SCHEDULE 13G: LSV Asset Management Discloses 5.07% Passive Stake in ODP Corp

LSV Asset Management has filed a Schedule 13G, reporting a passive beneficial ownership of 5.07% of ODP Corp's Class A Common Stock as of December 31, 2024.

Summary

• LSV Asset Management, an investment adviser, has reported a beneficial ownership of 1,527,988 shares of ODP Corp's Class A Common Stock.
• This stake represents 5.07% of the total Class A Common Stock outstanding.
• The filing is a Schedule 13G, indicating a passive investment, not intended to change or influence control of ODP Corp.
• LSV Asset Management holds sole voting power over 864,188 shares and sole dispositive power over all 1,527,988 shares.
• The shares are held in the ordinary course of business for the benefit of LSV Asset Management's clients, including funds and/or managed accounts, who have the right to receive dividends and proceeds from sales.

Sentiment

Score: 5

Explanation: Neutral. A Schedule 13G filing is a routine disclosure of passive ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of a passive institutional ownership stake, common in the financial industry for investment advisers managing client portfolios. It does not provide specific insights into broader industry trends or competitive positioning of ODP Corp.

Stakeholder Impact

• This filing informs shareholders and the market of a significant institutional ownership stake in ODP Corp, potentially signaling confidence from a large investment adviser.

Key Dates

Keywords

ODP Corp, LSV Asset Management, Schedule 13G, Beneficial Ownership, Class A Common Stock, Passive Investment, Institutional Ownership, SEC Filing, Investment Adviser