State Street trims stake in Zip Co

State Street Corporation and its associated entities have reported a change in their substantial holding in Zip Co Limited, with their voting power decreasing from 6.76% to 5.50%. This change occurred on October 23, 2025. Previously, State Street held 87,012,648 ordinary shares, which has now fallen to 70,876,753 ordinary shares.

The adjustment in holding primarily involved collateral received and transfers, as detailed in the annexures. For example, on October 23, 2025, there was a significant collateral received transaction reducing the holding by 13,960,010 ordinary shares. Lending for stock also played a role, with 148,673 ordinary shares being lent for stock on the same date.

The various State Street entities, including State Street Bank and Trust Company, State Street Global Advisors Europe Limited, and SSGA Funds Management, Inc., maintain different types of relevant interests. These include powers to control voting rights and dispose of securities as investment manager or trustee, as well as interests related to securities lending agreements, both as lender and collateral holder.