SCHEDULE 13G: State Street Corporation Discloses 5% Passive Stake in Corteva Inc.
Beneficial Ownership Disclosure
State Street Corporation has filed a Schedule 13G, reporting a 5% beneficial ownership stake in Corteva Inc.'s common stock as of March 31, 2025.
Summary
- State Street Corporation, a Massachusetts-based parent holding company, has filed a Schedule 13G with the SEC.
- The filing indicates that State Street Corporation beneficially owns 34,163,393 shares of Corteva Inc.'s common stock.
- This ownership represents 5% of Corteva Inc.'s outstanding common stock.
- State Street Corporation holds shared voting power over 21,938,221 shares and shared dispositive power over 34,159,202 shares.
- 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 Corteva Inc.
- The filing was made by State Street Corporation on behalf of various investment adviser subsidiaries, including SSGA Funds Management, Inc. and State Street Global Advisors entities across multiple regions.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.
Future Outlook
NA
Industry Context
This filing reflects a routine disclosure by a major institutional investor, State Street Corporation, regarding its passive ownership stake in Corteva Inc., a prominent company in the agriculture sector. Such disclosures are common and indicate ongoing institutional investment activity within the market.
Stakeholder Impact
- Shareholders: The disclosure of a 5% stake by a major institutional investor like State Street Corporation may be viewed positively, indicating institutional confidence or interest in Corteva Inc.'s stock. It also highlights the significant portion of shares held by large passive funds.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires the filing of this statement, indicating the beneficial ownership position. |
| 05/09/2025 | Date the Schedule 13G statement was signed by State Street Corporation. |
Keywords
Corteva Inc., State Street Corporation, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, Agricultural Chemicals, Seeds
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