Brown Advisory Amends Bright Horizons Stake Filing

TL;DR

**Brown Advisory still owns Bright Horizons shares, showing continued institutional confidence.**

AI Summary

Brown Advisory Inc. (BAI), a Maryland Corporation, filed an amended Schedule 13G/A on February 9, 2024, indicating its ownership in Bright Horizons Family Solutions Inc. (BFAM) as of December 31, 2023. This filing updates their previous disclosure, showing their continued passive investment in the child day care services company. This matters to investors because it confirms a significant institutional investor maintains a position, suggesting ongoing confidence in BFAM's long-term prospects, even if the exact share count isn't provided in this snippet.

Why It Matters

This filing confirms that a major institutional investor, Brown Advisory Inc., continues to hold a significant stake in Bright Horizons Family Solutions Inc., signaling their ongoing belief in the company's value.

Risk Assessment

Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a passive stake and not signaling any immediate risk or major change.

Analyst Insight

Investors should note that a prominent institutional investor, Brown Advisory Inc., maintains a position in Bright Horizons Family Solutions Inc., which can be seen as a vote of confidence, but this filing itself doesn't indicate any new buying or selling activity, so no immediate action is warranted based solely on this update.

Key Players & Entities

• Brown Advisory Inc. (company) — the institutional investor filing the SC 13G/A
• Bright Horizons Family Solutions Inc. (company) — the subject company in which shares are held
• Maryland Corporation (company) — the place of organization for Brown Advisory Inc.
• December 31, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Brown Advisory Inc. will continue to hold a significant, passive stake in Bright Horizons Family Solutions Inc. through 2024. (Brown Advisory Inc.) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• bfama1_20924.htm (SC 13G/A) — 40KB
• 0001085146-24-000974.txt ( ) — 42KB

(a)

ITEM 1(a). NAME OF ISSUER: Bright Horizons Family Solution, Inc.

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

(a)

ITEM 2(a). NAME OF PERSON FILING: Brown Advisory Incorporated ("BAI") Brown Investment Advisory & Trust Company ("BIATC") Brown Advisory LLC (BALLC)

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 901 South Bond Street, Suite #400 Baltimore, Maryland 21231

(c)

ITEM 2(c). CITIZENSHIP: Brown Advisory Incorporated is a Maryland Corporation. Brown Investment Advisory & Trust Company is a Maryland Trust Company. Brown Advisory LLC is a Maryland Limited Liability Corporation.

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES:

(e)

ITEM 2(e). CUSIP NUMBER: 109194100 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-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. 78c); (b) [X] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [X] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: Brown Advisory Incorporated ("BAI") is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G) Brown Investment Advisory & Trust Company ("BIATC") is a bank as defined in Section 3(a)(6) of the Act(15U.S.C.78c) Brown Advisory LLC ("BALLC") is an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E) ITEM 4. OWNERSHIP (a) Amount beneficially owned: 2,923,302 (b) Percent of class: 5.1% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: Brown Advisory Incorporated ("BAI") - 2,473,719 Brown Investment Advisory & Tr