SCHEDULE: AllianceBernstein Reports 4.8% Stake in Cboe Global Markets

AllianceBernstein L.P. has disclosed a beneficial ownership of 5,061,323 shares, representing 4.8% of the outstanding common stock of Cboe Global Markets Inc.

Summary

• AllianceBernstein L.P. has filed a Schedule 13G, indicating it beneficially owns 5,061,323 shares of Cboe Global Markets Inc. common stock.
• This holding represents 4.8% of the class of securities.
• The shares were acquired solely for investment purposes on behalf of client discretionary investment advisory accounts.
• AllianceBernstein L.P. is a majority-owned subsidiary of Equitable Holdings, Inc. (EQH), but operates with independent management and makes independent decisions.
• The filing is an amendment (Amendment No. 3) to a previous filing, with the date of event requiring filing being March 31, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating a significant investment by a reputable asset manager, but without new performance data or strategic announcements.

Positives

• AllianceBernstein L.P. holds a significant stake (4.8%) in Cboe Global Markets Inc., suggesting confidence in the company's prospects.
• The shares are held for investment purposes on behalf of client accounts, indicating a long-term investment strategy.
• AllianceBernstein L.P. operates independently from its parent company, Equitable Holdings, Inc., in its investment decisions.

Risks

• The filing does not explicitly mention any risks, but as a significant shareholder, AllianceBernstein L.P. is exposed to the general market and business risks of Cboe Global Markets Inc.

Future Outlook

The filing is a disclosure of current ownership and does not contain forward-looking statements or guidance regarding Cboe Global Markets Inc.'s future performance.

Management Comments

• "AllianceBernstein L.P. is a majority owned subsidiary of Equitable Holdings, Inc. ('EQH'). AllianceBernstein operates under independent management and makes independent decisions from EQH and its respective subsidiaries, and EQH calculates and reports beneficial ownership separately from AllianceBernstein pursuant to guidance provided by the Securities and Exchange Commission in Release Number 34-39538 (January 12, 1998)."
• "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

StockSavvy.ai notes that this Schedule 13G filing by AllianceBernstein L.P. signifies a substantial investment in Cboe Global Markets Inc., a key player in the exchange and trading infrastructure sector. Such filings from large asset managers often reflect strategic portfolio allocation and can be indicative of institutional sentiment towards the company and its industry.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional investor's stake, which can be viewed positively as it suggests confidence in the company's value and future prospects.
• Management: The independent investment decision-making by AllianceBernstein L.P. from its parent company, EQH, is noted, which is a standard governance practice.
• Creditors: No direct impact on creditors is indicated by this filing.

Next Steps

• AllianceBernstein L.P. will continue to hold the shares for investment purposes on behalf of its clients.
• Further filings will be made if ownership levels change significantly according to SEC regulations.

Key Dates

Keywords

Cboe Global Markets, AllianceBernstein L.P., Schedule 13G, Beneficial Ownership, Investment, Equitable Holdings, SEC Filing, Common Stock