SCHEDULE 13G: State Street Corporation Discloses 5.1% Passive Stake in Crescent Energy Co.

State Street Corporation has disclosed a 5.1% beneficial ownership stake in Crescent Energy Co., holding 9,687,405 shares of common stock as of March 31, 2025, for ordinary course of business purposes.

Summary

• State Street Corporation reported beneficial ownership of 9,687,405 shares of Crescent Energy Co. common stock.
• This ownership represents 5.1% of Crescent Energy Co.'s common stock outstanding.
• The filing was made on May 9, 2025, based on an event date of March 31, 2025, which triggered the reporting requirement.
• State Street Corporation holds shared voting power over 9,525,240 shares and shared dispositive power over all 9,687,405 shares.
• The shares are held in the ordinary course of business and were not acquired or held for the purpose of changing or influencing control of the issuer.
• Several State Street Global Advisors subsidiaries, including SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, State Street Global Advisors Limited, State Street Global Advisors Trust Company, and State Street Global Advisors, Ltd., are identified as the entities through which the securities were acquired.

Sentiment

Score: 6

Explanation: The filing is a routine disclosure of a passive ownership stake by a large institutional investor, which is generally a neutral to slightly positive signal as it indicates a significant holding by a respected financial entity.

Positives

• A major institutional investor, State Street Corporation, has disclosed a significant stake, indicating a notable presence of institutional capital in Crescent Energy Co.

Risks

• The filing explicitly states that the shares were not acquired or held for the purpose of changing or influencing control of the issuer, which mitigates a potential risk of activist investor intervention.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance or State Street Corporation's investment strategy.

Management Comments

• "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." (Statement by Elizabeth Schaefer, Senior Vice President, Chief Accounting Officer of State Street Corporation)

Industry Context

This filing indicates a significant passive investment by a major global asset manager, State Street Corporation, in Crescent Energy Co., an entity operating within the energy sector. Such disclosures are common for large institutional investors managing diversified portfolios and reflect routine portfolio management rather than a strategic corporate action.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional holder (State Street Corporation) provides transparency regarding the company's ownership structure, which can influence investor perception and confidence.

Key Dates

Keywords

Crescent Energy Co, State Street Corporation, Schedule 13G, beneficial ownership, common stock, institutional investment, SEC filing, energy sector