State Street Corp. Maintains Significant Stake in Xencor Inc.
Ticker: XNCR · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1326732
| Field | Detail |
|---|---|
| Company | Xencor Inc (XNCR) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**State Street still owns a big chunk of Xencor, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, has updated its ownership stake in Xencor Inc., a pharmaceutical company, as of December 31, 2023. This SC 13G/A filing indicates that State Street continues to hold a significant, though passive, position in Xencor's common stock. For investors, this signals that a large institutional player maintains confidence in Xencor, which could be a positive indicator for the stock's stability and long-term prospects.
Why It Matters
This filing shows that a major institutional investor, State Street Corporation, continues to hold a substantial, passive stake in Xencor Inc., which can be seen as a vote of confidence in the company's future.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company control.
Analyst Insight
Investors should note that a major institutional investor like State Street Corporation maintains a significant, passive stake in Xencor Inc., which could be interpreted as a sign of long-term stability, but this filing alone doesn't suggest immediate price catalysts.
Key Numbers
- 98401F105 — CUSIP Number (identifies Xencor Inc.'s common stock)
- 005-87750 — SEC File Number (identifies Xencor Inc. with the SEC)
- 04-2456637 — IRS Identification Number (identifies State Street Corporation)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Xencor Inc. (company) — the subject company whose securities are being reported
- 0000093751-24-000187 (dollar_amount) — accession number for the filing
- December 31, 2023 (date) — date of event requiring the filing
Forward-Looking Statements
- State Street Corporation will maintain its passive investment strategy in Xencor Inc. for the foreseeable future. (State Street Corporation) — high confidence, target: 2025-12-31
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A filing is an amendment to a Schedule 13G, which is used by passive institutional investors to report their ownership of 5% or more of a company's stock. The '/A' indicates it's an amendment to a previously filed statement, updating the information, as seen with State Street Corporation's filing regarding Xencor Inc. on January 25, 2024.
Who is the reporting person in this SC 13G/A filing?
The reporting person in this filing is State Street Corporation, identified with IRS Identification No. 04-2456637 and located at 1 Congress Street, Suite 1, Boston, MA 02114.
What is the subject company whose shares are being reported?
The subject company is Xencor Inc., a pharmaceutical preparations company with CIK 0001326732, located at 465 N. Halstead St., Suite 200, Pasadena, CA 91107.
What was the 'Date of Event Which Requires Filing of This Statement'?
The 'Date of Event Which Requires Filing of This Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G/A was filed under Rule 13D-1(B), as indicated by the 'X' next to '(X) RULE 13D-1 (B)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding Xencor Inc (XNCR).