SCHEDULE: Nuveen Asset Management Updates Rocket Companies Stake

Nuveen Asset Management, LLC, along with affiliates, reported a combined beneficial ownership of 3.44% in Rocket Companies, Inc. common stock.

Summary

• Nuveen Asset Management, LLC (NAM) filed an Amendment No. 4 to Schedule 13G regarding its beneficial ownership in Rocket Companies, Inc. common stock.
• The filing indicates a total aggregate beneficial ownership of 33,226,108 shares, representing 3.44% of the class.
• Nuveen Asset Management, LLC directly holds sole voting and dispositive power over 137,924 shares, which constitutes 0.01% of the class.
• TIAA-CREF Investment Management, LLC (TCIM), an affiliate, is deemed a beneficial owner of 25,104,963 shares held by the College Retirement Equities Fund (CREF).
• Teachers Advisors, LLC (TAL), another affiliate, is deemed a beneficial owner of 7,983,221 shares held by TIAA-CREF Funds, TIAA-CREF Life Funds, TIAA Separate Account VA-1, and/or separately managed accounts.
• The shares were acquired in the ordinary course of business and not with the purpose or effect of changing or influencing control of Rocket Companies, Inc.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing disclosing passive institutional ownership, with no positive or negative operational or financial news for the issuer.

Positives

• The filing confirms continued institutional investment in Rocket Companies, Inc. by Nuveen Asset Management and its affiliates.

Future Outlook

N/A. This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance for the issuer.

Industry Context

N/A. This filing is a routine disclosure of passive institutional ownership and does not provide industry-specific analysis or context.

Related Party Transactions

• Nuveen Asset Management, LLC (NAM) is affiliated with TIAA-CREF Investment Management, LLC (TCIM) and Teachers Advisors, LLC (TAL), which collectively report beneficial ownership in Rocket Companies, Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings, confirming a passive investment stance by Nuveen and its affiliates.

Key Dates

Keywords

Rocket Companies, RKT, Nuveen Asset Management, Schedule 13G, Institutional Ownership, Common Stock, Investment Adviser