BlackRock Amends IBM Stake, Maintains Passive Position

TL;DR

**BlackRock still owns a big chunk of IBM, signaling long-term confidence.**

AI Summary

BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of International Business Machines Corporation (IBM) common stock as of December 31, 2023. This filing, Amendment No. 9, updates their previous disclosures, confirming their continued significant, but passive, stake in IBM. This matters to investors because BlackRock is a major institutional investor, and their sustained position suggests confidence in IBM's long-term prospects, potentially influencing other investors' perceptions of the stock.

Why It Matters

BlackRock's continued significant ownership in IBM signals institutional confidence, which can positively influence market sentiment and investor perception of IBM's stability.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in strategy.

Analyst Insight

An investor should view this as a routine update from a major institutional holder, confirming their ongoing, passive investment in IBM. It doesn't signal an immediate buy or sell, but rather reinforces the idea that large institutions see IBM as a stable, long-term holding.

Key Players & Entities

• BlackRock, Inc. (company) — the reporting person and institutional investor
• International Business Machines Corporation (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 25, 2024 (date) — the filing date of the SC 13G/A
• Amendment No: 9 (number) — the specific amendment number for this filing

FAQ

From the Filing

0001086364-24-003684.txt : 20240125 0001086364-24-003684.hdr.sgml : 20240125 20240125165924 ACCESSION NUMBER: 0001086364-24-003684 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL BUSINESS MACHINES CORP CENTRAL INDEX KEY: 0000051143 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER & OFFICE EQUIPMENT [3570] ORGANIZATION NAME: 06 Technology IRS NUMBER: 130871985 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-38959 FILM NUMBER: 24562908 BUSINESS ADDRESS: STREET 1: 1 NEW ORCHARD ROAD CITY: ARMONK STATE: NY ZIP: 10504 BUSINESS PHONE: 9144991900 MAIL ADDRESS: STREET 1: 1 NEW ORCHARD RD CITY: ARMONK STATE: NY ZIP: 10504 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 us4592001014_012524.txt us4592001014_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 9) INTERNATIONAL BUSINESS MACHINES CORPORATION -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 459200101 -------------------------------------------------------- (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. 459200101 (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 68491656 (6) Shared voting power 0 (7) Sole dispositive power 75479656 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 75479656 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- INTERNATIONAL BUSINESS MACHINES CORPORATION Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1 NEW ORCHARD RD ARMONK NY 10504 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, reside