Vanguard Group Maintains 10.99% Stake in World Kinect Corp.

TL;DR

**Vanguard still owns 10.99% of World Kinect Corp., a strong vote of confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in World Kinect Corp. As of December 29, 2023, Vanguard holds 6,559,517 shares of World Kinect Corp. Common Stock, representing 10.99% of the company. This filing indicates Vanguard's continued significant passive stake in World Kinect Corp., which is important for investors as it shows a large institutional investor maintains a substantial position, potentially signaling confidence in the company's long-term prospects.

Why It Matters

This filing confirms Vanguard's continued significant ownership in World Kinect Corp., which can be a positive signal for current and prospective shareholders, as large institutional holdings often imply a degree of stability and confidence in the company.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company fundamentals.

Analyst Insight

Investors should note that a major institutional investor like Vanguard maintains a substantial, passive stake in World Kinect Corp., which could be interpreted as a sign of long-term stability, but does not necessarily imply immediate price movement.

Key Numbers

• 6,559,517 — Shares Owned (The total number of Common Stock shares of World Kinect Corp. held by The Vanguard Group.)
• 10.99% — Ownership Percentage (The percentage of World Kinect Corp.'s Common Stock owned by The Vanguard Group, indicating a significant passive stake.)
• December 29, 2023 — Reporting Date (The specific date as of which Vanguard's ownership stake is being reported in this filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major shareholder
• World Kinect Corp. (company) — the issuer of the securities
• 6,559,517 (dollar_amount) — number of shares owned by Vanguard
• 10.99% (dollar_amount) — percentage of World Kinect Corp. owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• The Vanguard Group will maintain a significant passive stake in World Kinect Corp. for the foreseeable future. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv02302-worldkinectcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-022326.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: World Kinect Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 9800 NW 41st Street, Suite 400 Miami, FL 33178

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 981475106

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- 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 5 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: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of 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 in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. 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. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR