SCHEDULE: CPPIB Boosts Waystar Holding Stake to 14.3%
Beneficial Ownership Statement
Canada Pension Plan Investment Board and its subsidiary report beneficial ownership of 14.3% of Waystar Holding Corp.'s common stock.
Summary
- Canada Pension Plan Investment Board (CPPIB) and its wholly-owned subsidiary, CPP Investment Board Private Holdings (4) Inc., have filed an Amendment No. 2 to their Schedule 13G.
- They collectively beneficially own 24,964,225 shares of Waystar Holding Corp. common stock.
- This represents 14.3% of Waystar Holding Corp.'s total outstanding common stock.
- The percentage is calculated based on 174,238,972 shares outstanding as of July 21, 2025, as disclosed in Waystar's Form 10-Q filed on July 30, 2025.
- The shares are held directly by CPP Investment Board Private Holdings (4) Inc.
Sentiment
Score: 7
Explanation: The filing indicates a significant and continued investment by a major institutional fund, Canada Pension Plan Investment Board, in Waystar Holding Corp. While this is an ownership disclosure rather than a performance report, the substantial stake held by a sophisticated investor can be interpreted as a positive signal of long-term confidence.
Positives
- A major institutional investor, Canada Pension Plan Investment Board (CPPIB), maintains a significant 14.3% stake in Waystar Holding Corp., indicating continued confidence in the company.
- The substantial holding of 24,964,225 shares by CPPIB suggests a long-term investment perspective from a reputable pension fund.
Future Outlook
NA (This filing is an ownership disclosure and does not contain forward-looking statements or guidance from the issuer.)
Industry Context
This Schedule 13G filing primarily concerns a change in beneficial ownership by a major institutional investor and does not provide specific industry context or trends.
Stakeholder Impact
- Shareholders: Provides transparency on a significant institutional holder's stake, potentially reinforcing confidence in the company.
- Investors: Offers insight into the investment decisions of a large, reputable pension fund.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date of previous Schedule 13G/A filing by the reporting persons in respect of the issuer. |
| 06/30/2025 | Date of event which requires filing of this statement. |
| 07/21/2025 | Date as of which 174,238,972 shares of common stock were outstanding, as disclosed in Waystar's Form 10-Q. |
| 07/30/2025 | Date Waystar Holding Corp. filed its Form 10-Q with the Securities and Exchange Commission. |
| 08/13/2025 | Date of signing of this Schedule 13G Amendment No. 2. |
Keywords
Waystar Holding Corp, Canada Pension Plan Investment Board, CPPIB, Common Stock, Institutional Ownership, Schedule 13G, Beneficial Ownership
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