SCHEDULE 13G/A: BlackRock Discloses 8.2% Passive Stake in ODP Corp

BlackRock, Inc. has filed an amended Schedule 13G, reporting a passive beneficial ownership of 8.2% of ODP Corp's common stock, totaling 2,434,435 shares as of April 30, 2025.

Summary

• BlackRock, Inc. filed Amendment No. 14 to Schedule 13G concerning its beneficial ownership in ODP Corp.
• As of April 30, 2025, BlackRock beneficially owns 2,434,435 shares of ODP Corp's common stock.
• This ownership represents 8.2% of the total outstanding common stock of ODP Corp.
• BlackRock holds sole voting power over 2,373,989 shares and sole dispositive power over 2,434,435 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 ODP Corp.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing beneficial ownership and does not contain information that inherently indicates a positive or negative sentiment regarding the issuer's performance or prospects.

Positives

• The disclosure of a significant passive stake by a major institutional investor like BlackRock may be viewed as a signal of confidence in ODP Corp.

Negatives

• No specific negative information was disclosed in this beneficial ownership filing.

Risks

• This filing, a Schedule 13G, does not contain information regarding specific risks to ODP Corp's business operations or financial performance.

Future Outlook

This Schedule 13G filing does not provide any forward-looking statements or guidance regarding ODP Corp's future outlook.

Management Comments

• The filing includes a certification from BlackRock, Inc. stating 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, and were not acquired or 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 Rule 14a-11.

Industry Context

This filing is a routine disclosure of beneficial ownership by a large institutional investor and does not provide specific insights into broader industry trends or competitive dynamics for ODP Corp.

Comparison to Industry Standards

• This beneficial ownership filing does not contain information suitable for comparison to industry-specific financial or operational benchmarks.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake in the company.

Next Steps

• No specific future actions or milestones for ODP Corp are mentioned in this beneficial ownership filing.

Key Dates

Keywords

ODP Corp, BlackRock, Schedule 13G, beneficial ownership, common stock, institutional investor, passive investment