SCHEDULE: Manulife Discloses 12.4% Stake in Mobileye Global

Manulife Investment Management (US) LLC reports a significant 12.40% beneficial ownership of Mobileye Global Inc.'s Class A Common Stock.

Summary

• Manulife Financial Corporation and its subsidiaries, Manulife Investment Management Limited (MIML) and Manulife Investment Management (US) LLC (MIM (US)), have filed an Amendment No. 2 to Schedule 13G.
• MIM (US) beneficially owns 12,465,414 shares of Mobileye Global Inc.'s Class A Common Stock, representing 12.40% of the class.
• MIML beneficially owns 1,787 shares of Class A Common Stock, representing 0.01% of the class.
• Manulife Financial Corporation is deemed to have beneficial ownership of these shares due to its parent-subsidiary relationship with MIM (US) and MIML.
• The total outstanding Class A Common Stock of Mobileye Global Inc. was 100,496,663 shares as of April 15, 2025, based on the issuer's Form 10-Q filed on April 24, 2025.
• MIM (US) and MIML each hold sole voting and sole dispositive power over their respective shares.

Sentiment

Score: 5

Explanation: The filing is a factual, routine disclosure of beneficial ownership and does not contain information that would significantly alter the fundamental outlook or sentiment for the issuer or the reporting entities.

Positives

• The disclosure of a significant 12.40% stake by a major institutional investor like Manulife Investment Management (US) LLC may signal confidence in Mobileye Global Inc.'s long-term prospects.
• Institutional ownership can contribute to market stability and liquidity for the issuer's stock.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's or reporting persons' future financial performance or strategic plans.

Industry Context

Institutional ownership, particularly by large asset managers like Manulife, is a common feature of publicly traded companies. Such filings provide transparency on significant passive investment stakes, which are typical for companies in the technology and automotive sectors like Mobileye Global Inc., known for its advanced driver-assistance systems (ADAS) and autonomous driving technologies.

Comparison to Industry Standards

• A 12.40% stake by a single institutional investor is a substantial holding, common among large-cap companies where institutional investors often hold significant portions of outstanding shares.
• This level of ownership is consistent with typical institutional investment patterns in established technology companies, where passive index funds and active managers build positions based on market capitalization and strategic outlook.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can be viewed as a vote of confidence by a major financial institution.
• Regulatory Bodies: Fulfills SEC disclosure requirements for beneficial ownership, ensuring market transparency.

Key Dates

Recommendation

This filing is a routine disclosure of beneficial ownership by institutional investors and does not contain new fundamental information regarding Mobileye Global Inc.'s operations, financial performance, or strategic direction that would warrant a change in investment recommendation. It confirms Manulife's passive stake in the company.

Keywords

Mobileye Global Inc., Manulife Financial Corporation, Manulife Investment Management, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Passive Investment