BlackRock Discloses Significant Passive Stake in GE HealthCare

TL;DR

**BlackRock just confirmed a big, passive stake in GE HealthCare as of year-end 2023.**

AI Summary

BlackRock Inc., a major investment firm, reported on January 29, 2024, that as of December 31, 2023, it holds a significant stake in GE HealthCare Technologies Inc. (NASDAQ: GEHC). This filing, an SC 13G, indicates BlackRock's position as a passive investor, meaning they don't intend to influence company management. For investors, this shows a large, institutional vote of confidence in GE HealthCare, potentially signaling stability and long-term growth prospects for the stock.

Why It Matters

This filing reveals that a major institutional investor, BlackRock, sees value in GE HealthCare, which can reassure current and potential shareholders.

Risk Assessment

Risk Level: low — This filing indicates a large, passive institutional investment, which generally adds stability rather than risk.

Analyst Insight

An investor might view this as a positive signal, suggesting that a large, sophisticated institution sees long-term value in GE HealthCare, potentially warranting further research into the company's fundamentals.

Key Players & Entities

• BlackRock Inc. (company) — the filer, a major investment firm
• GE HealthCare Technologies Inc. (company) — the subject company in which BlackRock holds shares
• December 31, 2023 (date) — the date of the event requiring the filing
• January 29, 2024 (date) — the filing date of the SC 13G

FAQ

From the Filing

0001086364-24-005121.txt : 20240129 0001086364-24-005121.hdr.sgml : 20240129 20240129152624 ACCESSION NUMBER: 0001086364-24-005121 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GE HealthCare Technologies Inc. CENTRAL INDEX KEY: 0001932393 STANDARD INDUSTRIAL CLASSIFICATION: X-RAY APPARATUS & TUBES & RELATED IRRADIATION APPARATUS [3844] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 882515116 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-93934 FILM NUMBER: 24573099 BUSINESS ADDRESS: STREET 1: 500 WEST MONROE STREET CITY: CHICAGO STATE: IL ZIP: 60661 BUSINESS PHONE: 203-360-4369 MAIL ADDRESS: STREET 1: 500 WEST MONROE STREET CITY: CHICAGO STATE: IL ZIP: 60661 FORMER COMPANY: FORMER CONFORMED NAME: GE Healthcare Holding LLC DATE OF NAME CHANGE: 20220603 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 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 1 us36266g1076_012924.txt us36266g1076_012924.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: ) GE HealthCare Technologies Inc. -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 36266G107 -------------------------------------------------------- (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. 36266G107 (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 26280441 (6) Shared voting power 0 (7) Sole dispositive power 28870429 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 28870429 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 6.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- GE HealthCare Technologies Inc. Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 500 WEST MONROE STREET CHICAGO IL 60661 Item 2. 2(a) Name of person filing: ----------------