SCHEDULE 13G: Global X Management Discloses 5.2% Stake in Tutor Perini Corp
Beneficial Ownership Report
Global X Management Company LLC has filed a Schedule 13G, reporting a 5.2% beneficial ownership stake in construction firm Tutor Perini Corp as of December 31, 2024.
Summary
- Global X Management Company LLC (GXMC), a Delaware-based investment adviser, has filed a Schedule 13G with the SEC.
- The filing indicates that GXMC beneficially owns 2,726,606 shares of Common Stock, $1.00 par value per share, in Tutor Perini Corp.
- This ownership represents 5.2% of the outstanding class of securities of Tutor Perini Corp.
- GXMC holds sole voting power and sole dispositive power over all 2,726,606 shares.
- The event requiring this filing occurred on December 31, 2024, and the statement was signed on February 14, 2025.
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 company's performance or outlook.
Future Outlook
NA
Industry Context
This filing indicates a significant institutional investment by Global X Management in Tutor Perini Corp, a major player in the construction industry. Such an investment by an investment adviser typically reflects a strategic position within their managed portfolios.
Stakeholder Impact
- Shareholders: The disclosure of a new significant institutional investor (Global X Management) holding a 5.2% stake may be viewed positively, potentially signaling confidence in the company's value or future prospects.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which required the filing of this statement, indicating when Global X Management's beneficial ownership crossed the reporting threshold. |
| 02/14/2025 | Date the Schedule 13G statement was signed by Ryan O'Connor, Chief Executive Officer of Global X Management CO LLC. |
Keywords
Tutor Perini Corp, Global X Management Company LLC, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Construction Industry
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