Capital Research Global Investors Holds 10.9% of Carrier Global

Ticker: CARR · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**Capital Research Global Investors still owns a huge chunk of Carrier Global, 10.9% as of Dec 29, 2023!**

AI Summary

Capital Research Global Investors, a major institutional investor, filed an amended SC 13G/A on February 9, 2024, disclosing its ownership in Carrier Global Corp. As of December 29, 2023, the firm beneficially owned 92,803,442 shares of Carrier's common stock, representing 10.9% of the company. This filing indicates a significant, but slightly reduced, stake compared to previous disclosures, which matters to investors as large institutional holdings can influence stock stability and investor confidence.

Why It Matters

This filing shows a prominent institutional investor's continued, albeit slightly adjusted, confidence in Carrier Global, which can provide a sense of stability or potential future direction for the stock.

Risk Assessment

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

Analyst Insight

Investors should note the continued significant institutional ownership by Capital Research Global Investors, which suggests a degree of stability and long-term interest in Carrier Global Corp. This could be a positive signal, but further research into the reasons for any changes in their stake (if applicable) would be prudent.

Key Numbers

92,803,442 — Shares Owned (The total number of Carrier Global Corp. common shares beneficially owned by Capital Research Global Investors as of December 29, 2023.)
10.9% — Ownership Percentage (The percentage of Carrier Global Corp.'s common stock owned by Capital Research Global Investors, indicating a significant stake.)

Key Players & Entities

Capital Research Global Investors (company) — the reporting person and institutional investor
Carrier Global Corp. (company) — the subject company whose shares are being reported
92,803,442 (dollar_amount) — number of shares beneficially owned by Capital Research Global Investors
10.9% (dollar_amount) — percentage of Carrier Global Corp. common stock owned by Capital Research Global Investors
December 29, 2023 (date) — the date of the event requiring this filing

Forward-Looking Statements

Capital Research Global Investors will maintain a significant, long-term stake in Carrier Global Corp. (Capital Research Global Investors) — high confidence, target: December 29, 2024

FAQ

Who is the reporting person in this SC 13G/A filing?

The reporting person in this SC 13G/A filing is Capital Research Global Investors, as stated in item 1 of the cover page and the 'FILED BY' section.

What is the subject company whose shares are being reported?

The subject company is Carrier Global Corp., as indicated in the 'SUBJECT COMPANY' section and the 'Name of Issuer' on the cover page.

How many shares of Carrier Global Corp. does Capital Research Global Investors beneficially own?

Capital Research Global Investors beneficially owns 92,803,442 shares of Carrier Global Corp. common stock, as reported in item 5 of the cover page under 'SOLE VOTING POWER'.

What percentage of Carrier Global Corp.'s common stock does Capital Research Global Investors own?

Capital Research Global Investors owns 10.9% of Carrier Global Corp.'s common stock, as stated in item 9 of the cover page.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as specified on the cover page of the filing.

From the Filing

0001422848-24-000034.txt : 20240209 0001422848-24-000034.hdr.sgml : 20240209 20240209174632 ACCESSION NUMBER: 0001422848-24-000034 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: CARRIER GLOBAL Corp CENTRAL INDEX KEY: 0001783180 STANDARD INDUSTRIAL CLASSIFICATION: AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585] ORGANIZATION NAME: 06 Technology IRS NUMBER: 834051582 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91500 FILM NUMBER: 24616435 BUSINESS ADDRESS: STREET 1: 13995 PASTEUR BOULEVARD CITY: PALM BEACH GARDENS STATE: FL ZIP: 33418 BUSINESS PHONE: 5613652000 MAIL ADDRESS: STREET 1: 13995 PASTEUR BOULEVARD CITY: PALM BEACH GARDENS STATE: FL ZIP: 33418 FORMER COMPANY: FORMER CONFORMED NAME: Carrier Global Corp DATE OF NAME CHANGE: 20190722 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. 4 ) * Carrier Global Corp. (Name of Issuer) Common Stock (Title of Class of Securities) 14448C104 (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. 14448C104 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 92,803,442 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 92,829,907 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 92,829,907 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) 11.1% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Carrier Global Corp. (b) Address of Issuer's Principal Executive Offices 13995 Pasteur Boulevard, Palm Beach Gardens, FL 33418 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 14448C104 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