SCHEDULE 13G/A: AllianceBernstein Discloses 5.1% Stake in Klaviyo Inc. Common Stock
Beneficial Ownership Report
AllianceBernstein L.P. has reported a 5.1% beneficial ownership stake in Klaviyo Inc. as of December 31, 2024, through a Schedule 13G filing with the SEC.
Summary
- AllianceBernstein L.P. filed an Amendment No. 2 to Schedule 13G, disclosing its beneficial ownership in Klaviyo Inc.
- As of December 31, 2024, AllianceBernstein L.P. beneficially owned an aggregate of 3,996,216 shares of Klaviyo Inc. Common Stock.
- This ownership represents 5.1% of the class of securities.
- AllianceBernstein L.P. holds sole voting power over 3,679,293 shares and sole dispositive power over 3,953,029 shares.
- Shared voting power is 0 shares, and shared dispositive power is 43,187 shares.
- The shares were acquired solely for investment purposes on behalf of client discretionary investment advisory accounts.
- AllianceBernstein L.P. certified that the securities were not acquired or held for the purpose of changing or influencing the control of Klaviyo Inc.
Sentiment
Score: 6
Explanation: The document is a factual regulatory disclosure of ownership, inherently neutral. However, a significant stake (5.1%) by a reputable investment firm like AllianceBernstein L.P. can be perceived positively by the market as a sign of institutional confidence in the issuer.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
This document is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future performance or outlook.
Management Comments
- AllianceBernstein L.P. certified that the securities 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.
Industry Context
This Schedule 13G filing provides transparency into institutional ownership of Klaviyo Inc. by AllianceBernstein L.P., a significant investment adviser. Such filings are routine disclosures required when an entity acquires beneficial ownership of more than 5% of a company's stock, indicating a notable investment position by a major financial institution.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| NA | NA | NA | NA | NA |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| NA | NA | NA | NA |
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can influence market perception and potentially share price.
- Investment Community: Offers insight into the investment strategies of major firms like AllianceBernstein L.P. regarding Klaviyo Inc.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (ownership snapshot date) |
| 02/05/2025 | Date of filing and signature by AllianceBernstein L.P. |
Keywords
Klaviyo Inc, AllianceBernstein L.P., Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Ownership, Investment Adviser
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