Vanguard Amends GE Stake: Updates Beneficial Ownership as of Dec 29

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

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

Related Tickers: GE

TL;DR

**Vanguard updated its GE stake, showing its holdings as of year-end 2023.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, updating its beneficial ownership in General Electric Co. As of December 29, 2023, Vanguard reported its holdings in GE's common stock. This filing is important for investors as it shows a significant institutional investor's continued stake in GE, potentially signaling confidence or a rebalancing of their portfolio.

Why It Matters

This filing indicates Vanguard's updated position in General Electric, providing transparency on a major institutional investor's holdings, which can influence market perception and investor sentiment.

Risk Assessment

Risk Level: low — This is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.

Analyst Insight

An investor should note that a major institutional holder like Vanguard continues to hold a position in GE, but this routine update doesn't provide new information to warrant immediate action. It's a data point for understanding institutional ownership.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.

Who is the reporting person in this filing?

The reporting person is The Vanguard Group, identified with IRS Identification No. 23-1945930 and organized in Pennsylvania.

What is the subject company whose securities are being reported?

The subject company is General Electric Co, with CIK 0000040545, and the title of class of securities is Common Stock with CUSIP Number 369604301.

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 29, 2023.

Under which rule was this Schedule 13G/A filed?

This Schedule 13G/A was filed under Rule 13d-1(b), as indicated by the checked box in the filing.

From the Filing

0001104659-24-020065.txt : 20240213 0001104659-24-020065.hdr.sgml : 20240213 20240213165549 ACCESSION NUMBER: 0001104659-24-020065 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL ELECTRIC CO CENTRAL INDEX KEY: 0000040545 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC & OTHER ELECTRICAL EQUIPMENT (NO COMPUTER EQUIP) [3600] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 140689340 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51773 FILM NUMBER: 24627086 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 617-443-3000 MAIL ADDRESS: STREET 1: ONE FINANCIAL CENTER STREET 2: SUITE 3700 CITY: BOSTON STATE: MA ZIP: 02111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0073-generalelectricco.htm SCHEDULE 13G/A generalelectricco SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 9)* Name of issuer:  General Electric Co Title of Class of Securities:  Common Stock CUSIP Number:  369604301 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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 ("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). (Continued on the following page(s))     13G CUSIP No.:  369604301 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 1,326,088 7.  SOLE DISPOSITIVE POWER 84,015,366 8.  SHARED DISPOSITIVE POWER 4,423,813 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 88,439,179 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.13% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: General Electric Co Item 1(b) - Address of Issuer's Principal Executive Offices: One Financial Center, Suite 3700 Boston, MA 02111 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities:

View on Read The Filing