SCHEDULE: BlackRock Discloses 9.4% Stake in Madison Square Garden Sports Corp.
Beneficial Ownership Report
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 9.4% beneficial ownership stake in Madison Square Garden Sports Corp.'s Class A Stock.
Summary
- BlackRock, Inc. reported beneficial ownership of 1,822,332 shares of Madison Square Garden Sports Corp.'s Class A Stock.
- This ownership represents 9.4% of the Class A Stock.
- BlackRock holds sole voting power over 1,792,163 shares and sole dispositive power over 1,822,332 shares.
- The filing is an Amendment No. 2 to Schedule 13G, with the event date requiring filing being June 30, 2025.
- One of BlackRock's entities, iShares Core S&P Small-Cap ETF, holds an interest of more than 5% in the common stock.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: Neutral, as this is a factual disclosure of ownership and does not contain performance or strategic updates from the issuer.
Positives
- A significant 9.4% stake held by a major institutional investor like BlackRock can signal confidence in Madison Square Garden Sports Corp.
- The holding is stated to be in the ordinary course of business, indicating a passive investment rather than an activist stance.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: BlackRock's significant stake may be viewed positively, indicating institutional confidence in the company.
- Management: Awareness of a large, passive institutional holder in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, which was revoked. |
| 2025-01-21 | Effective date of the new Power of Attorney. |
| 2025-06-30 | Date of event which requires filing of this statement. |
| 2025-07-18 | Signature date of the Schedule 13G filing. |
Keywords
BlackRock, Madison Square Garden Sports Corp., MSG Sports, MSGS, Schedule 13G, Beneficial Ownership, Institutional Investor, Class A Stock, Investment Management
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