BlackRock Amends Sylvamo Stake, Remains Passive Investor

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

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, transparency

TL;DR

**BlackRock's still holding Sylvamo shares, but it's a passive play.**

AI Summary

BlackRock Inc. filed an amended Schedule 13G/A on January 23, 2024, indicating its ownership of Sylvamo Corp. common stock as of December 31, 2023. This filing, Amendment No. 4, shows BlackRock's continued passive investment in the paper mill company. For investors, this means a major institutional investor maintains a significant, but non-controlling, stake in Sylvamo, which can signal stability but doesn't suggest any immediate strategic changes or activist involvement.

Why It Matters

This filing confirms BlackRock's ongoing, substantial, yet passive, ownership in Sylvamo Corp., providing transparency on institutional holdings without signaling any intent to influence company management.

Risk Assessment

Risk Level: low — This filing is routine and indicates a passive investment, posing minimal immediate risk to investors.

Analyst Insight

Investors should note that BlackRock's continued passive stake in Sylvamo Corp. suggests a long-term, hands-off investment approach, which might be viewed as a sign of stability rather than a catalyst for significant change. This filing doesn't warrant immediate action but provides transparency on a major institutional holder.

Key Players & Entities

FAQ

What type of filing is this and what does it generally mean?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It's used by institutional investors like BlackRock to report passive ownership of 5% or more of a company's stock, indicating they don't intend to influence or control the company.

Who is the reporting entity in this filing?

The reporting entity is BlackRock, Inc., a major asset management firm with its business address at 50 Hudson Yards, New York, NY.

Which company's shares are being reported on?

The shares being reported on are the Common Stock of Sylvamo Corp., a paper mill company with its business address at 6077 Primacy Parkway, Memphis, TN.

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 stated in the filing.

What is the CUSIP number for Sylvamo Corp.'s securities mentioned in the filing?

The CUSIP number for Sylvamo Corp.'s Common Stock is 871332102, as listed on the cover page of the filing.

From the Filing

0001086364-24-001363.txt : 20240123 0001086364-24-001363.hdr.sgml : 20240123 20240123115227 ACCESSION NUMBER: 0001086364-24-001363 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: Sylvamo Corp CENTRAL INDEX KEY: 0001856485 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 862596371 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-92982 FILM NUMBER: 24551306 BUSINESS ADDRESS: STREET 1: 6077 PRIMACY PARKWAY CITY: MEMPHIS STATE: TN ZIP: 38119 BUSINESS PHONE: 901-519-8000 MAIL ADDRESS: STREET 1: 6077 PRIMACY PARKWAY CITY: MEMPHIS STATE: TN ZIP: 38119 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 us8713321029_012324.txt us8713321029_012324.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 4) SYLVAMO CORP -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 871332102 -------------------------------------------------------- (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. 871332102 (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 5706041 (6) Shared voting power 0 (7) Sole dispositive power 5760988 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 5760988 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 13.9% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- SYLVAMO CORP Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 6077 PRIMACY PARKWAY MEMPHIS TN 38119 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------------------------------- BlackRock

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