Jennison Associates LLC Amends GLDD Stake as of Dec 31, 2023

TL;DR

**Jennison Associates LLC updated its GLDD ownership, signaling continued institutional interest.**

AI Summary

Jennison Associates LLC, a major investment firm, has updated its ownership stake in Great Lakes Dredge & Dock Corporation (GLDD) as of December 31, 2023. This Schedule 13G/A filing, an amendment to previous disclosures, indicates that Jennison Associates LLC continues to hold a significant position in the company. For investors, this matters because large institutional holdings can signal confidence in a company's future, but also means that any future changes in their position could impact stock price volatility.

Why It Matters

This filing shows that a major institutional investor, Jennison Associates LLC, maintains a significant position in Great Lakes Dredge & Dock Corporation, which can influence market perception and stock stability.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

Investors should note the continued institutional interest from Jennison Associates LLC in Great Lakes Dredge & Dock Corporation, but this filing alone doesn't warrant immediate action. It's a data point for long-term holders or those considering an investment, suggesting stability in institutional ownership.

Key Players & Entities

• Jennison Associates LLC (company) — the reporting person and institutional investor
• Great Lakes Dredge & Dock Corporation (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring this filing
• Delaware (company) — place of organization for Jennison Associates LLC

FAQ

From the Filing

0000053417-24-000045.txt : 20240209 0000053417-24-000045.hdr.sgml : 20240209 20240209115553 ACCESSION NUMBER: 0000053417-24-000045 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: Great Lakes Dredge & Dock CORP CENTRAL INDEX KEY: 0001372020 STANDARD INDUSTRIAL CLASSIFICATION: HEAVY CONSTRUCTION OTHER THAN BUILDING CONST - CONTRACTORS [1600] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 205336063 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82317 FILM NUMBER: 24613343 BUSINESS ADDRESS: STREET 1: 9811 KATY FREEWAY STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77024 BUSINESS PHONE: (346) 359-1010 MAIL ADDRESS: STREET 1: 9811 KATY FREEWAY STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77024 FORMER COMPANY: FORMER CONFORMED NAME: Great Lakes Dredge & Dock Holdings Corp. DATE OF NAME CHANGE: 20060808 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JENNISON ASSOCIATES LLC CENTRAL INDEX KEY: 0000053417 ORGANIZATION NAME: IRS NUMBER: 132631108 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 466 LEXINGTON AVE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2124211000 MAIL ADDRESS: STREET 1: 466 LEXINGTON AVE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: JENNISON ASSOCIATES CAPITAL CORP DATE OF NAME CHANGE: 19940511 SC 13G/A 1 GLDD1223.txt Securities and Exchange Commission Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. 16)* 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) Name of Issuer: Great Lakes Dredge & Dock Corporation Title of Class of Securities: Common Stock CUSIP Number: 390607109 *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 Number: 390607109 1. Name of Reporting Person: Jennison Associates LLC S.S. or I.R.S. Identification No. of Above Person: IRS Identification #52-2069785 (formerly 13-2631108) 2. Check the Appropriate Box if a Member of a Group: Not Applicable 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: 4,299,418 shares 6. Shared Voting Power: 0 shares 7. Sole Dispositive Power: 0 shares 8. Shared Dispositive Power: 4,299,418 shares 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 4,299,418 shares 10. Check Box if the Aggregate Amount in Row 9 Excludes Certain Shares: ( ) 11. Percent of Class Represented by Amount in Row 9: 6.5% 12. Type of Reporting Person*: IA Item 1(a) Name of Issuer: Great Lakes Dredge & Dock Corporation Item 1(b) Address of Issuer's Principal Executive Offices: 9811 Katy Freeway, Suite 1200, Houston, TX 77024 Item 2(a) Name of Person Filing: Jennison Associates LLC Item 2(b) Address of Principal Business Office or Residence: 466 Lexington Avenue New York, NY 10017 Item 2(c) Citizenship: Delaware Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: 390607109 Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), or (c) check whether the person filing is a: (a) (