December 31, 2023. This amendment, filed under Rule 13d-1(b), updates their previous disclosures regarding their passive investment in the company. This matters to investors because it provides transparency into institutional ownership, showing that a significant asset manager continues to hold a position in SPB, which can be a signal of confidence or at least continued interest in the stock.

Why It Matters

This filing shows that a major institutional investor, Allspring Global Investments, maintains a passive stake in Spectrum Brands, offering insight into significant ownership positions. It can influence investor sentiment and perceptions of the stock's stability.

Risk Assessment

Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate change in investment strategy or significant corporate action.

Analyst Insight

Investors should note the continued institutional ownership by Allspring Global Investments, but this filing itself doesn't suggest any immediate action as it's a routine update of a passive stake.

Key Players & Entities

• Allspring Global Investments Holdings, LLC (company) — the entity filing the SC 13G/A
• Spectrum Brands Holdings, Inc. (company) — the subject company whose shares are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 12, 2024 (date) — the filing date of the SC 13G/A

FAQ

Filing Documents

• Spectrum_20231231.htm (SC 13G/A) — 27KB
• 0001890906-24-000096.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: 2,000,346 (ii) AGI: 1,998,507 (ii) AFM: 0 (b) Percent of class: (i) AGIH: 5.67% (ii) AGI: 5.66% (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: 1,893,127 (2) AGI: 411,348 (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: 2,000,346 (2) AGI: 1,998,507 (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 Prior to its sale on November, 1, 2021, Allspring Global Investments Holdings, LLC was a subsidiary of Wells Fargo & Company, and prior to that date, its holdings were included on Schedules 13G filed by Wells Fargo & Company, LLC. 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 misstate

View Full Filing

View this SC 13G/A filing on SEC EDGAR