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According to a company update lodged on 1 July 2026, State Street Global Advisors and its affiliated entities have ceased to be substantial holders in Guzman y Gomez Limited (ASX:GYG). This change took effect on 29 June 2026 after a series of adjustments to the group’s relevant interests in GYG ordinary shares. For investors monitoring institutional ownership in the rapidly expanding Mexican-inspired quick-service restaurant chain, this development marks the reduction of one of the company’s significant institutional stakes below the 5% substantial holding threshold.<\/p> <\/div>
Key Points<\/h3>
- Company: Guzman y Gomez Limited (ASX:GYG)<\/li>
- State Street Global Advisors and related entities ceased to be substantial holders in GYG on 29 June 2026<\/li>
- This cessation followed multiple changes in relevant interests across several State Street subsidiaries on 29 June 2026, including stock lending and Collateral<\/a> transactions<\/li>
- The previous substantial holding notice was submitted to the company on 30 June 2026, dated 26 June 2026<\/li>
- Investors should observe whether other institutional holders adjust their positions in response to this change in GYG’s register<\/li>
<\/ul>
<\/div>
State Street Global Advisors Ends Substantial Holding in Guzman y Gomez on 29 June 2026<\/h2>
State Street Corporation and its subsidiaries filed a Form 605 — Notice of Ceasing to Be a Substantial Holder — concerning their collective stake in Guzman y Gomez Limited. Signed by authorised signatory Alok Maheshwary and dated 1 July 2026, the notice confirms the group’s relevant interest in GYG voting securities dropped below the 5% threshold mandated by the Corporations Act 2001.<\/p>
The cessation date is recorded as 29 June 2026. Notably, the previous substantial holding notice was provided to GYG on 30 June 2026 and dated 26 June 2026, indicating the position was only recently reported before falling below the reporting threshold. The quick succession from lodging a substantial holding notice to ceasing substantial holder status within days suggests these changes in relevant interests occurred during a concentrated period.<\/p>
State Street Subsidiaries Listed in the Guzman y Gomez Substantial Holding Notice<\/h2>
The Form 605 identifies multiple State Street Corporation subsidiaries whose relevant interests were impacted. These include State Street Bank and Trust Company<\/a>, State Street Global Advisors Europe Limited, SSGA Funds Management Inc., State Street Global Advisors Trust Company, State Street Global Advisors Limited, and State Street Global Advisors, Australia, Limited. All are subsidiaries of State Street Corporation, one of the world’s largest institutional asset managers and Custodian<\/a> banks.<\/p>
The mention of State Street Global Advisors, Australia, Limited is significant due to its Sydney location at Level 15, 420 George Street, Sydney NSW 2000. As a locally registered entity, it actively participates in Australian Equity<\/a> markets and frequently holds interests in ASX-listed securities on behalf of managed fund clients. The involvement of subsidiaries across Boston, London, Dublin, and Sydney highlights the global scale of State Street’s institutional Investment<\/a> operations.<\/p>
Impact of Stock Lending and Collateral Transactions on Relevant Interests<\/h2>
Annexure A of the Form 605 details the specific changes in relevant interests on 29 June 2026. These include stock lending activities described as "Lend - for stock lend" and collateral received transactions. The net result, attributed to State Street Bank and Trust Company, was a reduction of the group’s aggregate relevant interest in GYG ordinary shares below the 5% substantial holding threshold.<\/p>
The share movements in Annexure A show a positive adjustment of 450,000 ordinary shares, offset by decreases of 147,776, 3,893, 16,063, 278,845, 21,803, and 132,000 ordinary shares respectively, all dated 29 June 2026. These changes span collateral received and stock lending transactions. The consideration for each change is listed as "n\/a," consistent with securities lending arrangements where no traditional cash consideration is exchanged.<\/p>
Securities Lending Agreement Framework Behind the GYG Position Adjustments<\/h2>
Annexure B provides context on how State Street Bank and Trust Company acquires relevant interests through securities lending. Under the disclosed arrangement, State Street Bank and Trust Company obtains a security interest — described as a "title transfer" — over securities as collateral to secure a securities Loan<\/a>. This means the bank gains legal relevant interest in the shares not by outright purchase but as collateral holder within a lending agreement.<\/p>
The agreements referenced are a Global Master Securities Lending Agreement and a Securities Lending Authorisation Agreement, standard industry contracts governing securities lending programs. There is no scheduled return date for the collateral securities; instead, collateral is returned upon termination of the related securities loan. The borrower may return securities early at any time, provided they return the borrowed securities or substitute collateral.<\/p>
Voting Rights Limitations on Collateral Securities in Guzman y Gomez<\/h2>
Annexure B also reveals voting rights restrictions on securities held as collateral. Restrictions apply if the borrower defaults and ownership is enforced, and a second restriction is noted though details are partially truncated. This aligns with typical title-transfer collateral arrangements where the collateral holder (State Street Bank and Trust Company) generally does not exercise voting rights during the loan period.<\/p>
This information is pertinent for GYG investors assessing State Street’s influence on corporate governance. Although the entities held relevant interests triggering substantial holding disclosures, the voting rights attached to collateral securities were limited under normal circumstances. The lender cannot recall securities early provided the borrower returns the borrowed or equivalent securities.<\/p>
Significance of a Form 605 Filing for Guzman y Gomez’s Institutional Ownership<\/h2>
A Form 605 — Notice of Ceasing to Be a Substantial Holder — is a mandatory disclosure under Section 671B of the Corporations Act 2001. It is required when a person or group holding a substantial interest (typically 5% or more) in a company’s voting shares reduces that interest below the threshold. The filing must be made within two Business<\/a> days of the change, providing market transparency on significant institutional ownership movements.<\/p>
For Guzman y Gomez, which listed on the ASX in June 2024 and has attracted strong institutional interest due to its growth in the Australian and international quick-service restaurant sector, changes in substantial holdings are closely monitored. State Street’s exit from substantial holder status does not necessarily indicate share sales — as shown by the securities lending mechanics — but means the group is no longer obligated to report changes unless its relevant interest again exceeds 5%.<\/p>
Guzman y Gomez’s Profile as a Growth-Oriented ASX-Listed Restaurant Company<\/h2>
Guzman y Gomez Limited operates Mexican-inspired quick-service restaurants across Australia, the United States, Singapore, and Japan. Since its ASX listing in mid-2024, GYG has been regarded by analysts and investors as a prominent domestic consumer discretionary growth story, with its expansion plans and unit Economics<\/a> drawing considerable institutional interest. Its relatively recent listing means the Shareholder<\/a> register is still evolving as institutional investors establish, adjust, and exit positions.<\/p>
The participation of a major global asset manager like State Street, even through securities lending arrangements, reflects GYG’s inclusion in broad Market Index<\/a> and managed fund portfolios. Institutional custodians such as State Street typically hold shares in thousands of companies on behalf of managed fund clients, with relevant interests arising from direct fund ownership and securities lending collateral positions. The loss of substantial holder status here appears driven by lending mechanics rather than a full divestment by State Street’s asset management operations.<\/p>
Timing of the Filing Compared to the Previous Substantial Holding Notice<\/h2>
The brief interval between the previous substantial holding notice and the Form 605 cessation notice is notable. The prior notice was dated 26 June 2026 and delivered to the company on 30 June 2026. The cessation occurred on 29 June 2026 — one day before the previous notice was formally provided to GYG. This reflects the operational realities of securities lending programs, where positions can shift quickly due to lending and collateral activity, sometimes resulting in overlapping disclosure obligations within short timeframes.<\/p>
The Form 605 was lodged with the exchange on 1 July 2026, meeting the two-business-day disclosure requirement from the 29 June 2026 cessation date. The filing was signed by Alok Maheshwary as authorised signatory for the State Street entities. The exact aggregate number of GYG shares held immediately before cessation was not disclosed in the Form 605 body, though Annexure A’s transaction details offer partial insight into share movements on that date.<\/p>
Investor Considerations Following the Change in Guzman y Gomez’s Register<\/h2>
Investors monitoring GYG’s institutional ownership will now watch for further substantial holding notices, whether new entries crossing the 5% threshold or adjustments by existing holders. State Street’s exit from substantial holder status raises questions about whether underlying managed funds maintaining exposure through State Street’s custodial infrastructure have held, reduced, or exited their economic interests. Such information would only become public if thresholds are crossed again.<\/p>
The immediate impact on GYG’s share price was unclear from publicly available information. Market Participants<\/a> will also observe GYG’s forthcoming operational updates, store network announcements, and any financial guidance, as these fundamentals continue to drive institutional positioning. Future substantial holding notices will be key milestones for understanding the evolution of GYG’s institutional register.<\/p>
State Street Global Advisors Ends Substantial Holding in Guzman y Gomez on 29 June 2026<\/h2>
State Street Corporation and its subsidiaries filed a Form 605 — Notice of Ceasing to Be a Substantial Holder — concerning their collective stake in Guzman y Gomez Limited. Signed by authorised signatory Alok Maheshwary and dated 1 July 2026, the notice confirms the group’s relevant interest in GYG voting securities dropped below the 5% threshold mandated by the Corporations Act 2001.<\/p>
The cessation date is recorded as 29 June 2026. Notably, the previous substantial holding notice was provided to GYG on 30 June 2026 and dated 26 June 2026, indicating the position was only recently reported before falling below the reporting threshold. The quick succession from lodging a substantial holding notice to ceasing substantial holder status within days suggests these changes in relevant interests occurred during a concentrated period.<\/p>
State Street Subsidiaries Listed in the Guzman y Gomez Substantial Holding Notice<\/h2>
The Form 605 identifies multiple State Street Corporation subsidiaries whose relevant interests were impacted. These include State Street Bank and Trust Company<\/a>, State Street Global Advisors Europe Limited, SSGA Funds Management Inc., State Street Global Advisors Trust Company, State Street Global Advisors Limited, and State Street Global Advisors, Australia, Limited. All are subsidiaries of State Street Corporation, one of the world’s largest institutional asset managers and Custodian<\/a> banks.<\/p>
The mention of State Street Global Advisors, Australia, Limited is significant due to its Sydney location at Level 15, 420 George Street, Sydney NSW 2000. As a locally registered entity, it actively participates in Australian Equity<\/a> markets and frequently holds interests in ASX-listed securities on behalf of managed fund clients. The involvement of subsidiaries across Boston, London, Dublin, and Sydney highlights the global scale of State Street’s institutional Investment<\/a> operations.<\/p>
Annexure A of the Form 605 details the specific changes in relevant interests on 29 June 2026. These include stock lending activities described as "Lend - for stock lend" and collateral received transactions. The net result, attributed to State Street Bank and Trust Company, was a reduction of the group’s aggregate relevant interest in GYG ordinary shares below the 5% substantial holding threshold.<\/p>
The share movements in Annexure A show a positive adjustment of 450,000 ordinary shares, offset by decreases of 147,776, 3,893, 16,063, 278,845, 21,803, and 132,000 ordinary shares respectively, all dated 29 June 2026. These changes span collateral received and stock lending transactions. The consideration for each change is listed as "n\/a," consistent with securities lending arrangements where no traditional cash consideration is exchanged.<\/p>
Annexure B provides context on how State Street Bank and Trust Company acquires relevant interests through securities lending. Under the disclosed arrangement, State Street Bank and Trust Company obtains a security interest — described as a "title transfer" — over securities as collateral to secure a securities Loan<\/a>. This means the bank gains legal relevant interest in the shares not by outright purchase but as collateral holder within a lending agreement.<\/p>
The agreements referenced are a Global Master Securities Lending Agreement and a Securities Lending Authorisation Agreement, standard industry contracts governing securities lending programs. There is no scheduled return date for the collateral securities; instead, collateral is returned upon termination of the related securities loan. The borrower may return securities early at any time, provided they return the borrowed securities or substitute collateral.<\/p>
Annexure B also reveals voting rights restrictions on securities held as collateral. Restrictions apply if the borrower defaults and ownership is enforced, and a second restriction is noted though details are partially truncated. This aligns with typical title-transfer collateral arrangements where the collateral holder (State Street Bank and Trust Company) generally does not exercise voting rights during the loan period.<\/p>
This information is pertinent for GYG investors assessing State Street’s influence on corporate governance. Although the entities held relevant interests triggering substantial holding disclosures, the voting rights attached to collateral securities were limited under normal circumstances. The lender cannot recall securities early provided the borrower returns the borrowed or equivalent securities.<\/p>
A Form 605 — Notice of Ceasing to Be a Substantial Holder — is a mandatory disclosure under Section 671B of the Corporations Act 2001. It is required when a person or group holding a substantial interest (typically 5% or more) in a company’s voting shares reduces that interest below the threshold. The filing must be made within two Business<\/a> days of the change, providing market transparency on significant institutional ownership movements.<\/p>
For Guzman y Gomez, which listed on the ASX in June 2024 and has attracted strong institutional interest due to its growth in the Australian and international quick-service restaurant sector, changes in substantial holdings are closely monitored. State Street’s exit from substantial holder status does not necessarily indicate share sales — as shown by the securities lending mechanics — but means the group is no longer obligated to report changes unless its relevant interest again exceeds 5%.<\/p>
Guzman y Gomez Limited operates Mexican-inspired quick-service restaurants across Australia, the United States, Singapore, and Japan. Since its ASX listing in mid-2024, GYG has been regarded by analysts and investors as a prominent domestic consumer discretionary growth story, with its expansion plans and unit Economics<\/a> drawing considerable institutional interest. Its relatively recent listing means the Shareholder<\/a> register is still evolving as institutional investors establish, adjust, and exit positions.<\/p>
The participation of a major global asset manager like State Street, even through securities lending arrangements, reflects GYG’s inclusion in broad Market Index<\/a> and managed fund portfolios. Institutional custodians such as State Street typically hold shares in thousands of companies on behalf of managed fund clients, with relevant interests arising from direct fund ownership and securities lending collateral positions. The loss of substantial holder status here appears driven by lending mechanics rather than a full divestment by State Street’s asset management operations.<\/p>
The brief interval between the previous substantial holding notice and the Form 605 cessation notice is notable. The prior notice was dated 26 June 2026 and delivered to the company on 30 June 2026. The cessation occurred on 29 June 2026 — one day before the previous notice was formally provided to GYG. This reflects the operational realities of securities lending programs, where positions can shift quickly due to lending and collateral activity, sometimes resulting in overlapping disclosure obligations within short timeframes.<\/p>
The Form 605 was lodged with the exchange on 1 July 2026, meeting the two-business-day disclosure requirement from the 29 June 2026 cessation date. The filing was signed by Alok Maheshwary as authorised signatory for the State Street entities. The exact aggregate number of GYG shares held immediately before cessation was not disclosed in the Form 605 body, though Annexure A’s transaction details offer partial insight into share movements on that date.<\/p>
Investors monitoring GYG’s institutional ownership will now watch for further substantial holding notices, whether new entries crossing the 5% threshold or adjustments by existing holders. State Street’s exit from substantial holder status raises questions about whether underlying managed funds maintaining exposure through State Street’s custodial infrastructure have held, reduced, or exited their economic interests. Such information would only become public if thresholds are crossed again.<\/p>
The immediate impact on GYG’s share price was unclear from publicly available information. Market Participants<\/a> will also observe GYG’s forthcoming operational updates, store network announcements, and any financial guidance, as these fundamentals continue to drive institutional positioning. Future substantial holding notices will be key milestones for understanding the evolution of GYG’s institutional register.<\/p>
Impact of Stock Lending and Collateral Transactions on Relevant Interests<\/h2>
Securities Lending Agreement Framework Behind the GYG Position Adjustments<\/h2>
Voting Rights Limitations on Collateral Securities in Guzman y Gomez<\/h2>
Significance of a Form 605 Filing for Guzman y Gomez’s Institutional Ownership<\/h2>
Guzman y Gomez’s Profile as a Growth-Oriented ASX-Listed Restaurant Company<\/h2>
Timing of the Filing Compared to the Previous Substantial Holding Notice<\/h2>
Investor Considerations Following the Change in Guzman y Gomez’s Register<\/h2>
