BlackRock Files SC 13D/A Amendment for Envestnet Holdings

TL;DR

BlackRock updated its Envestnet stake filing. Watch for potential moves.

AI Summary

BlackRock, Inc. filed an amendment (No. 3) to its Schedule 13D on November 27, 2024, regarding its holdings in Envestnet, Inc. The filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. BlackRock, Inc. is a significant investment management corporation.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy of Envestnet, Inc., which could impact its stock performance and corporate governance.

Risk Assessment

Risk Level: medium — Changes in beneficial ownership by large institutional investors like BlackRock can indicate strategic shifts and may lead to increased trading volume or price volatility.

Key Players & Entities

• BlackRock, Inc. (company) — Filing entity
• Envestnet, Inc. (company) — Subject company
• David Maryles (person) — Managing Director, Legal and Compliance

FAQ

From the Filing

0001341004-24-000229.txt : 20241127 0001341004-24-000229.hdr.sgml : 20241127 20241127165747 ACCESSION NUMBER: 0001341004-24-000229 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20241127 DATE AS OF CHANGE: 20241127 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ENVESTNET, INC. CENTRAL INDEX KEY: 0001337619 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 201409613 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86053 FILM NUMBER: 241512141 BUSINESS ADDRESS: STREET 1: 1000 CHESTERBROOK BOULEVARD STREET 2: SUITE 250 CITY: BERWYN STATE: PA ZIP: 19312 BUSINESS PHONE: 312-827-2800 MAIL ADDRESS: STREET 1: 1000 CHESTERBROOK BOULEVARD STREET 2: SUITE 250 CITY: BERWYN STATE: PA ZIP: 19312 FORMER COMPANY: FORMER CONFORMED NAME: ENVESTNET ASSET MANAGEMENT GROUP INC DATE OF NAME CHANGE: 20050831 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock, Inc. CENTRAL INDEX KEY: 0002012383 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 991116001 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: (212) 810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock Funding, Inc. /DE DATE OF NAME CHANGE: 20240215 SC 13D/A 1 sc13da3.htm SCHEDULE 13D, AMENDMENT NO. 3 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549       SCHEDULE 13D       Under the Securities Exchange Act of 1934 (Amendment No. 3)*   ENVESTNET, INC. (Name of Issuer)   Common Stock (Title of Class of Securities)   29404K106 (CUSIP Number)   David Maryles Managing Director, Legal and Compliance BlackRock, Inc. 50 Hudson Yards New York, NY 10001 (212) 810-5300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)   November 25, 2024 (Date of Event which Requires Filing of this Statement)   If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: ☒     Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.   *  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 disclosures provided in a prior cover page.   The information required on 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).    CUSIP No.:  29404K106     1 NAMES OF REPORTING PERSONS   BlackRock, Inc. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒ 3 SEC USE ONLY   4 SOURCE OF FUNDS   OO 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)  ☐ 6 CITIZENSHIP OR PLACE OF ORGANIZATION   Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER   0 8 SHARED VOTING POWER   0 9 SOLE DISPOSITIVE POWER   0 10 SHARED DISPOSITIVE POWER   0 11 AGGREGATE AMOUNT BENEFICIALLY OWNED