SCHEDULE 13G: Ameriprise Financial and Columbia Management Disclose Significant Passive Stake in Lyft

Ameriprise Financial, Inc. and its subsidiary Columbia Management Investment Advisers, LLC have disclosed beneficial ownership of 6.1% and 5.9% respectively of Lyft, Inc.'s Class A Common Stock as of March 31, 2025.

Summary

• Ameriprise Financial, Inc. (AFI) and its subsidiary, Columbia Management Investment Advisers, LLC (CMIA), have filed a Schedule 13G indicating their beneficial ownership in Lyft, Inc.
• As of March 31, 2025, AFI beneficially owns an aggregate of 24,849,227 shares of Lyft's Class A Common Stock, representing 6.1% of the class.
• AFI holds shared voting power over 23,679,637 shares and shared dispositive power over 24,849,227 shares.
• CMIA, a subsidiary of AFI, beneficially owns 24,025,037 shares of Lyft's Class A Common Stock, representing 5.9% of the class.
• CMIA holds shared voting power over 23,614,782 shares and shared dispositive power over 24,025,037 shares.
• AFI's reported shares include those separately reported by CMIA, reflecting the parent-subsidiary relationship.
• Both reporting persons disclaim beneficial ownership of any shares reported on this Schedule, indicating these shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Lyft.

Sentiment

Score: 5

Explanation: This is a routine, factual disclosure of beneficial ownership by institutional investors and does not contain information that would indicate positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing indicates a significant institutional investment by a major financial services company and its asset management subsidiary in Lyft, a prominent player in the ride-sharing and transportation technology sector. Such disclosures provide transparency regarding large passive stakes held by institutional investors in publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings in Lyft, indicating confidence from large asset managers in the company's long-term prospects as a passive investment.

Key Dates

Keywords

Lyft, Ameriprise Financial, Columbia Management Investment Advisers, Schedule 13G, beneficial ownership, Class A Common Stock, institutional investment, passive investment