Capital Research Global Investors Amends GM Stake

TL;DR

**Capital Research Global Investors updated their GM stake to 24.7M 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 Motors Co. As of December 29, 2023, the firm beneficially owned 24,700,387 shares of GM's common stock, representing a significant stake. This filing indicates a change in their previously reported ownership, which is important for investors as it shows a major institutional investor's current conviction (or lack thereof) in GM's stock.

Why It Matters

This filing reveals a major institutional investor's updated position in General Motors, which can influence market perception and potentially signal confidence or concern in the company's future performance.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of an institutional investor's holdings and does not inherently present a direct risk to the company or its shareholders.

Analyst Insight

Investors should note that a major institutional investor like Capital Research Global Investors holds a substantial position in GM. While this filing doesn't indicate a change in strategy, it confirms their continued interest. Smart investors might monitor future filings from this firm for any significant increases or decreases in their GM holdings, as these could signal a shift in their investment thesis.

Key Numbers

• 24,700,387 — Aggregate Amount Beneficially Owned (Total shares of General Motors Co. common stock owned by Capital Research Global Investors as of December 29, 2023.)
• 24,696,622 — Sole Voting Power (Number of shares for which Capital Research Global Investors has sole voting power.)
• 24,700,387 — Sole Dispositive Power (Number of shares for which Capital Research Global Investors has sole dispositive power.)
• 37045V100 — CUSIP Number (Unique identification number for General Motors Co. Common Stock.)

Key Players & Entities

• Capital Research Global Investors (company) — the reporting person and institutional investor
• General Motors Co. (company) — the subject company whose securities are being reported
• Delaware (company) — place of organization for Capital Research Global Investors
• December 29, 2023 (date) — date of event requiring the filing
• February 9, 2024 (date) — date the filing was made

Forward-Looking Statements

• Capital Research Global Investors will maintain a significant stake in General Motors Co. (Capital Research Global Investors) — medium confidence, target: Q2 2024

FAQ

From the Filing

0001422848-24-000042.txt : 20240209 0001422848-24-000042.hdr.sgml : 20240209 20240209174634 ACCESSION NUMBER: 0001422848-24-000042 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 Motors Co CENTRAL INDEX KEY: 0001467858 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 270756180 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86002 FILM NUMBER: 24616469 BUSINESS ADDRESS: STREET 1: 300 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265-3000 BUSINESS PHONE: 313.667.1500 MAIL ADDRESS: STREET 1: 300 RENAISSANCE CENTER CITY: DETROIT STATE: MI ZIP: 48265-3000 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. 3 ) * General Motors Co. (Name of Issuer) Common Stock (Title of Class of Securities) 37045V100 (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. 37045V100 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 24,696,622 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 24,700,387 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 24,700,387 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) 1.8% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer General Motors Co. (b) Address of Issuer's Principal Executive Offices 300 Renaissance Center, Detroit, MI 48265 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 37045V100 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 defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registe