Vanguard Trims Silgan Holdings Stake to 9.1% from 10.1%

TL;DR

**Vanguard cut its Silgan Holdings stake to 9.1%, down from 10.1% last year.**

AI Summary

The Vanguard Group, a major investment firm, filed an amendment to its SC 13G filing on February 13, 2024, disclosing its ownership in Silgan Holdings Inc. As of December 29, 2023, Vanguard beneficially owned 9,999,999 shares of Silgan's Common Stock, representing 9.1% of the company. This is a decrease from their previous reported ownership of 10.1% (11,046,725 shares) as of December 30, 2022. This matters to investors because Vanguard is a significant institutional holder, and a reduction in their stake could signal a shift in their investment thesis or a reallocation of assets, potentially influencing other investors' perceptions of Silgan Holdings.

Why It Matters

A large institutional investor like Vanguard reducing its stake in Silgan Holdings Inc. could be interpreted as a lack of conviction in the company's future performance, potentially leading to downward pressure on the stock price.

Risk Assessment

Risk Level: medium — While not a massive sell-off, a notable reduction by a major institutional investor like Vanguard can create uncertainty and potentially impact investor sentiment.

Analyst Insight

A smart investor would monitor Silgan Holdings Inc.'s stock performance and look for any further institutional ownership changes in upcoming filings, while also researching the company's fundamentals to understand if Vanguard's reduction is justified by underlying business changes or simply portfolio rebalancing.

Key Numbers

• 9.1% — Beneficial Ownership (The Vanguard Group's current ownership percentage of Silgan Holdings Inc. Common Stock as of December 29, 2023.)
• 9,999,999 — Shares Owned (The total number of Common Stock shares of Silgan Holdings Inc. beneficially owned by The Vanguard Group as of December 29, 2023.)
• 10.1% — Previous Beneficial Ownership (The Vanguard Group's beneficial ownership percentage of Silgan Holdings Inc. Common Stock as of December 30, 2022, indicating a reduction.)
• 11,046,725 — Previous Shares Owned (The total number of Common Stock shares of Silgan Holdings Inc. beneficially owned by The Vanguard Group as of December 30, 2022.)

Key Players & Entities

• The Vanguard Group (company) — reporting person, investment firm
• Silgan Holdings Inc. (company) — issuer of securities
• 9.1% (dollar_amount) — percentage of class owned by Vanguard as of Dec 29, 2023
• 10.1% (dollar_amount) — previous percentage of class owned by Vanguard as of Dec 30, 2022
• December 29, 2023 (date) — date of event requiring filing
• February 13, 2024 (date) — filing date
• 9,999,999 (dollar_amount) — number of shares beneficially owned by Vanguard as of Dec 29, 2023
• 11,046,725 (dollar_amount) — number of shares beneficially owned by Vanguard as of Dec 30, 2022

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in Silgan Holdings Inc. following Vanguard's reduction. (Silgan Holdings Inc.) — medium confidence, target: Q2 2024
• Silgan Holdings Inc.'s stock price could experience minor downward pressure in the short term due to this news. (Silgan Holdings Inc.) — low confidence, target: March 2024

FAQ

Filing Documents

• tv01919-silganholdingsinc.htm (SC 13G/A) — 11KB
• 0001104659-24-021936.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Silgan Holdings Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 4 Landmark Square, Suite 400 Stamford, CT 06901

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 827048109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

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 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration