BlackRock Amends Privia Health Stake, Signals Passive Investment

TL;DR

**BlackRock updated its Privia Health stake, still a major passive holder.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in Privia Health Group, Inc. as of December 31, 2023. This filing indicates BlackRock's passive investment in Privia Health's Common Stock, which is important for investors as it shows a major institutional investor's continued, albeit slightly adjusted, stake in the company. This matters to shareholders because large institutional holdings can provide stability and signal confidence in the company's long-term prospects.

Why It Matters

This filing confirms BlackRock's ongoing significant, yet passive, investment in Privia Health, which can influence market perception and liquidity for the stock.

Risk Assessment

Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate change in company control or strategy.

Analyst Insight

Investors should note BlackRock's continued passive stake in Privia Health, which suggests no immediate activist intentions but rather a long-term institutional holding. This could be a positive signal for stability, but further analysis of BlackRock's specific percentage ownership (not detailed in this excerpt) would provide more actionable insight.

Key Players & Entities

• BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
• Privia Health Group, Inc. (company) — the subject company in which BlackRock holds shares
• December 31, 2023 (date) — the date of the event requiring the filing
• January 23, 2024 (date) — the filing date of the SC 13G/A
• Common Stock (other) — the class of securities held by BlackRock

FAQ

From the Filing

0001086364-24-001440.txt : 20240123 0001086364-24-001440.hdr.sgml : 20240123 20240123115230 ACCESSION NUMBER: 0001086364-24-001440 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: Privia Health Group, Inc. CENTRAL INDEX KEY: 0001759655 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HEALTH SERVICES [8000] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93499 FILM NUMBER: 24551368 BUSINESS ADDRESS: STREET 1: 950 N. GLEBE RD., SUITE 700 CITY: ARLINGTON STATE: VA ZIP: 22203 BUSINESS PHONE: 571-366-8850 MAIL ADDRESS: STREET 1: 950 N. GLEBE RD., SUITE 700 CITY: ARLINGTON STATE: VA ZIP: 22203 FORMER COMPANY: FORMER CONFORMED NAME: PH Group Parent Corp. DATE OF NAME CHANGE: 20181120 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 us74276r1023_012324.txt us74276r1023_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1) PRIVIA HEALTH GROUP, INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 74276R102 -------------------------------------------------------- (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. 74276R102 (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 16844317 (6) Shared voting power 0 (7) Sole dispositive power 17124181 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 17124181 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 14.5% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- PRIVIA HEALTH GROUP, INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 950 N. GLEBE RD., SUITE 700 ARLINGTON VA 22203 Item 2. 2(a) Name of person filing: ----------------------------------------