SCHEDULE: Nuveen Asset Management Discloses 12.06% Stake in Rocket Companies

Nuveen Asset Management, LLC and its affiliates reported beneficial ownership of 12.06% of Rocket Companies, Inc. common stock as of September 30, 2025.

Summary

• Nuveen Asset Management, LLC (NAM) and its affiliates collectively beneficially own 30,831,478 shares of Rocket Companies, Inc. common stock.
• This represents 12.06% of the class of securities.
• NAM itself holds sole voting and dispositive power over 56,487 shares, representing 0.02% of the class.
• TIAA-CREF Investment Management, LLC (TCIM), an affiliate, is deemed a beneficial owner of 23,987,554 shares through its advisory role to College Retirement Equities Fund (CREF).
• Teachers Advisors, LLC (TAL), another affiliate, is deemed a beneficial owner of 6,787,437 shares through its advisory roles to TIAA-CREF Funds, TIAA-CREF Life Funds, TIAA Separate Account VA-1, and separately managed accounts.
• The shares were acquired in the ordinary course of business and not for the purpose of changing or influencing control of Rocket Companies, Inc.

Sentiment

Score: 6

Explanation: The filing is a standard beneficial ownership disclosure, indicating a significant, passive institutional stake in Rocket Companies, Inc. by Nuveen Asset Management and its affiliates. This generally signals institutional confidence without providing new operational or financial insights.

Positives

• Significant institutional investment from Nuveen Asset Management and its affiliates, indicating confidence in Rocket Companies, Inc.
• The acquisition of shares was stated to be in the ordinary course of business, not for control-influencing purposes, suggesting a passive investment strategy.

Negatives

• No specific negative information about Rocket Companies, Inc. is disclosed in this ownership filing.

Risks

• No specific risks related to Rocket Companies, Inc.'s operations or financial health are mentioned in this beneficial ownership filing.

Future Outlook

No forward-looking statements or guidance regarding Rocket Companies, Inc.'s future performance or operations are provided in this beneficial ownership filing.

Management Comments

• To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing indicates that a major institutional asset manager, Nuveen, through its various affiliated entities, maintains a substantial passive investment in Rocket Companies, Inc. Such disclosures are common for large investment firms managing diverse portfolios for their clients, reflecting their investment strategies within the financial services and mortgage industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can be viewed positively as a vote of confidence from a major asset manager.
• Management: Awareness of a large, passive institutional shareholder.

Next Steps

• No specific future actions, events, or milestones for Rocket Companies, Inc. are mentioned in this beneficial ownership filing.

Key Dates

Keywords

Rocket Companies, Nuveen Asset Management, TIAA-CREF, beneficial ownership, Schedule 13G, common stock, institutional investment, financial services, mortgage