SCHEDULE: Goldman Sachs Discloses 5.7% Stake in Definitive Healthcare

Goldman Sachs Group and its subsidiary, Goldman Sachs & Co. LLC, have reported a 5.7% beneficial ownership stake in Definitive Healthcare Corp. as of December 31, 2025.

Summary

• The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC jointly reported beneficial ownership of 5,935,933 shares of Definitive Healthcare Corp.'s Class A Common Stock.
• This ownership represents 5.7% of the Class A Common Stock outstanding.
• The reporting entities hold shared voting power over 5,934,807 shares and shared dispositive power over 5,935,933 shares.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previous ownership disclosure.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Definitive Healthcare Corp.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a significant stake by Goldman Sachs can be seen as a vote of confidence in Definitive Healthcare Corp., although it's a passive investment.

Positives

• Significant institutional investment from Goldman Sachs, a major financial institution, can signal confidence in Definitive Healthcare Corp.'s prospects.
• The stake is held in the ordinary course of business, suggesting a passive, long-term investment perspective rather than an activist stance.

Management Comments

• "By signing below I certify that, 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."

Industry Context

StockSavvy.ai notes that institutional ownership by major financial players like Goldman Sachs is a common occurrence in the public markets, often reflecting a belief in the long-term value or strategic position of the underlying company within its sector. For Definitive Healthcare, a company operating in the healthcare technology and data analytics space, such an investment from a prominent institution could be interpreted as a validation of its market position and growth prospects.

Comparison to Industry Standards

• StockSavvy.ai observes that a 5.7% stake by a major institutional investor like Goldman Sachs is a significant, but not controlling, position.
• This level of ownership is typical for large asset managers or investment banks holding shares for various client accounts or proprietary trading strategies.
• Similar stakes are often seen in other healthcare technology companies where institutional investors like BlackRock or Vanguard hold passive positions, such as in Veeva Systems or IQVIA Holdings, reflecting broad market exposure rather than a specific activist agenda.

Stakeholder Impact

• Shareholders: Increased institutional ownership may enhance market confidence and liquidity.
• Management: No direct impact on management control or strategy, as the investment is passive.

Key Dates

Recommendation

This filing indicates a significant, but passive, institutional stake by Goldman Sachs in Definitive Healthcare Corp. While it signals confidence from a major financial player, the filing itself does not provide new operational or financial data about Definitive Healthcare that would warrant a change in investment thesis. It's a disclosure of ownership, not a performance update. Therefore, a "hold" recommendation is appropriate for investors to maintain their current position while awaiting further operational updates from the company.

Keywords

Definitive Healthcare, Goldman Sachs, Institutional Ownership, SEC Filing, Schedule 13G, Class A Common Stock, Beneficial Ownership, Healthcare Technology, Financial Services