SCHEDULE 13G/A: Alkeon Capital Management Discloses 3.5% Passive Stake in OneStream, Inc.
Beneficial Ownership Report
Alkeon Capital Management LLC and its founder, Panayotis D. Sparaggis, have filed an amended Schedule 13G, reporting a passive beneficial ownership of 3.5% in OneStream, Inc.'s Class A Common Stock.
Summary
- Alkeon Capital Management LLC and Panayotis D. Sparaggis, collectively referred to as the Reporting Persons, have filed an Amendment No. 1 to Schedule 13G.
- The filing indicates beneficial ownership of 2,526,261 shares of OneStream, Inc.'s Class A Common Stock.
- This aggregate amount represents 3.5% of the Class A Common Stock outstanding.
- The percentage is calculated based on 73,114,192 shares of Class A Common Stock outstanding as of February 24, 2025, as reported in OneStream's Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
- Both Reporting Persons share voting and dispositive power over all 2,526,261 shares.
- Alkeon Capital Management LLC is a Delaware limited liability company and an investment manager, while Panayotis D. Sparaggis is a U.S. citizen and the Founder and Managing Director of Alkeon.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing a passive ownership stake. It contains factual information about share ownership and does not convey positive or negative sentiment regarding the issuer's performance or future prospects.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a passive investment stake by an investment management firm in a publicly traded company. It reflects a standard portfolio position rather than a strategic industry move or competitive action.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant passive ownership stake by an institutional investor, which can be viewed as a vote of confidence in the company's long-term prospects, though it does not imply active involvement in management.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | End of fiscal year for OneStream, Inc.'s Annual Report on Form 10-K. |
| 2025-02-24 | Date as of which 73,114,192 shares of Class A Common Stock were outstanding, as reported in OneStream's 10-K. |
| 2025-02-27 | Date OneStream, Inc. filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. |
| 2025-03-31 | Date of event which requires the filing of this Schedule 13G statement. |
| 2025-05-14 | Date the Schedule 13G Amendment No. 1 was signed and filed by Alkeon Capital Management LLC and Panayotis D. Sparaggis. |
Keywords
OneStream Inc., Alkeon Capital Management LLC, Panayotis D. Sparaggis, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Investment Management, Passive Investment
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