SCHEDULE 13G/A: BlackRock Amends Stake in Spectrum Brands Holdings, Reports 4.5% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, disclosing a 4.5% beneficial ownership stake in Spectrum Brands Holdings, Inc. as of March 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Spectrum Brands Holdings, Inc. Common Stock.
- As of March 31, 2025, BlackRock beneficially owns an aggregate of 1,181,569 shares of Spectrum Brands Holdings, Inc. Common Stock.
- This ownership represents 4.5% of the class of securities, which is below the 5% threshold that would typically trigger a Schedule 13D filing.
- BlackRock holds sole voting power over 1,078,883 shares and sole dispositive power over 1,181,569 shares, with no shared voting or dispositive power reported.
- The filing states 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.
- BlackRock is filing as a parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
- The filing lists several BlackRock subsidiaries and affiliates that contribute to the aggregate beneficial ownership, including BlackRock Advisors, LLC and BlackRock Fund Advisors.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) by an institutional investor, BlackRock, disclosing its passive ownership stake. It contains factual information about shareholdings and does not convey positive or negative sentiment regarding the issuer's performance or outlook. The 4.5% stake is below the 5% threshold, indicating no immediate control-related intentions.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a major institutional investor, BlackRock, indicating its passive ownership stake in Spectrum Brands Holdings. Such Schedule 13G filings are common and reflect portfolio adjustments by large asset managers rather than specific strategic moves related to the issuer's industry trends or competitive landscape.
Stakeholder Impact
- This filing primarily impacts shareholders by providing transparency on a significant institutional investor's stake, confirming BlackRock's passive investment approach in Spectrum Brands Holdings, Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Date of previous Power of Attorney that was expressly revoked. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-04-25 | Date of filing and signature by BlackRock, Inc. |
Keywords
BlackRock, Spectrum Brands Holdings, SEC Filing, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Investment Management, 84790A105
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