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Investing.com -- CoreWeave (NASDAQ:CRWV) stock rose as much as 3% in after-hours trading on Wednesday after Jane Street Group filed a Schedule 13G form disclosing a 5.4% stake in the company.
Jane Street Group revealed beneficial ownership of 19,994,532 shares of CoreWeave Class A common stock, according to the regulatory filing. This disclosure makes Jane Street the fourth largest shareholder in CoreWeave.
The Schedule 13G filing indicates Jane Street is taking a passive investment position in the company, suggesting the firm does not intend to influence control of CoreWeave. Investors are required to file this shorter form when they acquire more than 5% of a company’s outstanding shares but plan to remain passive stakeholders.
By contrast, a Schedule 13D filing would be required if an investor intended to take an activist approach or influence company control.
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