SCHEDULE: Amundi Discloses 10.11% Stake in TotalEnergies SE

Amundi and Amundi Asset Management report beneficial ownership of 10.11% of TotalEnergies SE shares, with limited voting rights over employee-held stock.

Summary

• Amundi and Amundi Asset Management collectively beneficially own 229,437,424 shares of TotalEnergies SE, which represents 10.11% of the class of securities.
• The reporting persons have shared dispositive power over all 229,437,424 shares.
• Their shared voting power is limited to 52,883,104 shares.
• Amundi does not have voting rights on 171,632,203 shares, which are held through a Fonds Commun de Placement d'Entreprise (FCPE), an investment vehicle solely dedicated to TotalEnergies group employees' shareholding.
• The voting rights for the FCPE-held shares are exercised by the FCPE's supervisory board, where employee representatives hold the majority.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the company's performance or outlook. The specific details regarding voting rights for employee-held shares are a neutral, factual clarification.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by an asset manager in a major energy company. It reflects a significant, albeit partially non-voting, stake held by Amundi in TotalEnergies SE, a global multi-energy company.

Comparison to Industry Standards

• NA

Stakeholder Impact

• The significant portion of shares held through an employee-dedicated investment vehicle (FCPE) highlights TotalEnergies' employee shareholding program, which can foster employee alignment and engagement with the company's performance.

Key Dates

Keywords

TotalEnergies SE, Amundi, Amundi Asset Management, Beneficial Ownership, SEC Filing, Schedule 13G, Shareholding, Investment Management, Energy Sector