BlackRock Amends Passive Stake in Capri Holdings
Ticker: CPRI · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a chunk of Capri Holdings, but it's a passive stake.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership in Capri Holdings Ltd (formerly Michael Kors Holdings Ltd) as of December 31, 2023. This filing indicates that BlackRock continues to hold a significant, but passive, stake in the luxury fashion company. For investors, this means a major institutional player maintains confidence in Capri Holdings, which could be a positive signal, but the filing itself doesn't reveal any new strategic moves or changes in BlackRock's investment thesis.
Why It Matters
This filing confirms BlackRock's continued significant, passive investment in Capri Holdings, signaling institutional confidence without indicating any active involvement in company strategy.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor and does not indicate any immediate risks or significant changes to the company's outlook.
Analyst Insight
Investors should note that BlackRock, a major institutional investor, maintains a passive stake in Capri Holdings. While this doesn't signal immediate action, it suggests continued institutional interest. Keep an eye on future filings for any changes in BlackRock's ownership percentage or a shift from passive to active investment, which could signal a change in their outlook.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A
- Capri Holdings Ltd (company) — the subject company in which BlackRock holds shares
- Michael Kors Holdings Ltd (company) — Capri Holdings Ltd's former name
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this and who filed it?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It was filed by BlackRock Inc. regarding its ownership in Capri Holdings Ltd.
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, used by passive institutional investors to report their beneficial ownership of 5% or more of a company's stock. The 'A' indicates it's an amendment to a previously filed statement, updating the information.
What was the 'Date of Event Which Requires Filing of this Statement' for this particular filing?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
What was Capri Holdings Ltd's former name, according to the filing?
According to the filing, Capri Holdings Ltd's former name was Michael Kors Holdings Ltd, with a date of name change on September 20, 2011.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to it in the filing.
From the Filing
EDGAR Filing Documents for 0001086364-24-003217 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-003217 Filing Date 2024-01-25 Accepted 2024-01-25 13:48:48 Documents 1 Document Format Files Seq Description Document Type Size 1 vgg1890l1076_012524.txt SC 13G/A 11882 Complete submission text file 0001086364-24-003217.txt 13809 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 90 WHITFIELD STREET 2ND FLOOR LONDON X0 W1T 4EZ Business Address 90 WHITFIELD STREET 2ND FLOOR LONDON X0 W1T 4EZ 44 207 632 8600 Capri Holdings Ltd (Subject) CIK : 0001530721 (see all company filings) EIN. : 000000000 | State of Incorp.: D8 | Fiscal Year End: 0330 Type: SC 13G/A | Act: 34 | File No.: 005-86644 | Film No.: 24560975 SIC : 3100 Leather & Leather Products (CF Office: 04 Manufacturing)