SCHEDULE 13G/A: Hotchkis and Wiley Capital Management, LLC and Vanguard Windsor II Fund Disclose Significant Stakes in APA Corporation

Hotchkis and Wiley Capital Management, LLC and Vanguard Windsor II Fund have filed Schedule 13G amendments, revealing their beneficial ownership of 10.01% and 5.2% respectively, in APA Corporation's common stock as of March 31, 2025.

Summary

• Hotchkis and Wiley Capital Management, LLC (HWCM) reported beneficial ownership of 36,439,749 shares of APA Corporation's common stock, representing 10.01% of the class.
• HWCM holds sole voting power over 33,797,033 shares and sole dispositive power over 36,439,749 shares.
• Vanguard Windsor II Fund reported beneficial ownership of 18,764,967 shares of APA Corporation's common stock, representing 5.2% of the class.
• Vanguard Windsor II Fund holds sole voting power and sole dispositive power over all 18,764,967 shares.
• The percentages are based on 364,064,316 shares of Common Stock outstanding as of January 31, 2025, as reported by APA Corporation in its Form 10-K.
• Both entities disclaim that their holdings were acquired or are held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Schedule 13G/A) reporting beneficial ownership. It is factual and does not contain forward-looking statements, operational results, or qualitative assessments that would typically influence sentiment beyond the neutral act of disclosure itself. The disclaimed intent to influence control is a neutral to slightly positive aspect.

Positives

• Significant beneficial ownership by two major institutional investors, Hotchkis and Wiley Capital Management, LLC and Vanguard Windsor II Fund, indicates substantial institutional confidence in APA Corporation.
• The filing explicitly states that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer, suggesting a stable, long-term investment perspective from these holders.

Risks

• While the filing disclaims intent to influence control, large beneficial ownership stakes by institutional investors can still exert indirect influence on corporate governance and strategic decisions.

Future Outlook

NA

Industry Context

This filing reflects routine disclosure of significant institutional ownership in a publicly traded company within the energy sector (APA Corporation is an oil and gas exploration and production company). Such disclosures are common and provide transparency regarding major shareholders.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holders, which can influence market perception and liquidity.
• Management: Awareness of large institutional stakes may influence strategic considerations, though the filing explicitly disclaims intent to influence control.

Key Dates

Keywords

APA Corporation, Hotchkis and Wiley Capital Management, Vanguard Windsor II Fund, Beneficial Ownership, Schedule 13G, SEC Filing, Common Stock, Institutional Ownership, Investment Adviser, Investment Company