Vanguard Amends LPX Stake: Passive Ownership Update

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

Sentiment: neutral

Topics: institutional-ownership, passive-investing, amendment, LPX

TL;DR

**Vanguard still holds LPX, no big changes, just an update.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of Louisiana-Pacific Corp (LPX) common stock as of December 29, 2023. This filing updates their previous disclosures, showing their continued significant, passive stake in the company. For investors, this means a large institutional holder like Vanguard maintains confidence in LPX, which can be a positive signal, but it doesn't suggest any active changes in company management or strategy.

Why It Matters

This filing confirms Vanguard's continued substantial, but passive, investment in Louisiana-Pacific Corp, signaling institutional confidence without indicating any activist intentions.

Risk Assessment

Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any new risks or significant changes in company control.

Analyst Insight

An investor should note that a major institutional investor like Vanguard maintains a passive stake, which suggests long-term confidence but no immediate catalysts from activist involvement. This filing is a routine update and doesn't warrant immediate action.

Key Players & Entities

FAQ

What type of filing is this and what does it generally signify?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally signifies that a passive institutional investor, like The Vanguard Group, is updating its ownership stake in a company, in this case, Louisiana-Pacific Corp, without intending to influence or change control of the company.

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

The reporting person in this SC 13G/A filing 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 on?

The subject company is Louisiana-Pacific Corp, with the CUSIP Number 546347105 for its Common Stock.

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, as stated in the filing.

Under which rule was this Schedule 13G filed?

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

From the Filing

0001104659-24-021373.txt : 20240213 0001104659-24-021373.hdr.sgml : 20240213 20240213170805 ACCESSION NUMBER: 0001104659-24-021373 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: LOUISIANA-PACIFIC CORP CENTRAL INDEX KEY: 0000060519 STANDARD INDUSTRIAL CLASSIFICATION: LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 930609074 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-11023 FILM NUMBER: 24628829 BUSINESS ADDRESS: STREET 1: 1610 WEST END AVE. STREET 2: SUITE 200 CITY: NASHVILLE STATE: TN ZIP: 37203 BUSINESS PHONE: 6159865600 MAIL ADDRESS: STREET 1: 1610 WEST END AVE. STREET 2: SUITE 200 CITY: NASHVILLE STATE: TN ZIP: 37203 FORMER COMPANY: FORMER CONFORMED NAME: LOUISIANA PACIFIC CORP DATE OF NAME CHANGE: 19920703 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 tv01366-louisianapacificcorp.htm SCHEDULE 13G/A louisianapacificcorp SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 12)* Name of issuer:  Louisiana-Pacific Corp Title of Class of Securities:  Common Stock CUSIP Number:  546347105 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.:  546347105 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 23,071 7.  SOLE DISPOSITIVE POWER 6,295,306 8.  SHARED DISPOSITIVE POWER 92,895 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,388,201 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 8.86% 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: Louisiana-Pacific Corp Item 1(b) - Address of Issuer's Principal Executive Offices: 1610 West End Avenue, Suite 200 Nashville, TN 37203 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

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