Capital International Investors Cuts Take-Two Stake to 4.5%

TL;DR

**Big investor Capital International Investors just trimmed their stake in Take-Two to 4.5%.**

AI Summary

Capital International Investors, a Delaware-based investment firm, filed an amended SC 13G/A on February 9, 2024, disclosing their ownership in Take-Two Interactive Software, Inc. As of December 29, 2023, they beneficially owned 7,752,435 shares of common stock, representing 4.5% of the company. This is a decrease from their previous holding, indicating they've sold a portion of their stake, which could signal a shift in their investment outlook for Take-Two.

Why It Matters

This filing shows a significant institutional investor has reduced its position in Take-Two, which could be interpreted as a lack of conviction in the stock's near-term performance or a reallocation of capital elsewhere.

Risk Assessment

Risk Level: medium — A major institutional investor reducing its stake can sometimes precede further stock price declines if other investors follow suit.

Analyst Insight

Investors should note this reduction by a major institutional holder and consider if it aligns with their own investment thesis for Take-Two. It might warrant a deeper dive into the company's recent performance and future outlook.

Key Numbers

• 7,752,435 — Shares Owned (The total number of Take-Two shares Capital International Investors beneficially owns as of December 29, 2023.)
• 4.5% — Ownership Percentage (The percentage of Take-Two's common stock owned by Capital International Investors, indicating a reduction from a previous, higher stake.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this amendment to be filed, showing the snapshot of their holdings.)

Key Players & Entities

• Capital International Investors (company) — the investment firm filing the SC 13G/A
• Take-Two Interactive Software, Inc. (company) — the subject company whose shares are being reported
• 7,752,435 (dollar_amount) — number of shares beneficially owned by Capital International Investors
• 4.5% (dollar_amount) — percentage of Take-Two's common stock owned by Capital International Investors
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Other institutional investors may review their positions in Take-Two Interactive Software Inc. following this disclosure. (Take-Two Interactive Software Inc.) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0001422848-24-000175.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Take-Two Interactive Software, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 874054109 (CUSIP Number) December 29, 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 (the "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. 874054109 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital International Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 7,752,435 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 7,814,268 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,814,268 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.6% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Take-Two Interactive Software, Inc. (b) Address of Issuer's Principal Executive Offices 110 West 44th Street, New York, NY 10036 Item 2. (a) Name of Person Filing Capital International Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 874054109 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) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 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 Rule 240.13d-1(b)(1)(ii)(J). Item 4. 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: 7,814,268 ** (b) Percent of Class: 4.6% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 7,752,435 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 7,814,268 (iv) shared power to dispose or to direct the disposition of 0 **Capital International Investors ("CII") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CII's divisions of each of the investment management entities collectively provide investment management services under the name "Capital International Investors." CII is deemed to be the beneficial owner of 7,814,268 shares or 4.6% of the 170,067,620 shares believed to be outstanding. 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

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