William Blair Amends SMP Stake; Passive Investment Continues
Ticker: SMP · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 93389
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**William Blair still owns SMP shares, signaling ongoing institutional interest.**
AI Summary
William Blair Investment Management, LLC, a Delaware-based firm, filed an amended SC 13G/A on February 12, 2024, indicating their beneficial ownership in Standard Motor Products Inc. (SMP) as of December 31, 2023. This filing, Amendment No. 2, updates their previous disclosures regarding their holdings of SMP's Common Stock. While the specific percentage of ownership isn't detailed in the provided text, the filing confirms William Blair's continued significant, though passive, investment in the company, which matters to investors as it signals institutional confidence (or lack thereof) in SMP's long-term prospects.
Why It Matters
This filing shows that a major institutional investor, William Blair Investment Management, LLC, continues to hold a significant, albeit passive, stake in Standard Motor Products Inc., which can influence investor sentiment and stock stability.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a passive institutional investor and does not indicate any immediate risk or significant change in company control.
Analyst Insight
Investors should note that William Blair Investment Management, LLC maintains a passive stake in Standard Motor Products Inc., suggesting continued institutional interest without any intent to influence management or control the company. This is a routine update and doesn't signal an immediate buy or sell, but rather confirms ongoing institutional presence.
Key Players & Entities
- William Blair Investment Management, LLC (company) — the reporting person and institutional investor
- Standard Motor Products, Inc. (company) — the subject company whose stock is being reported
- Delaware (company) — place of organization for William Blair Investment Management, LLC
- December 31, 2023 (date) — date of event which requires filing of the statement
- February 12, 2024 (date) — date the SC 13G/A was filed
FAQ
What type of filing is this and what does 'A' signify?
This is an SC 13G/A filing, which is a Schedule 13G amendment. The 'A' signifies that it is an amendment to a previously filed Schedule 13G, specifically Amendment No. 2 as stated in the filing.
Who is the reporting person in this SC 13G/A filing?
The reporting person is William Blair Investment Management, LLC, as explicitly stated under 'NAME OF REPORTING PERSONS' on page 2 of the filing.
What is the subject company whose securities are being reported?
The subject company is Standard Motor Products Inc., as identified under 'Name of Issuer' on the first page of the Schedule 13G.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Standard Motor Products Inc. is 853666105, as listed on the first page and page 2 of the filing.
What was the 'Date of Event Which Requires Filing of the Statement' for this amendment?
The 'Date of Event Which Requires Filing of the Statement' was December 31, 2023, as specified on the first page of the Schedule 13G.
Filing Stats: 1,054 words · 4 min read · ~4 pages · Grade level 8.5 · Accepted 2024-02-12 18:16:16
Filing Documents
- tm245766d24_sc13ga.htm (SC 13G/A) — 56KB
- 0001104659-24-015417.txt ( ) — 58KB
(a)
Item 1(a). Name of Issuer: Standard Motor Products Inc
(b)
Item 1(b). Address of Issuer’s Principal Executive Offices: 37-18 Northern Blvd, Long Island City, NY 11101
(a)
Item 2(a). Name of Person Filing: William Blair Investment Management, LLC
(b)
Item 2(b). Address of Principal Business Office or, if none, Residence: 150 North Riverside Plaza, Chicago, IL 60606
(c)
Item 2(c). Citizenship: Delaware
(d)
Item 2(d). Title of Class of Securities: Common Stock
(e)
Item 2(e). CUSIP Number: 853666105 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) o Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) o Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) o 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) o An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________. CUSIP: 853666105 Page 4 Item 4. 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: 1,034,912 (b) Percent of class: 4.8% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 621,487 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,034,912 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.