Investing

Select Equity Makes Large Cut to Maravai LifeSciences (MRVI) Position

Rapeepat Pornsipak / iStock via Getty Images

Select Equity Group, L.P. has filed a 13G/A form with the SEC disclosing ownership of 11,521,575 shares of Maravai LifeSciences Holdings, Inc. Class A (MRVI). This represents 8.8% of the company.

In their previous filing dated February 14, 2022 they reported 20,542,503 shares and 15.60% of the company, a decrease in shares of 43.91% and a decrease in total ownership of 6.80% (calculated as current – previous percent ownership).

What are other large shareholders doing?

Gtcr Llc holds 21,681,033 shares representing 16.48% ownership of the company. No change in the last quarter.

Select Equity Group, L.P. holds 19,114,926 shares representing 14.53% ownership of the company. In it’s prior filing, the firm reported owning 19,100,056 shares, representing an increase of 0.08%. The firm decreased its portfolio allocation in MRVI by 20.30% over the last quarter.

Massachusetts Financial Services Co /ma/ holds 14,150,891 shares representing 10.76% ownership of the company. In it’s prior filing, the firm reported owning 12,691,171 shares, representing an increase of 10.32%. The firm decreased its portfolio allocation in MRVI by 83.41% over the last quarter.

Vanguard Group Inc holds 10,433,033 shares representing 7.93% ownership of the company. In it’s prior filing, the firm reported owning 10,512,217 shares, representing a decrease of 0.76%. The firm decreased its portfolio allocation in MRVI by 4.99% over the last quarter.

BlackRock Inc. holds 5,810,340 shares representing 4.42% ownership of the company. In it’s prior filing, the firm reported owning 5,981,894 shares, representing a decrease of 2.95%. The firm decreased its portfolio allocation in MRVI by 92.53% over the last quarter.

What is the overall institutional sentiment?

There are 534 funds or institutions reporting positions in Maravai LifeSciences Holdings, Inc. Class A. This is a decrease of 21 owner(s) or 3.78%.

Average portfolio weight of all funds dedicated to Maravai LifeSciences Holdings, Inc. Class A is 0.2425%, an increase of 5.9556%. Total shares owned by institutions increased in the last three months by 0.08% to 152,110,468 shares.

This article originally appeared on Fintel

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.