Summary by Futu AI
Orbis Investment Management Limited (OIML) and its U.S. counterpart, Orbis Investment Management (U.S.), L.P. (OIMUS), have filed an amended Schedule 13G with the United States Securities and Exchange Commission on November 14, 2024, indicating a 5% ownership in Sunrun Inc. The filing, which reflects the state of affairs as of September 30, 2024, shows that OIML and OIMUS collectively hold over 11 million shares of Sunrun's common stock. OIML, a Bermuda-based company, and OIMUS, organized under the laws of Delaware, have reported sole voting and dispositive power over these shares. The filing asserts that the shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of Sunrun Inc. Both entities have disclaimed beneficial ownership of the shares held by the other and have certified compliance with their respective regulatory schemes.