SCHEDULE: Canada Pension Plan Board Maintains 9.9% Stake in Waystar
Beneficial Ownership Report
Canada Pension Plan Investment Board and its subsidiary reported a continued 9.9% beneficial ownership in Waystar Holding Corp. common stock.
Summary
- Canada Pension Plan Investment Board (CPPIB) and its wholly-owned subsidiary, CPP Investment Board Private Holdings (4) Inc., reported beneficial ownership of 19,025,452 shares of Waystar Holding Corp. common stock.
- This represents 9.9% of Waystar Holding Corp.'s common stock outstanding.
- The percentage is calculated based on 191,316,583 shares of common stock outstanding as of October 20, 2025, as disclosed in Waystar's Form 10-Q filed with the SEC on October 29, 2025.
- The filing is an Amendment No. 3 to a Schedule 13G, indicating an update to a previously reported beneficial ownership.
- The event requiring this filing occurred on September 30, 2025.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership, indicating a neutral sentiment. It confirms an existing significant stake but does not provide new performance or strategic information.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
This filing indicates continued significant institutional investment in Waystar Holding Corp., a company operating in the healthcare technology sector. Large institutional stakes like this can signal long-term confidence in the company's market position and growth prospects within its industry.
Comparison to Industry Standards
- NA
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- The filing confirms a significant institutional investor maintains a substantial stake, which may be viewed positively by other shareholders as a sign of long-term commitment and confidence in Waystar Holding Corp.'s value.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of event requiring the filing of this statement. |
| 10/20/2025 | Date as of which the total outstanding shares of Waystar Holding Corp. common stock were calculated (191,316,583 shares). |
| 10/29/2025 | Date Waystar Holding Corp. filed its Form 10-Q, disclosing the outstanding share count. |
| 11/13/2025 | Date the Schedule 13G/A Amendment No. 3 was signed by the reporting persons. |
Keywords
Waystar Holding Corp., Canada Pension Plan Investment Board, CPP Investment Board Private Holdings, Beneficial Ownership, Common Stock, SEC Filing, Schedule 13G, Institutional Investor, Healthcare Technology
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