SCHEDULE: Ameriprise Financial, Columbia Management Update AEIS Holdings

Ameriprise Financial and Columbia Management Investment Advisers have filed an amended Schedule 13G, disclosing their beneficial ownership in Advanced Energy Industries, Inc. common stock.

Summary

• Ameriprise Financial, Inc. (AFI) and its subsidiary, Columbia Management Investment Advisers, LLC (CMIA), filed an Amendment No. 6 to Schedule 13G regarding their holdings in Advanced Energy Industries, Inc.
• As of September 30, 2025, AFI beneficially owned 1,820,336 shares of Advanced Energy Industries, Inc. common stock, representing 4.8% of the class.
• AFI holds shared voting power over 1,712,666 shares and shared dispositive power over 1,820,336 shares.
• CMIA beneficially owned 1,506,186 shares, representing 4.0% of the class.
• CMIA holds shared voting power over 1,477,852 shares and shared dispositive power over 1,506,186 shares.
• AFI's reported ownership includes the shares held by CMIA, as AFI is the parent company.
• Both reporting persons disclaim beneficial ownership of the reported shares.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: This is a routine Schedule 13G amendment disclosing beneficial ownership. While the percentages are below 5%, which might suggest a reduction from previous filings, the filing itself is a standard compliance document and does not contain information that would significantly alter the company's fundamental outlook.

Positives

• Continued institutional interest from major financial entities like Ameriprise Financial and Columbia Management in Advanced Energy Industries, Inc.
• The holdings are stated to be for the ordinary course of business, indicating a passive investment stance rather than an intent to influence control.

Negatives

• The beneficial ownership percentages (4.8% for AFI and 4.0% for CMIA) are below the 5% threshold typically associated with new Schedule 13G filings, which, given this is Amendment No. 6, suggests a potential reduction in holdings from a previous filing where they likely crossed the 5% threshold.

Risks

• No specific risks related to the issuer's operations or financial health are mentioned in this ownership disclosure.
• A potential interpretation of a reduced stake by institutional investors, if confirmed from prior filings, could be perceived as a negative signal by the market.

Future Outlook

NA

Management Comments

• "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 and are not held 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."

Industry Context

This filing reflects routine disclosure by institutional investors regarding their passive equity holdings. It indicates continued institutional investment in the technology/industrial sector represented by Advanced Energy Industries, Inc., without providing specific insights into broader industry trends.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings, which can influence market perception and liquidity. A reduction in institutional ownership (if confirmed from previous filings) could be perceived negatively.
• Management: Awareness of significant institutional investors and their passive stance regarding company control.

Next Steps

• The reporting persons will file further amendments to Schedule 13G if their beneficial ownership changes by more than 1% of the class.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of beneficial ownership by Ameriprise Financial and Columbia Management Investment Advisers. While the reported percentages are below the 5% threshold, suggesting a potential reduction from prior holdings (given it's Amendment No. 6), the filing itself does not provide new fundamental information about Advanced Energy Industries, Inc.'s operational performance, financial health, or strategic direction. Therefore, based solely on this ownership disclosure, a seasoned investor would likely maintain their current position ("hold") pending further operational or financial updates from the company. The disclaimer of intent to influence control reinforces a passive investment stance.

Keywords

Advanced Energy Industries, AEIS, Ameriprise Financial, Columbia Management, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Equity Holdings