Baillie Gifford Amends SCI Stake: Institutional Ownership Shift Noted
Ticker: SCI · Form: SC 13G/A · Filed: Jan 26, 2024 · CIK: 89089
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Big investor Baillie Gifford just updated their stake in Service Corp International, watch for market reaction.**
AI Summary
Baillie Gifford & Co, a major investment firm, filed an amendment (Amendment No. 5) to their Schedule 13G on January 26, 2024, indicating a change in their ownership of Service Corporation International (SCI) common stock. This filing, triggered by an event on December 29, 2023, is important because it signals a shift in a significant institutional investor's position, which can influence market perception and potentially the stock's price for current and prospective shareholders.
Why It Matters
Changes in large institutional holdings like Baillie Gifford's can signal confidence or concern in a company, potentially impacting stock price and investor sentiment.
Risk Assessment
Risk Level: low — This filing is an amendment to a passive ownership report, indicating a change in a large investor's stake, which is generally not a high-risk event.
Analyst Insight
An investor should investigate the specific details of Baillie Gifford's updated stake (which would be on the subsequent pages of the full filing, not provided here) to understand if they increased or decreased their position, and then consider how this aligns with their own investment thesis for Service Corporation International.
Key Players & Entities
- Baillie Gifford & Co (company) — the investment firm filing the SC 13G/A amendment
- Service Corporation International (company) — the issuer whose common stock is being reported on
- December 29, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the date the SC 13G/A was filed
- 817565104 (number) — the CUSIP number for Service Corporation International's common stock
Forward-Looking Statements
- The market may react to the perceived change in institutional confidence in Service Corporation International. (Service Corporation International) — medium confidence, target: Within 1 week of filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 5 for Service Corporation International.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Baillie Gifford & Co, an investment management firm based in Edinburgh, X0 (Scotland).
What company's securities are being reported on in this filing?
This filing reports on the Common Stock of Service Corporation International, which has a CUSIP number of 817565104.
When was the event that triggered this filing?
The event which required the filing of this statement occurred on December 29, 2023.
Under which rule was this Schedule 13G/A filed?
This Schedule 13G/A was filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box [X].
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 26, 2024 regarding SERVICE CORP INTERNATIONAL (SCI).