BlackRock Amends GM Stake, Maintains Significant Position

TL;DR

**BlackRock still owns a big chunk of GM, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership of General Motors Co. common stock as of December 31, 2023. This filing, Amendment No. 8, indicates that BlackRock continues to be a significant institutional investor in GM. This matters to investors because BlackRock's continued substantial stake signals confidence from one of the world's largest asset managers, which can influence market perception and stability for GM stock.

Why It Matters

BlackRock's consistent large holding in General Motors Co. provides a vote of confidence from a major institutional investor, potentially reassuring other shareholders and attracting new investment.

Risk Assessment

Risk Level: low — This filing is routine and indicates stable institutional ownership, posing minimal risk to investors.

Analyst Insight

An investor should note that BlackRock's continued significant ownership in GM suggests institutional confidence, but this filing alone doesn't provide new information about changes in their stake, so further analysis of their exact percentage ownership from the full filing would be beneficial.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• General Motors Co. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event which required the filing
• January 24, 2024 (date) — the date the SC 13G/A was filed

FAQ

From the Filing

0001086364-24-002233.txt : 20240124 0001086364-24-002233.hdr.sgml : 20240124 20240124142715 ACCESSION NUMBER: 0001086364-24-002233 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: General Motors Co CENTRAL INDEX KEY: 0001467858 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 270756180 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86002 FILM NUMBER: 24555855 BUSINESS ADDRESS: STREET 1: 300 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265-3000 BUSINESS PHONE: 313.667.1500 MAIL ADDRESS: STREET 1: 300 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265-3000 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 us37045v1008_012424.txt us37045v1008_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8) GENERAL MOTORS CO -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 37045V100 -------------------------------------------------------- (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. 37045V100 (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 122179856 (6) Shared voting power 0 (7) Sole dispositive power 136950373 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 136950373 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 10.0% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- GENERAL MOTORS CO Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 300 RENAISSANCE CENTER DETROIT MI 48265-3000 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------