Fuller & Thaler Cuts Graphic Packaging Stake to 3.9%

Ticker: GPK · Form: SC 13G/A · Filed: 2024-02-12T00:00:00.000Z

Sentiment: bearish

Topics: institutional-ownership, stake-reduction, SC-13G/A

TL;DR

**Fuller & Thaler just cut their GPK stake to 3.9%, watch out!**

AI Summary

Fuller & Thaler Asset Management, Inc. filed an amended SC 13G/A on February 12, 2024, disclosing its ownership in Graphic Packaging Holding Company (GPK) as of December 31, 2023. The filing shows Fuller & Thaler holds sole voting power over 12,408,413 shares, representing 3.9% of GPK's common stock. This is a decrease from their previous reported ownership, indicating they have reduced their stake in the company. For investors, this matters because a significant institutional investor has trimmed its position, which could signal a re-evaluation of GPK's future prospects.

Why It Matters

This filing indicates a notable institutional investor, Fuller & Thaler Asset Management, has reduced its ownership in Graphic Packaging Holding Company, which could be interpreted as a less bullish outlook on the stock.

Risk Assessment

Risk Level: medium — A reduction in ownership by a large institutional investor can sometimes signal potential concerns or a shift in investment strategy, introducing moderate risk for current or prospective shareholders.

Analyst Insight

Investors should investigate the reasons behind Fuller & Thaler's reduced stake in Graphic Packaging Holding Company and consider if this aligns with their own investment thesis for the stock.

Key Numbers

12,408,413 — Sole Voting Power Shares (Represents the number of shares Fuller & Thaler Asset Management, Inc. can vote independently.)
3.9% — Percentage of Class Owned (Indicates the proportion of Graphic Packaging Holding Company's common stock owned by Fuller & Thaler Asset Management, Inc.)

Key Players & Entities

Fuller & Thaler Asset Management, Inc. (company) — the reporting person decreasing its ownership
Graphic Packaging Holding Company (company) — the issuer of the securities
12,408,413 (dollar_amount) — shares with sole voting power held by Fuller & Thaler
3.9% (dollar_amount) — percentage of class owned by Fuller & Thaler
December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

Other institutional investors may re-evaluate their positions in Graphic Packaging Holding Company following Fuller & Thaler's reduction. (Graphic Packaging Holding Company) — medium confidence, target: Q2 2024

FAQ

Who filed this SC 13G/A amendment?

Fuller & Thaler Asset Management, Inc. filed this SC 13G/A amendment, as indicated by the 'FILED BY' section and 'Name of Reporting Person' on page 2.

What company's stock is the subject of this filing?

The subject company is GRAPHIC PACKAGING HOLDING COMPANY, as stated under 'Name of Issuer' on page 1 and in the 'SUBJECT COMPANY' data.

What was the date of the event that required this filing?

The date of the event which required the filing of this statement was December 31, 2023, as specified on page 1 of the filing.

How many shares does Fuller & Thaler Asset Management, Inc. have sole voting power over?

Fuller & Thaler Asset Management, Inc. has sole voting power over 12,408,413 shares, as reported on page 2, item 5.

What percentage of Graphic Packaging Holding Company's common stock does Fuller & Thaler Asset Management, Inc. now own?

Fuller & Thaler Asset Management, Inc. now owns 3.9% of Graphic Packaging Holding Company's common stock, as stated on page 3, item 13.

From the Filing

0001082327-24-000023.txt : 20240212 0001082327-24-000023.hdr.sgml : 20240212 20240212181402 ACCESSION NUMBER: 0001082327-24-000023 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GRAPHIC PACKAGING HOLDING CO CENTRAL INDEX KEY: 0001408075 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 260405422 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83906 FILM NUMBER: 24621807 BUSINESS ADDRESS: STREET 1: 1500 RIVEREDGE PARKWAY STREET 2: SUITE100 CITY: ATLANTA STATE: GA ZIP: 30328 BUSINESS PHONE: (770) 240-7200 MAIL ADDRESS: STREET 1: 1500 RIVEREDGE PARKWAY STREET 2: SUITE100 CITY: ATLANTA STATE: GA ZIP: 30328 FORMER COMPANY: FORMER CONFORMED NAME: New Giant CORP DATE OF NAME CHANGE: 20070726 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FULLER & THALER ASSET MANAGEMENT, INC. CENTRAL INDEX KEY: 0001082327 ORGANIZATION NAME: IRS NUMBER: 943176968 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 411 BOREL AVENUE, SUITE 300 CITY: SAN MATEO STATE: CA ZIP: 94402 BUSINESS PHONE: 6509311500 MAIL ADDRESS: STREET 1: 411 BOREL AVENUE, SUITE 300 CITY: SAN MATEO STATE: CA ZIP: 94402 FORMER COMPANY: FORMER CONFORMED NAME: FULLER & THALER ASSET MANAGEMENT /CA DATE OF NAME CHANGE: 19990322 SC 13G/A 1 r13ga3-graphic20231231.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Amendment No. 3) Under the Securities Exchange Act of 1934 GRAPHIC PACKAGING HOLDING COMPANY (Name of Issuer) Common Stock (Title of Class of Securities) 388689101 (CUSIP Number) December 31, 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) For IA & IAR [ ] Rule 13d-1(c) For LP if any [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out or 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 ("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. 388689101 SCHEDULE 13G Page 2 of 5 1 Name of Reporting Person Fuller & Thaler Asset Management, Inc. IRS Identification No. of Above Person 94-3176968 2 Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] 3 SEC USE ONLY 4 Citizenship or Place of Organization California 5 Sole Voting Power 12,408,413 NUMBER OF 6 Shared Voting Power SHARES BENEFICIALLY -0- OWNED BY EACH REPORTING 7 Sole Dispositive Power PERSON WITH 12,591,719 8 Shared Dispositive Power -0- 9 Aggregate Amount Beneficially Owned by each Reporting Person 12,591,719 10 Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares* [ ] 11 Percent of Class Represented by Amount in Row 9 4.11% 12 Type of Reporting Person* IA CUSIP No. 388689101 SCHEDULE 13G Page 3 of 5 Item 1(a). Name of Issuer. GRAPHIC PACKAGING HOLDING COMPANY Item 1(b). Address of Issuer's Principal Executive Offices. 1500 RIVEREDGE PARKWAY SUITE 100, ATLANTA GA 30328 Item 2(a). Names of Persons Filing. Fuller & Thaler Asset Management, Inc. Item 2(b). Address of Principal Business Office or, if none, Residence. 411 Borel Avenue, Suite 300, San Mateo, CA 94402. Item 2(c). Citizenship. California corporation. Item 2(d). Title of Class of Securities. Common Stock Item 2(e). CUSIP Number. 388689101 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), ch