Capital Research Global Investors Holds 83M GE Shares

TL;DR

**Big investor Capital Research Global Investors still owns 83M+ GE shares.**

AI Summary

Capital Research Global Investors, a Delaware-based investment firm, filed an amended SC 13G/A on February 9, 2024, disclosing its ownership in General Electric Co. As of December 29, 2023, the firm beneficially owned 83,088,317 shares of GE common stock, representing a significant stake. This filing indicates a notable institutional investor's continued confidence in GE, which could be a positive signal for current and prospective shareholders.

Why It Matters

This filing shows a major institutional investor's substantial stake in General Electric, signaling their conviction in the company's future and potentially influencing other investors.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces volatility risk.

Analyst Insight

A smart investor would view this as a positive signal, indicating a major institutional investor's continued confidence in GE, and might consider further research into GE's fundamentals or maintaining their current position.

Key Numbers

• 83,088,317 — Aggregate Shares Beneficially Owned (Represents Capital Research Global Investors' total stake in General Electric Co. as of December 29, 2023.)
• 83,082,853 — Sole Voting Power Shares (Indicates the number of shares Capital Research Global Investors has exclusive voting control over.)
• 369604301 — CUSIP Number (Unique identifier for General Electric Co.'s Common Stock, confirming the security being reported.)
• December 29, 2023 — Date of Event (The specific date when the ownership level triggered the requirement for this filing.)

Key Players & Entities

• Capital Research Global Investors (company) — the reporting person and institutional investor
• General Electric Co. (company) — the subject company whose securities are being reported
• 83,088,317 (dollar_amount) — the aggregate number of shares beneficially owned
• December 29, 2023 (date) — the date of the event requiring the filing
• February 9, 2020 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Capital Research Global Investors will maintain a significant stake in General Electric Co. for the foreseeable future. (Capital Research Global Investors) — medium confidence, target: December 29, 2024

FAQ

From the Filing

0001422848-24-000069.txt : 20240209 0001422848-24-000069.hdr.sgml : 20240209 20240209174906 ACCESSION NUMBER: 0001422848-24-000069 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CO CENTRAL INDEX KEY: 0000040545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 140689340 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51773 FILM NUMBER: 24616513 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 617-443-3000 MAIL ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Capital Research Global Investors CENTRAL INDEX KEY: 0001422848 ORGANIZATION NAME: IRS NUMBER: 951411037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * General Electric Co. (Name of Issuer) Common Stock (Title of Class of Securities) 369604301 (CUSIP Number) December 29, 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 (the "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. 369604301 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Research Global Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 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 83,082,853 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 83,088,317 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 83,088,317 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.6% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer General Electric Co. (b) Address of Issuer's Principal Executive Offices One Financial Center, Suite 3700, Boston, MA 02111 Item 2. (a) Name of Person Filing Capital Research Global Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 369604301 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as