State Street Corporation filed a Schedule 13G with the SEC on November 9, 2026, disclosing beneficial ownership of 12,089,494 shares of SM Energy Co common stock, representing 5.1% of the class, as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: State Street Corporation reported beneficial ownership of 12,089,494 shares of SM Energy Co common stock.
  • Percent of class: The reported stake represents 5.1% of SM Energy Co's outstanding common stock (CUSIP 78454L100).
  • Shared voting power: State Street holds shared voting power over 11,783,331 shares, with sole voting power of 0.
  • Shared dispositive power: Shared dispositive power covers all 12,089,494 shares reported, with sole dispositive power of 0.
  • Filing entity type: State Street Corporation identified itself as a parent holding company (type "HC"), incorporated in Massachusetts, with its principal office at One Congress Street, Suite 1, Boston, MA 02114.
  • Key subsidiaries listed: The filing attributes the holdings to subsidiaries including SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, State Street Global Advisors Limited, State Street Global Advisors Singapore Limited, State Street Global Advisors Trust Company, and State Street Global Advisors, Ltd., each classified as an investment adviser (IA).

State Street's Reported Position in SM Energy as of September 30, 2026

According to the Schedule 13G filed November 9, 2026, State Street Corporation, a Massachusetts-incorporated parent holding company, reported aggregate beneficial ownership of 12,089,494 shares of SM Energy Co common stock. SM Energy Co, an oil and gas exploration and production company headquartered at 1775 Sherman Street, Suite 1200, Denver, Colorado 80203, had its shares reported under CUSIP number 78454L100. The event triggering the filing occurred on September 30, 2026, the date as of which the ownership threshold was measured.

The filing discloses that State Street holds no sole voting or sole dispositive power over any of the reported shares. Shared voting power is reported over 11,783,331 shares, while shared dispositive power extends to all 12,089,494 shares. These positions are held through several investment adviser subsidiaries operating across multiple jurisdictions, including entities in the United States, Europe, Singapore, and Canada, as identified under Item 7 of the filing. The signed certification, submitted by Alok Maheshwary, Senior Vice President, states that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

State Street Corporation filed the Schedule 13G under Rule 13d-1(b), applicable to certain institutional investors. The filing does not identify any other person known to have the right to receive dividends from, or proceeds from the sale of, more than 5% of the reported shares, designating Item 6 as not applicable.

What Was Disclosed

State Street Corporation disclosed a 5.1% beneficial ownership position in SM Energy Co common stock, totaling 12,089,494 shares as of September 30, 2026, held entirely through shared voting and dispositive power via multiple investment adviser subsidiaries. No sole voting or dispositive power was reported.