Vanguard Amends Macerich Stake to 7.85% as of Dec 29, 2023

TL;DR

**Vanguard now owns 7.85% of Macerich, signaling a notable institutional stake.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Macerich Co (MAC) Common Stock. As of December 29, 2023, Vanguard beneficially owned 16,076,827 shares, representing 7.85% of the company's outstanding stock. This is an amendment to a previous filing, indicating a change in their holdings, which matters to investors as Vanguard is a significant institutional holder and changes in their position can signal shifts in their investment thesis for Macerich.

Why It Matters

This filing shows Vanguard's updated ownership in Macerich, providing transparency into a major institutional investor's position and potentially influencing market perception of the stock.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently present significant new risks.

Analyst Insight

An investor should note Vanguard's continued significant, albeit passive, ownership in Macerich, which suggests a long-term, index-driven holding rather than an active strategic move. This provides a baseline of institutional confidence.

Key Numbers

• 16,076,827 — Shares Beneficially Owned (The total number of Macerich Common Stock shares Vanguard holds, indicating their significant investment.)
• 7.85% — Percentage of Class (The proportion of Macerich's outstanding shares owned by Vanguard, highlighting their influence as a major shareholder.)
• December 29, 2023 — Event Date (The specific date when Vanguard's ownership position was established for this filing, providing a clear snapshot in time.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• Macerich Co (company) — subject company, a real estate investment trust
• 16,076,827 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 7.85% (dollar_amount) — percentage of Macerich's class of securities owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, but passive, stake in Macerich Co. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv01381-macerichcothe.htm (SC 13G/A) — 11KB
• 0001104659-24-021388.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Macerich Co/The

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

Item 1(b) - Address of Issuer's Principal Executive Offices: 401 Wilshire Boulevard, Suite 700 Santa Monica, CA 90401-1452

(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 554382101

- 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

View Full Filing

View this SC 13G/A filing on SEC EDGAR