SCHEDULE 13G/A: Baillie Gifford & Co Reports Passive Stake in Rivian Automotive, Inc. Below 5%
Beneficial Ownership Report
Baillie Gifford & Co has filed an amended Schedule 13G, disclosing a beneficial ownership of 4.9% in Rivian Automotive, Inc. as of December 31, 2024, indicating a passive investment below the 5% threshold.
Summary
- Baillie Gifford & Co, a UK-based investment adviser, filed an Amendment No. 1 to Schedule 13G regarding its beneficial ownership in Rivian Automotive, Inc.
- As of December 31, 2024, Baillie Gifford & Co beneficially owned an aggregate of 49,603,446 shares of Rivian Automotive, Inc. Common Stock.
- This ownership represents 4.9% of the class of securities, placing Baillie Gifford & Co below the 5% beneficial ownership threshold that typically triggers a more detailed Schedule 13D filing for active investors.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Rivian Automotive, Inc.
- Baillie Gifford & Co holds sole voting power over 27,221,145 shares and sole dispositive power over all 49,603,446 shares, with no shared voting or dispositive power.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing a passive ownership stake, providing factual information without expressing positive or negative sentiment about the company's performance or outlook.
Future Outlook
This document does not contain any forward-looking statements or guidance from Rivian Automotive, Inc. or Baillie Gifford & Co regarding Rivian's future performance.
Industry Context
This filing is a routine disclosure of an investment firm's passive stake in a publicly traded company. It does not provide broader industry context or trends beyond the specific ownership details.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's passive stake, confirming their position is below the 5% threshold for active influence.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 02/07/2025 | Date of signature for the Schedule 13G filing. |
Keywords
Rivian Automotive Inc., Baillie Gifford & Co, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, RIVN
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