GIC Private Ltd. Discloses 5.0% Passive Stake in Kohl's

TL;DR

**GIC Private Ltd. just revealed a 5.0% stake in Kohl's, signaling institutional confidence.**

AI Summary

GIC Private Limited, a Singaporean sovereign wealth fund, reported on February 8, 2024, that it holds 5.0% of Kohl's Corporation's common stock as of January 31, 2024. This filing indicates GIC's passive investment in the department store chain, holding 1,098,800 shares. This matters to investors because a large, sophisticated institutional investor like GIC sees value in Kohl's, potentially signaling confidence in the company's future, which could influence other investors.

Why It Matters

This filing reveals a significant institutional investor, GIC Private Limited, has taken a 5.0% stake in Kohl's, suggesting a vote of confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institution, which generally reduces perceived risk by showing external validation.

Analyst Insight

A smart investor would note this institutional interest as a potential positive signal, but should still conduct their own due diligence on Kohl's fundamentals before making investment decisions.

Key Numbers

• 1,098,800 — Shares Beneficially Owned (Represents the total number of Kohl's common stock shares GIC Private Limited holds.)
• 5.0% — Percentage of Class (Indicates GIC Private Limited's ownership percentage of Kohl's common stock.)

Key Players & Entities

• GIC Private Limited (company) — reporting person, a Singaporean sovereign wealth fund
• KOHLS Corp (company) — subject company, a retail department store
• 1,098,800 (dollar_amount) — aggregate amount of shares beneficially owned
• 5.0% (dollar_amount) — percentage of class of shares beneficially owned
• January 31, 2024 (person) — date of the event which requires filing

Forward-Looking Statements

• Kohl's stock price may see a slight positive reaction due to institutional confidence. (Kohl's) — medium confidence, target: next 1-3 months

FAQ

Key Financial Figures

• $0.01 — RATION (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of

Filing Documents

• ef20021138_sc13g.htm (SC 13G) — 58KB
• 0001140361-24-006330.txt ( ) — 60KB

(a)

Item 1(a) Name of Issuer KOHL'S CORPORATION

(b)

Item 1(b) Address of Issuer's Principal Executive Offices N56 W17000 Ridgewood Drive, Menomonee Falls, Wisconsin 53051

(a)

Item 2(a) Name of Persons Filing GIC Private Limited ("GIC")

(b)

Item 2(b) Address of Principal Business Office or, if none, Residence 168 Robinson Road #37-01 Capital Tower Singapore 068912

(c)

Item 2(c) Citizenship Singapore

(d)

Item 2(d) Title of Class of Securities Common Stock, $0.01 par value per share

(e)

Item 2(e) CUSIP Number 500255104 I tem 3 If this statement is filed pursuant to 240.13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4 (a - c) The aggregate number of securities and percentage of the class of securities of the Issuer beneficially owned by the Reporting Person named in Item 2(a), as well as the number of securities as to which such person is deemed to have sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, shared power to dispose or direct the disposition, is set forth in the following tables: Reporting Person No. of Securities Beneficially Owned Percent of Class (3) Voting Power Dispositive Power Sole (1), (2) Shared (1), (2) Sole (1), (2) Shared (1), (2) GIC Private Limited 5,543,944 5.01 5,336,944 207,000 5,336,944 207,000 SCHEDULE 13G CUSIP No. 500255104 Page 4 of 5 Pages (1) GIC is a fund manager and only has 2 clients – the Government of Singapore ("GoS") and the Monetary Authority of Singapore ("MAS"). Under the investment management agreement with GoS, GIC has been given the sole discretion to exercise the voting rights attached to, and the disposition of, any shares managed on behalf of GoS. As such, GIC has the sole power to vote and power to dispose of the 5,336,944 securities beneficially owned by it. GIC shares power to vote and dispose of 207,000 securities beneficially owned by it with MAS. GIC is wholly-owned by the GoS and was set up with the sole purpose of managing Singapore's foreign reserves. The GoS disclaims beneficial (2) GIC disclaims membership in a group. (3) Based on 110,712,124 Common Stock outstanding as of November 24, 2023, according to the Form 10-Q filed by the Issuer with the Securities and Exchange Commission on November 30, 2023. Item 5 Not applicable. Item 6 Own

View Full Filing

View this SC 13G filing on SEC EDGAR