Vanguard Amends L3Harris Stake, Signals Passive Investment

TL;DR

**Vanguard updated its L3Harris stake, confirming its role as a major passive investor.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on January 10, 2024, indicating its ownership of L3Harris Technologies Inc. common stock as of December 29, 2023. This filing, Amendment No. 13, updates their previous disclosures regarding their passive investment in the defense contractor. This matters to investors because Vanguard is a significant institutional holder, and changes in their reported stake can signal shifts in broad market sentiment or investment strategies towards L3Harris Technologies.

Why It Matters

This filing confirms Vanguard's continued significant, but passive, ownership in L3Harris, providing transparency on institutional holdings for current and prospective shareholders.

Risk Assessment

Risk Level: low — This is a routine amendment from a large institutional investor, indicating passive ownership, which typically carries low risk.

Analyst Insight

Investors should note that Vanguard's continued passive ownership suggests a long-term, index-based investment strategy rather than an active vote of confidence or concern about L3Harris's immediate prospects.

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• L3Harris Technologies Inc (company) — issuer of the common stock
• December 29, 2023 (date) — date of the event requiring the filing
• January 10, 2024 (date) — filing date of the SC 13G/A

FAQ

From the Filing

0001104659-24-002853.txt : 20240110 0001104659-24-002853.hdr.sgml : 20240110 20240110101657 ACCESSION NUMBER: 0001104659-24-002853 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240110 DATE AS OF CHANGE: 20240110 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: L3HARRIS TECHNOLOGIES, INC. /DE/ CENTRAL INDEX KEY: 0000202058 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 340276860 STATE OF INCORPORATION: DE FISCAL YEAR END: 1229 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-37049 FILM NUMBER: 24525260 BUSINESS ADDRESS: STREET 1: 1025 W NASA BLVD CITY: MELBOURNE STATE: FL ZIP: 32919 BUSINESS PHONE: 3217279100 MAIL ADDRESS: STREET 1: 1025 W NASA BLVD CITY: MELBOURNE STATE: FL ZIP: 32919 FORMER COMPANY: FORMER CONFORMED NAME: HARRIS CORP /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: HARRIS SEYBOLD CO DATE OF NAME CHANGE: 19600201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0006-l3harristechnologiesi.htm SCHEDULE 13G/A l3harristechnologiesinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 13)* Name of issuer:  L3Harris Technologies Inc Title of Class of Securities:  Common Stock CUSIP Number:  502431109 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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 ("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). (Continued on the following page(s))     13G CUSIP No.:  502431109 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 222,832 7.  SOLE DISPOSITIVE POWER 19,391,469 8.  SHARED DISPOSITIVE POWER 794,955 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,186,424 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.65% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: L3Harris Technologies Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 1025 West NASA Boulevard Melbourne, FL 32919 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Offic