Ann: Change in substantial holding, page-2

  1. 13,537 Posts.
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    BNY Mellon (custodian) has reduced its reported holding from 108,098,480 to 104,907,560 shares.
    That’s ~3.19M shares less, so their voting power moves 38.91% → 37.76%.

    This isn’t a strategic sell by BNY Mellon — custodians don’t trade for themselves.
    The shares belong to funds, ETFs, and international investors, and the custodian must report any changes even if they’re small.

    Takeaway:
    ✔ Routine disclosure
    ✔ Likely passive/ETF activity
    ✔ No direct signal of sentiment
    ✔ Only matters if this becomes a pattern over time
 
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