Vanguard Maintains 11.7% Stake in BorgWarner Inc.

TL;DR

**Vanguard still owns 11.7% of BorgWarner, showing strong institutional confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in BorgWarner Inc. As of December 29, 2023, Vanguard beneficially owned 27,992,308 shares of BorgWarner's Common Stock, representing 11.7% of the company. This filing indicates Vanguard's continued significant passive stake in BorgWarner, signaling confidence in the automotive parts manufacturer's long-term prospects, which is important for current and potential investors.

Why It Matters

This filing confirms Vanguard's substantial, passive investment in BorgWarner, indicating a major institutional investor's continued belief in the company's value without seeking to influence management.

Risk Assessment

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

Analyst Insight

Investors should note that a major institutional investor like Vanguard maintains a substantial, passive stake, which can be a sign of long-term stability, but this filing alone doesn't suggest immediate buying or selling action.

Key Numbers

• 27,992,308 — Shares Beneficially Owned (Represents Vanguard's total stake in BorgWarner Inc.)
• 11.7% — Ownership Percentage (Indicates Vanguard's significant passive stake in BorgWarner Inc.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• BorgWarner Inc. (company) — subject company, motor vehicle parts & accessories manufacturer
• 27,992,308 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 11.7% (dollar_amount) — percentage of BorgWarner's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive ownership stake in BorgWarner Inc. throughout 2024. (The Vanguard Group) — high confidence, target: December 31, 2024

FAQ

From the Filing

0001104659-24-020456.txt : 20240213 0001104659-24-020456.hdr.sgml : 20240213 20240213170045 ACCESSION NUMBER: 0001104659-24-020456 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: BORGWARNER INC CENTRAL INDEX KEY: 0000908255 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 133404508 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-44067 FILM NUMBER: 24627588 BUSINESS ADDRESS: STREET 1: 3850 HAMLIN RD. CITY: AUBURN HILLS STATE: MI ZIP: 48326 BUSINESS PHONE: 2487549200 MAIL ADDRESS: STREET 1: 3850 HAMLIN RD. CITY: AUBURN HILLS STATE: MI ZIP: 48326 FORMER COMPANY: FORMER CONFORMED NAME: BORG WARNER AUTOMOTIVE INC DATE OF NAME CHANGE: 19930628 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 tv0459-borgwarnerinc.htm SCHEDULE 13G/A borgwarnerinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 12)* Name of issuer:  BorgWarner Inc Title of Class of Securities:  Common Stock CUSIP Number:  099724106 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.:  099724106 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 319,224 7.  SOLE DISPOSITIVE POWER 26,131,088 8.  SHARED DISPOSITIVE POWER 1,016,457 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 27,147,545 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 11.55% 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: BorgWarner Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 3850 Hamlin Road Auburn Hills, MI 48326 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: Comm