SCHEDULE: Jennison Associates Boosts Great Lakes Dredge Stake to 6.3%
Beneficial Ownership Report
Jennison Associates LLC has reported an increased beneficial ownership in Great Lakes Dredge & Dock Co, now holding 6.3% of common stock.
Summary
- Jennison Associates LLC, an investment adviser, has filed an Amendment No. 18 to Schedule 13G regarding its beneficial ownership in Great Lakes Dredge & Dock Co.
- As of September 30, 2025, Jennison Associates LLC beneficially owns 4,274,268 shares of Great Lakes Dredge & Dock Co. common stock.
- This ownership represents 6.3% of the class of securities.
- Jennison Associates LLC holds sole voting power over all 4,274,268 shares.
- Jennison Associates LLC holds shared dispositive power over all 4,274,268 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A large institutional holding is generally a good sign of investor confidence, but a 13G filing itself doesn't provide operational or financial performance details to warrant a strong positive or negative score.
Positives
- A significant institutional investor, Jennison Associates LLC, maintains a substantial stake, indicating continued confidence in Great Lakes Dredge & Dock Co.
Future Outlook
This filing does not contain any forward-looking statements or guidance from Great Lakes Dredge & Dock Co. or Jennison Associates LLC regarding the issuer's future performance.
Industry Context
This filing reflects a routine disclosure by a large institutional investor, Jennison Associates LLC, regarding its passive ownership stake in Great Lakes Dredge & Dock Co., a prominent player in the dredging and marine construction industry. Such filings are common and provide transparency into significant holdings by investment advisers, often without implying any strategic or operational changes for the underlying company.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception and liquidity.
- Management: Awareness of a large, passive institutional investor on the shareholder register.
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of the event which requires the filing of this statement, reflecting the beneficial ownership position. |
| 11/05/2025 | Date the Schedule 13G/A Amendment No. 18 was signed and filed by Jennison Associates LLC. |
Recommendation
holdThis Schedule 13G filing primarily serves as a disclosure of beneficial ownership by an institutional investor and does not contain information related to the operational performance, financial health, or strategic direction of Great Lakes Dredge & Dock Co. As such, it provides insufficient data to warrant a 'buy' or 'sell' recommendation. The continued significant holding by Jennison Associates LLC suggests a stable institutional presence, supporting a 'hold' stance for existing investors, while new investment decisions would require a broader analysis of the company's fundamentals and market conditions.
Keywords
Great Lakes Dredge & Dock Co, Jennison Associates LLC, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Dredging, Marine Construction
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