State Street reduces stake in Graincorp

State Street Corporation and its subsidiaries, including State Street Bank and Trust Company and State Street Global Advisors entities, reported a change in their substantial holding in Graincorp Limited (ASX:GNC) on November 25, 2025. Their voting power in Graincorp Limited decreased from 7.60% (16,895,791 ordinary shares) as of October 20, 2025, to 6.48% (14,400,202 ordinary shares) as of the latest notification date.

The changes in relevant interests included numerous transactions between October 17, 2025, and November 25, 2025. These transactions primarily involved the lending and borrowing of shares for stock lending purposes, as well as collateral received and released in connection with securities lending agreements.

State Street Bank and Trust Company acts as both a lender and borrower in these arrangements, acquiring relevant interests as a lender under securities lending authorization agreements and as a borrower, often re-lending the securities. The firm also holds security interests through pledges over securities as collateral. Voting rights are held by the borrower in stock lending arrangements, while the lender retains the right to recall shares or enforce ownership under default conditions.