Royal London Asset Mgmt Discloses 3M Share Stake in THOR Industries

Ticker: THO · Form: SC 13G · Filed: 2024-01-08T00:00:00.000Z

Sentiment: bullish

Topics: institutional-ownership, SC-13G, investor-confidence

TL;DR

**Royal London Asset Management just revealed a 3 million share stake in THOR Industries, signaling institutional confidence.**

AI Summary

Royal London Asset Management Ltd, a UK-based investment firm, reported on January 8, 2024, that it beneficially owns 3,002,838 shares of THOR Industries Inc. common stock as of December 31, 2023. This represents a significant stake, giving them sole voting and dispositive power over these shares. This matters to investors because a large institutional holding can signal confidence in the company's future, potentially influencing stock stability and future performance.

Why It Matters

This filing reveals a major institutional investor's significant stake in THOR Industries, indicating their belief in the company's value and potentially providing a vote of confidence to other investors.

Risk Assessment

Risk Level: low — This filing indicates a large institutional investment, which generally adds stability and positive sentiment to a stock.

Analyst Insight

A smart investor would view this as a positive signal, indicating institutional confidence in THOR Industries. It might warrant further research into THOR's fundamentals, especially if considering a long position, as large institutional holdings can provide a floor for the stock price.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

Who filed this SC 13G statement?

The SC 13G statement was filed by Royal London Asset Management Ltd, an organization based in the United Kingdom, as indicated by the 'FILED BY' section and 'PLACE OF ORGANIZATION United Kingdom' on the cover page.

What company's stock is the subject of this filing?

The subject company of this filing is THOR INDUSTRIES INC, as stated in the 'SUBJECT COMPANY' section and 'Name of Issuer' on the Schedule 13G form.

How many shares of THOR Industries common stock does Royal London Asset Management Ltd beneficially own?

Royal London Asset Management Ltd beneficially owns 3,002,838 shares of THOR Industries common stock, as reported in 'AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON' (Row 9) on the cover page.

What is the date of the event that triggered this filing?

The date of the event which required the filing of this statement was December 31, 2023, as specified on the Schedule 13G form.

Does Royal London Asset Management Ltd have sole or shared voting and dispositive power over these shares?

Royal London Asset Management Ltd has sole voting power over 3,002,838 shares and sole dispositive power over 3,002,838 shares, with zero shared voting or dispositive power, as detailed in Rows 5, 6, 7, and 8 of the cover page.

Filing Stats: 919 words · 4 min read · ~3 pages · Grade level 9 · Accepted 2024-01-08 16:01:06

Filing Documents

(a)

ITEM 1(a). NAME OF ISSUER: THOR Industries

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 601 East Beardsley Avenue Elkhart, IN 46514-3305

(a)

ITEM 2(a). NAME OF PERSON FILING: Royal London Asset Management Ltd

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 80 Fenchurch Street, London, EC3M 4BY, United Kingdom

(c)

ITEM 2(c). CITIZENSHIP: United Kingdom

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: COMMON STOCK

(e)

ITEM 2(e). CUSIP NUMBER: 885160101 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-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. 78c); (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) [ ] An 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 associations 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) [X] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. OWNERSHIP (a) Amount beneficially owned: 3,002,838 (b) Percent of class: 5.6314% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Royal London Asset Management Ltd : 3,002,838 (ii) shared power to vote or to direct the vote: Royal London Asset Management Ltd : 0 (iii) sole power to dispose or direct the disposition of: Royal London Asset Management Ltd : 3,002,838 (iv) shared power to dispose or to direct the disposition of: Royal London Asset Management Ltd : 0 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: If this statement is being filed to report

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