What is a 13G filing?
A Schedule 13G is the shorter filing for investors that own more than 5% of a company's voting stock but don't intend to influence or control it: passive investors, and institutions such as banks, brokers and investment advisers that bought in the normal course of business.
Deadlines
They depend on the filer:
- Institutions (banks, brokers, registered investment advisers and the like) file within 45 days after the end of the quarter in which they crossed 5%.
- Other passive investors file within 5 business days of crossing 5%.
Changes are reported in an amendment (13G/A) within 45 days after the end of the quarter they happened in, with faster deadlines once a holder passes 10%.
13G or 13D
A 13G filer that decides to try to influence the company has to switch to a 13D, and wait briefly before voting or buying more.
Related pages: Hedge Fund Tracker