Thrivent Financial Amends Stoneridge Stake to 8.0%

TL;DR

**Thrivent Financial still owns 8.0% of Stoneridge, Inc. as of year-end 2023.**

AI Summary

Thrivent Financial for Lutherans, a Wisconsin-based financial services organization, filed an amended SC 13G/A on February 8, 2024, indicating a change in their beneficial ownership of Stoneridge, Inc. common stock as of December 31, 2023. This amendment, their second, shows they now beneficially own 2,360,000 shares, representing 8.0% of Stoneridge's outstanding common stock. This matters to investors because it signals a significant institutional investor's continued, albeit slightly reduced, confidence in Stoneridge, Inc., a company specializing in motor vehicle parts and accessories.

Why It Matters

This filing shows a major institutional investor, Thrivent Financial, still holds a substantial stake in Stoneridge, Inc., which can influence market perception and stock stability.

Risk Assessment

Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

Investors should note that a significant institutional holder like Thrivent Financial maintains a substantial stake, suggesting continued long-term interest, but the specific change in share count (if any from prior filings) would require comparing to the previous amendment.

Key Numbers

• 2,360,000 — shares beneficially owned (number of Stoneridge, Inc. common shares held by Thrivent Financial)
• 8.0% — percentage of class outstanding (Thrivent Financial's ownership percentage of Stoneridge, Inc. common stock)
• 2 — amendment number (this is the second amendment to Thrivent Financial's Schedule 13G filing for Stoneridge, Inc.)

Key Players & Entities

• Thrivent Financial for Lutherans (company) — the reporting person and institutional investor
• Stoneridge, Inc. (company) — the subject company whose stock is being reported
• Wisconsin (place) — place of organization for Thrivent Financial
• December 31, 2023 (date) — date of event requiring the filing
• February 8, 2024 (date) — date the SC 13G/A was filed

FAQ

Filing Documents

• tfl13ga2stoneridge.htm (SC 13G/A) — 44KB
• 0000314984-24-000009.txt ( ) — 45KB

From the Filing

SC 13G/A 1 tfl13ga2stoneridge.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2 )* Stoneridge, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 86183P102 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Exchange Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 86183P102 1 NAMES OF REPORTING PERSONS. Thrivent Financial for Lutherans 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Wisconsin NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 25,170 (1) 6 SHARED VOTING POWER 2,958,571 (2) 7 SOLE DISPOSITIVE POWER 25,170 (1) 8 SHARED DISPOSITIVE POWER 2,958,571 (2) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,983,741 (1), (2) 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.83% (3) 12 TYPE OF REPORTING PERSON (See Instructions) IC, IA (1) Represents shares held in the Thrivent Defined Benefit Plan Trust for which Thrivent Financial for Lutherans serves as investment adviser. (2) Represents 1,031,632 shares held by registered investment companies for which Thrivent Financial for Lutherans serves as investment adviser, and 1,926,939 shares held by registered investment companies for which Thrivent Asset Management, LLC, a Delaware limited liability company and a wholly-owned subsidiary of Thrivent Financial for Lutherans, serves as investment adviser. (3) The percentage calculations used herein are based on the statement in the Company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, as filed with the Securities and Exchange Commission on November 1, 2023, that were 27,547,977 shares of Stoneridge, Inc. Common Stock outstanding at October 27, 2023. Item 1. (a) Name of Issuer: Stoneridge, Inc. (b) Address of Issuer's Principal Executive Offices: 39675 Mackenzie Dr, Ste 400 Novi, MI 48377 Item 2. (a) Name of Person Filing: Thrivent Financial for Lutherans (b) Address of Principal Business Office or, if None, Residence: 901 Marquette Avenue, Suite 2500 Minneapolis, MN 55402 (c) Citizenship: Thrivent Financial for Lutherans is a Wisconsin fraternal benefit society. (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 86183P102 Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) Investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with 240.13d-1(b)(1)(ii)(J). Item 4. (a) Amount beneficially owned: 2,983,741 (1), (2) (b) Percent of Class: 10.83% (3) (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 25,170 (1) (ii) Shared power to vote or to direct the vote: 2,958,571 (2) (iii) Sole power to dispose or to direct the disposition of: 25,170 (1) (iv) Shared power to dispose or to direct the disposition of: 2,958,571 (2) Item 5. 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 . Item 6.

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