Trian Fund Management Amends Invesco Ltd. 13D Filing
Ticker: IVZ · Form: SC 13D · Filed: Jun 14, 2024 · CIK: 914208
Sentiment: neutral
Topics: activist-investor, amendment, 13d-filing
Related Tickers: IVZ
TL;DR
**Trian Fund Management updates its Invesco stake filing. Still watching.**
AI Summary
Trian Fund Management, L.P. filed an amendment to its Schedule 13D on June 14, 2024, regarding its holdings in Invesco Ltd. The filing indicates a change in the reporting person's beneficial ownership of Invesco Ltd. common stock. No specific dollar amounts or new share counts were detailed in this amendment, but it signifies ongoing activity by Trian Fund Management concerning its investment in Invesco.
Why It Matters
This amendment signals continued strategic interest and potential activity by Trian Fund Management in Invesco Ltd., which could influence the company's future direction or shareholder value.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings by activist investors like Trian Fund Management can signal potential changes in corporate strategy or governance, carrying inherent investment risk.
Key Players & Entities
- Trian Fund Management, L.P. (company) — Reporting Person
- Invesco Ltd. (company) — Subject Company
- 280 PARK AVENUE, 41ST FLOOR, NEW YORK, NY 10017 (address) — Trian Fund Management's Business Address
- 1331 SPRING STREET NW, SUITE 2500, ATLANTA, GA 30309 (address) — Invesco Ltd.'s Business Address
FAQ
Who is the reporting person in this filing?
The reporting person is Trian Fund Management, L.P.
What company is the subject of this filing?
The subject company is Invesco Ltd.
What type of filing is this?
This is an amendment to a Schedule 13D filing.
When was this amendment filed?
This amendment was filed on June 14, 2024.
What is the CUSIP number for Invesco Ltd. common stock?
The CUSIP number for Invesco Ltd. common stock is G491BT108.
Filing Stats: 1,764 words · 7 min read · ~6 pages · Grade level 8 · Accepted 2024-06-14 17:20:06
Key Financial Figures
- $0.20 — me of Issuer) Common Stock, par value $0.20 per share (Title of Class of Securiti
- $14.8096 — Trian Management 4/23/2024 2,358 $14.8096 Sale Trian Management 4/23/2024
- $14.7765 — Trian Management 4/23/2024 1,463 $14.7765 Sale Trian AM Holdco 4/23/2024
- $15.6273 — ian AM Holdco 5/31/2024 1,000,000 $15.6273 Sale Trian AM Holdco 6/3/2024 3
- $15.6102 — Trian AM Holdco 6/3/2024 389,595 $15.6102 Sale Trian AM Holdco 6/4/2024 2
- $15.6346 — Trian AM Holdco 6/4/2024 265,968 $15.6346 Sale Trian AM Holdco 6/5/2024 1
- $15.5116 — Trian AM Holdco 6/5/2024 134,372 $15.5116 Sale Trian AM Holdco 6/6/2024 1
- $15.5000 — le Trian AM Holdco 6/6/2024 100 $15.5000 Sale Trian AM Holdco 6/7/2024 4
- $15.0562 — Trian AM Holdco 6/7/2024 473,283 $15.0562 Sale Trian AM Holdco 6/10/2024
- $15.1632 — ian AM Holdco 6/10/2024 1,250,000 $15.1632 Sale Trian AM Holdco 6/11/2024
- $14.9487 — Trian AM Holdco 6/11/2024 700,000 $14.9487 Sale Trian AM Holdco 6/12/2024
- $15.5748 — ian AM Holdco 6/12/2024 1,070,000 $15.5748 Sale Trian AM Holdco 6/13/2024
- $14.8708 — Trian AM Holdco 6/13/2024 484,000 $14.8708 Sale On June 14, 2024, Trian AM Hol
Filing Documents
- ivz_13d_amendment_no_10.htm (SC 13D) — 195KB
- 0000950170-24-073806.txt ( ) — 196KB
Purpose of Transaction
Item 4. Purpose of Transaction
of the Schedule 13D is hereby amended and supplemented by adding the following
Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following: The sales of Shares by Reporting Persons reported below in Item 5 were done for portfolio management purposes.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer
of the Schedule 13D is hereby amended and supplemented by adding the following
Item 5 of the Schedule 13D is hereby amended and supplemented by adding the following: (a) As of 4:00 p.m., New York City time, on June 14, 2024, the Reporting Persons beneficially owned, in the aggregate, 27,223,734 Shares, representing approximately 6.05% of the Issuer’s outstanding Shares (calculated based on 449,831,075 Shares outstanding as of March 31, 2024, as reported in the Issuer’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2024). (b) Each of Trian AM Holdco and Trian Management beneficially and directly owns and has sole voting power and sole dispositive power with regard to 27,213,921 and 9,813 Shares, respectively, except to the extent that other Reporting Persons as described in this Item 5(b) may be deemed to have shared voting power and shared dispositive power with regard to such Shares. (c) Set forth below is a list of all transactions with respect to the Shares effected by any of the Reporting Persons since the filing of Amendment No. 9, inclusive of all transactions effected through 4:00 pm, New York City time, on June 14, 2024. All such transactions listed in the table below were effected in the open market. The prices set forth in the table do not include commissions. Fund Date Shares Price Type Trian Management 4/23/2024 2,358 $14.8096 Sale Trian Management 4/23/2024 1,463 $14.7765 Sale Trian AM Holdco 4/23/2024 520,479 $14.8096 Sale Trian AM Holdco 4/23/2024 322,898 $14.7765 Sale Trian AM Holdco 5/31/2024 1,000,000 $15.6273 Sale Trian AM Holdco 6/3/2024 389,595 $15.6102 Sale Trian AM Holdco 6/4/2024 265,968 $15.6346 Sale Trian AM Holdco 6/5/2024 134,372 $15.5116 Sale Trian AM Holdco 6/6/2024 100 $15.5000 Sale Trian AM Holdco 6/7/2024 473,283 $15.0562 Sale Trian AM Holdco 6/10/2024 1,250,000 $15.1632 Sale Trian AM Holdco 6/11/2024 700,000 $14.9487 Sale Trian AM Holdco 6/12/