What voting power means
The Schedule 13G cover page reports sole voting power and shared voting power. These figures describe the securities over which the reporting person has or shares the power to vote or direct the vote.
Shared voting power does not automatically mean two reporting persons own separate blocks that should be added together. Multiple reporting persons can be describing overlapping authority over the same securities.
What dispositive power means
Sole and shared dispositive power describe the ability to dispose of securities or direct their disposition. In practical terms, this is about investment authority rather than shareholder voting.
The voting and dispositive figures can be equal, but they do not have to be. An investment adviser, parent company, fund, or other reporting person may have a different relationship to voting and investment decisions.
Why the numbers should not be blindly added
A multi-person Schedule 13G can repeat the same underlying position across several reporting persons because more than one person may be deemed to have beneficial ownership or shared power over it.
That is why stockno.de keeps source reporting persons and filing context visible rather than assuming every line on a filing represents an independent block of shares.
What to compare over time
- Aggregate beneficial ownership for the same reporting holder or supported reporting group.
- Sole and shared voting power when the filing structure changes.
- Sole and shared dispositive power when an adviser, parent, or related reporting person changes.
- The ownership percentage and the reported share count together.
- The current amendment against the same holder’s prior filing.