Sumitomo Mitsui Trust Amends PacBio Stake Disclosure

Ticker: PACB · Form: SC 13G/A · Filed: 2024-02-05T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, SC-13G, investor-update

TL;DR

**Sumitomo Mitsui Trust updated their PacBio ownership, signaling a change in their institutional stake.**

AI Summary

Sumitomo Mitsui Trust Holdings, Inc. filed an amended Schedule 13G/A on February 5, 2024, indicating a change in their beneficial ownership of Pacific Biosciences of California, Inc. common stock as of December 31, 2023. This amendment, filed under Rule 13d-1(b), updates their previous disclosures regarding their investment in the genetic sequencing technology company. This matters to investors because it provides transparency into significant institutional ownership changes, which can sometimes signal confidence or lack thereof in the company's future prospects.

Why It Matters

This filing updates the public record on a major institutional investor's position in Pacific Biosciences, offering insight into their current level of commitment to the company.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor and does not inherently indicate significant risk for the company.

Analyst Insight

An investor should note this filing as a routine update from a significant institutional holder. While it doesn't provide specific share counts in the provided text, it signals ongoing institutional interest. Further investigation into the full filing would be needed to understand the exact change in ownership percentage and its potential implications.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'AMENDMENT NO. 2'.

Who is the subject company of this filing?

The subject company is PACIFIC BIOSCIENCES OF CALIFORNIA, INC., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC BIOSCIENCES OF CALIFORNIA, INC.'.

Who is the entity that filed this SC 13G/A?

The entity that filed this SC 13G/A is Sumitomo Mitsui Trust Holdings, Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sumitomo Mitsui Trust Holdings, Inc.'.

What is the CUSIP number for the class of securities reported?

The CUSIP number for the Common Stock, par value $0.001 per share, of Pacific Biosciences of California, Inc. is 69404D108, as listed on the cover page.

What was the date of the event that required this filing?

The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page.

From the Filing

0001214659-24-001846.txt : 20240205 0001214659-24-001846.hdr.sgml : 20240205 20240205060857 ACCESSION NUMBER: 0001214659-24-001846 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240205 DATE AS OF CHANGE: 20240205 GROUP MEMBERS: NIKKO ASSET MANAGEMENT CO., LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PACIFIC BIOSCIENCES OF CALIFORNIA, INC. CENTRAL INDEX KEY: 0001299130 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 161590339 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85738 FILM NUMBER: 24593841 BUSINESS ADDRESS: STREET 1: 1305 O'BRIEN DRIVE CITY: MENLO PARK STATE: CA ZIP: 94025 BUSINESS PHONE: 650-521-8000 MAIL ADDRESS: STREET 1: 1305 O'BRIEN DRIVE CITY: MENLO PARK STATE: CA ZIP: 94025 FORMER COMPANY: FORMER CONFORMED NAME: PACIFIC BIOSCIENCES OF CALIFORNIA INC DATE OF NAME CHANGE: 20050829 FORMER COMPANY: FORMER CONFORMED NAME: NANOFLUIDICS INC DATE OF NAME CHANGE: 20040729 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Sumitomo Mitsui Trust Holdings, Inc. CENTRAL INDEX KEY: 0001475365 STANDARD INDUSTRIAL CLASSIFICATION: COMMERCIAL BANKS, NEC [6029] ORGANIZATION NAME: 02 Finance IRS NUMBER: 000000000 STATE OF INCORPORATION: M0 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1-1, SHIBAKOEN, 1-CHOME CITY: MINATO-KU, TOKYO STATE: M0 ZIP: 105-0011 BUSINESS PHONE: 81-3-6256-6000 MAIL ADDRESS: STREET 1: 1-4-1, MARUNOUCHI CITY: CHIYODA-KU, TOKYO STATE: M0 ZIP: 100-8233 FORMER COMPANY: FORMER CONFORMED NAME: Chuo Mitsui Trust Holdings, Inc. DATE OF NAME CHANGE: 20091027 SC 13G/A 1 pacbio130247sc13ga2.htm AMENDMENT NO. 2 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________ SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 2)* Pacific Biosciences of California, Inc. (Name of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securities) 69404D108 (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) o Rule 13d-1(c) o 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 ). Page 1 of 9 CUSIP No. 69404D108 13G/A 1. NAMES OF REPORTING PERSONS Sumitomo Mitsui Trust Holdings, Inc. (“SMTH”) 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Japan NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 13,200,375 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 13,200,375 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,200,375 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) o 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.93 % 12. TYPE OF REPORTING PERSON (see instructions) HC, FI Page 2 of 9 CUSIP No. 69404D108 13G/A 1. NAMES OF REPORTING PERSONS Nikko Asset Management Co., Ltd. (“NAM”) 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) o 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Japan NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING

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