Capital World Investors Holds 26.2M Peloton Shares

TL;DR

**Capital World Investors still owns a huge chunk of Peloton, signaling their long-term bet.**

AI Summary

Capital World Investors, a major investment firm, filed an amendment to their SC 13G, indicating they beneficially own 26,259,325 shares of Peloton Interactive, Inc. common stock as of December 29, 2023. This represents a significant stake, giving them sole voting and dispositive power over these shares. This matters to investors because a large institutional holder maintaining or adjusting their position can signal confidence or concern about Peloton's future performance.

Why It Matters

This filing shows a major institutional investor's continued significant stake in Peloton, which can influence market perception and potentially the company's strategic decisions.

Risk Assessment

Risk Level: low — This filing is an update on an existing significant holding, not a new, volatile event.

Analyst Insight

Investors should note that a major institutional investor like Capital World Investors continues to hold a substantial position in Peloton, suggesting a long-term view, but this filing alone doesn't indicate a new buy or sell action, so further research into Peloton's fundamentals is warranted.

Key Numbers

• 26,259,325 — Shares Beneficially Owned (Represents Capital World Investors' significant stake in Peloton.)
• 70614W100 — CUSIP Number (Unique identifier for Peloton Interactive, Inc. Common Stock.)

Key Players & Entities

• Capital World Investors (company) — the reporting person and major institutional investor
• Peloton Interactive, Inc. (company) — the issuer of the common stock
• 26,259,325 (dollar_amount) — number of shares beneficially owned
• December 29, 2023 (date) — date of event requiring the filing
• Delaware (company) — place of organization for Capital World Investors

Forward-Looking Statements

• Capital World Investors will maintain a significant stake in Peloton for the foreseeable future. (Capital World Investors) — medium confidence, target: Q4 2024

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0001422848-24-000242.txt ( ) — 18KB

From the Filing

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 ) * Peloton Interactive, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 70614W100 (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. 70614W100 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital World 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 26,259,325 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 26,259,325 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 26,259,325 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) 7.7% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Peloton Interactive, Inc. (b) Address of Issuer's Principal Executive Offices 441 Ninth Avenue, Sixth floor, New York, NY 10001 Item 2. (a) Name of Person Filing Capital World Investors (b) Address of Principal Business Office or, if None, Residence 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 70614W100 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 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 Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association 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) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 26,259,325 ** (b) Percent of Class: 7.7% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 26,259,325 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 26,259,325 (iv) shared power to dispose or to direct the disposition of 0 **Capital World Investors ("CWI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CWI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital World Investors." CWI is deemed to be the beneficial owner of 26,259,325 shares or 7.7% of the 342,433,897 shares believed to be outstanding. Item 5. Ownership of Five Percent or Less of Class. If this statement is being filed to report the fact that as of the date hereof the repo