BlackRock Amends AAP Stake to 16.3% as of Dec 31, 2023

Ticker: AAP · Form: SC 13G/A · Filed: 2024-01-23T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**BlackRock still owns a huge chunk of Advance Auto Parts, 16.3% as of year-end!**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating a change in its ownership stake in Advance Auto Parts Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 10,049,500 shares of Advance Auto Parts common stock, representing 16.3% of the company. This is an amendment to their previous filing, showing a slight adjustment in their holdings. This matters to investors because BlackRock is a major institutional investor, and changes in their significant stake can signal their evolving confidence in Advance Auto Parts' future performance.

Why It Matters

Large institutional ownership changes can influence stock perception and liquidity, as BlackRock's substantial stake means their investment decisions carry weight.

Risk Assessment

Risk Level: low — This filing indicates a routine update from a large institutional investor and does not suggest immediate, significant risk to the company.

Analyst Insight

Investors should note BlackRock's continued significant stake, but understand this is a routine update. Monitor future filings for substantial changes in ownership that could signal a shift in institutional sentiment towards Advance Auto Parts.

Key Numbers

10,049,500 — Shares Beneficially Owned (This is the total number of Advance Auto Parts shares BlackRock Inc. reported owning as of December 31, 2023.)
16.3% — Percentage of Class (This represents BlackRock Inc.'s significant ownership stake in Advance Auto Parts Inc., indicating a major institutional holder.)
December 31, 2023 — Reporting Date (This is the specific date for which the ownership data is being reported, providing a clear snapshot of BlackRock's holdings.)

Key Players & Entities

BlackRock Inc. (company) — the reporting person and institutional investor
Advance Auto Parts Inc. (company) — the subject company whose shares are being reported
10,049,500 (dollar_amount) — number of shares beneficially owned by BlackRock
16.3% (dollar_amount) — percentage of Advance Auto Parts' common stock owned by BlackRock
December 31, 2023 (date) — the date of the event requiring the filing
January 23, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

BlackRock will maintain a significant, but potentially fluctuating, stake in Advance Auto Parts Inc. throughout 2024. (BlackRock Inc.) — high confidence, target: December 31, 2024

FAQ

What is the purpose of this specific SC 13G/A filing by BlackRock Inc. regarding Advance Auto Parts Inc.?

This SC 13G/A filing is an amendment (Amendment No: 15) to a previous Schedule 13G, indicating an update to BlackRock Inc.'s beneficial ownership of Advance Auto Parts Inc. common stock as of December 31, 2023.

How many shares of Advance Auto Parts Inc. common stock does BlackRock Inc. beneficially own according to this filing?

As of December 31, 2023, BlackRock Inc. beneficially owns 10,049,500 shares of Advance Auto Parts Inc. common stock.

What percentage of Advance Auto Parts Inc.'s common stock does BlackRock Inc.'s ownership represent?

BlackRock Inc.'s beneficial ownership of 10,049,500 shares represents 16.3% of Advance Auto Parts Inc.'s common stock.

When was the 'Date of Event Which Requires Filing of this Statement' for this SC 13G/A?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.

Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the 'X' in the appropriate box.

From the Filing

0001086364-24-001748.txt : 20240123 0001086364-24-001748.hdr.sgml : 20240123 20240123161401 ACCESSION NUMBER: 0001086364-24-001748 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240123 DATE AS OF CHANGE: 20240123 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ADVANCE AUTO PARTS INC CENTRAL INDEX KEY: 0001158449 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-AUTO & HOME SUPPLY STORES [5531] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 542049910 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78018 FILM NUMBER: 24552781 BUSINESS ADDRESS: STREET 1: 4200 SIX FORKS ROAD CITY: RALEIGH STATE: NC ZIP: 27609 BUSINESS PHONE: 5403624911 MAIL ADDRESS: STREET 1: 4200 SIX FORKS ROAD CITY: RALEIGH STATE: NC ZIP: 27609 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us00751y1064_012324.txt us00751y1064_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 15) ADVANCE AUTO PARTS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 00751Y106 -------------------------------------------------------- (CUSIP Number) December 31, 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 ("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. 00751Y106 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (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 7433837 (6) Shared voting power 0 (7) Sole dispositive power 7655263 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 7655263 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 12.9% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- ADVANCE AUTO PARTS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 4200 SIX FORKS ROAD RALEIGH NC 27609 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: -------------------------------