PRIMECAP Management Co. Reports 5.57M LivaNova Shares

TL;DR

**PRIMECAP still holds over 5.5M LivaNova shares, showing continued institutional interest.**

AI Summary

PRIMECAP Management Company, a Pasadena, CA-based investment firm, filed an amended SC 13G/A on February 12, 2024, disclosing its beneficial ownership in LivaNova PLC (NASDAQ: LIVN) as of December 31, 2023. The filing shows PRIMECAP holds sole voting power over 5,572,040 shares of LivaNova's common stock. This update is important for investors as it reveals a significant institutional holder's continued, or potentially adjusted, stake in the medical device company.

Why It Matters

This filing indicates a major institutional investor's position in LivaNova, which can influence market perception and potentially signal confidence or concern about the company's future performance.

Risk Assessment

Risk Level: low — This is a routine update from an institutional investor and does not inherently signal new risks for the company.

Analyst Insight

Investors should note that a major institutional investor, PRIMECAP Management Company, continues to hold a substantial position in LivaNova PLC. While this filing doesn't indicate a change in strategy, it confirms ongoing institutional interest. Smart investors might monitor future filings from PRIMECAP for any significant increases or decreases in their LivaNova holdings, as these could signal a shift in their investment thesis.

Key Numbers

• 5,572,040 — Shares Beneficially Owned (Represents the number of LivaNova PLC shares over which PRIMECAP Management Company has sole voting power as of December 31, 2023.)

Key Players & Entities

• PRIMECAP Management Company (company) — the reporting person and institutional investor
• LivaNova PLC (company) — the subject company whose securities are being reported
• 5,572,040 (dollar_amount) — number of shares beneficially owned with sole voting power
• December 31, 2023 (date) — date of the event requiring the filing
• February 12, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• PRIMECAP Management Company will maintain a significant stake in LivaNova PLC for the foreseeable future. (PRIMECAP Management Company) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• livna6_21224.htm (SC 13G/A) — 25KB
• 0001085146-24-001082.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: LivaNova PLC

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 20 Eastbourne Terrace, London, United Kingdom, W2 6LG

(a)

ITEM 2(a). NAME OF PERSON FILING: PRIMECAP Management Company

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 177 E. Colorado Blvd., 11th Floor, Pasadena, CA 91105

(c)

ITEM 2(c). CITIZENSHIP: U.S.A.

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: COM

(e)

ITEM 2(e). CUSIP NUMBER: G5509L101 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-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. 78c); (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 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations 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) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. OWNERSHIP (a) Amount beneficially owned: 5,791,280 (b) Percent of class: 10.75% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 5,572,040 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 5,791,280 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securiti