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    SEC Form SC 13G filed by Advance Auto Parts Inc.

    11/17/23 4:05:11 PM ET
    $AAP
    Auto & Home Supply Stores
    Consumer Discretionary
    Get the next $AAP alert in real time by email
    SC 13G 1 tm2330855d1_sc13g.htm SC 13G

     

     

     

    SECURITIES AND EXCHANGE COMMISSION

     

    Washington, D.C. 20549

     

    SCHEDULE 13G

     

     

    Under the Securities Exchange Act of 1934

     

     

    Advance Auto Parts, Inc.

    (Name of Issuer)

     

     

    Common Stock, $0.0001 par value

    (Title of Class of Securities)

     

     

    00751Y106

    (CUSIP Number)

     

     

    November 7, 2023

    (Date of Event Which Requires Filing of this Statement)

     

    Check the following box to designate the rule pursuant to which the Schedule is filed:

     

    ¨ Rule 13d-1(b) 
    x Rule 13d-1(c) 
    ¨ Rule 13d-1(d) 

     

    *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

     

    The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     

     

     

    CUSIP No. 00751Y106

     

      1.

    Names of Reporting Persons

    D. E. Shaw & Co., L.P.

     

      2. Check the Appropriate Box if a Member of a Group (See Instructions)
        (a)  ¨
       

    (b) 

    ¨

     

      3.

    SEC Use Only

     

      4.

    Citizenship or Place of Organization

    Delaware

     

    Number of
    Shares
    Beneficially
    Owned by
    Each
    Reporting

    Person With

    5.

    Sole Voting Power

     

     

    -0-

          6.

    Shared Voting Power

    2,924,729

     

          7.

    Sole Dispositive Power

    -0-

     

          8.

    Shared Dispositive Power

    2,992,429

     

      9.

    Aggregate Amount Beneficially Owned by Each Reporting Person

    2,992,429

     

      10.

    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

     

      11.

    Percent of Class Represented by Amount in Row (9)

    5.0%

     

      12.

    Type of Reporting Person (See Instructions)

    IA, PN

     

     

     

     

    CUSIP No. 00751Y106

     

      1.

    Names of Reporting Persons

    David E. Shaw

     

      2. Check the Appropriate Box if a Member of a Group (See Instructions)
        (a)  ¨
       

    (b)

     

    ¨
      3.

    SEC Use Only

     

      4.

    Citizenship or Place of Organization

    United States

     

    Number of
    Shares
    Beneficially
    Owned by
    Each
    Reporting
    Person With

    5.

    Sole Voting Power

     

     

    -0-

          6.

    Shared Voting Power

    2,924,729

     

          7.

    Sole Dispositive Power

    -0-

     

          8.

    Shared Dispositive Power

    2,992,429

     

      9.

    Aggregate Amount Beneficially Owned by Each Reporting Person

    2,992,429

     

      10.

    Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨

     

      11.

    Percent of Class Represented by Amount in Row (9)

    5.0%

     

      12.

    Type of Reporting Person (See Instructions)

    IN

     

     

     

     

    Item 1.

      (a) Name of Issuer
          Advance Auto Parts, Inc.
         
        (b) Address of Issuer's Principal Executive Offices
          4200 Six Forks Road
      Raleigh, North Carolina 27609  
         
    Item 2.
      (a) Name of Person Filing
          D. E. Shaw & Co., L.P.
      David E. Shaw  
         
      (b) Address of Principal Business Office or, if none, Residence
          The business address for each reporting person is:
      1166 Avenue of the Americas, 9th Floor
      New York, NY 10036
         
        (c) Citizenship
          D. E. Shaw & Co., L.P. is a limited partnership organized under the laws of the state of Delaware.
      David E. Shaw is a citizen of the United States of America.
         
        (d) Title of Class of Securities
          Common Stock, $0.0001 par value
         
        (e) CUSIP Number
          00751Y106

     

    Item 3.   If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
       
    Not Applicable
     
    Item 4. Ownership

     

    As of November 7, 2023:

     

    (a) Amount beneficially owned:

     

      D. E. Shaw & Co., L.P.:      

    2,992,429 shares

    This is composed of (i) 1,346,754 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 89,600 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iii) 852,674 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., and (iv) 703,401 shares under the management of D. E. Shaw Investment Management, L.L.C.

         
      David E. Shaw

    2,992,429 shares

    This is composed of (i) 1,346,754 shares in the name of D. E. Shaw Valence Portfolios, L.L.C., (ii) 89,600 shares that D. E. Shaw Valence Portfolios, L.L.C. has the right to acquire through the exercise of call options, (iii) 852,674 shares in the name of D. E. Shaw Oculus Portfolios, L.L.C., and (iv) 703,401 shares under the management of D. E. Shaw Investment Management, L.L.C.

     

     

     

     

     

    (b)Percent of class:

      D. E. Shaw & Co., L.P.: 5.0%
      David E. Shaw: 5.0%

     

    (c)Number of shares to which the person has:

      (i) Sole power to vote or to direct the vote:
        D. E. Shaw & Co., L.P.: -0- shares
        David E. Shaw: -0- shares   

     

      (ii) Shared power to vote or to direct the vote:
        D. E. Shaw & Co., L.P.: 2,924,729 shares
        David E. Shaw: 2,924,729 shares

     

      (iii) Sole power to dispose or to direct the disposition of:
        D. E. Shaw & Co., L.P.: -0- shares   
        David E. Shaw: -0- shares   

     

      (iv) Shared power to dispose or to direct the disposition of:
        D. E. Shaw & Co., L.P.: 2,992,429 shares
        David E. Shaw: 2,992,429 shares

     

    David E. Shaw does not own any shares directly. By virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co., Inc., which is the general partner of D. E. Shaw & Co., L.P., which in turn is the investment adviser of D. E. Shaw Valence Portfolios, L.L.C. and D. E. Shaw Oculus Portfolios, L.L.C. and the managing member of D. E. Shaw Investment Management, L.L.C., and by virtue of David E. Shaw’s position as President and sole shareholder of D. E. Shaw & Co. II, Inc., which is the managing member of D. E. Shaw & Co., L.L.C., which in turn is the manager of D. E. Shaw Valence Portfolios, L.L.C. and D. E. Shaw Oculus Portfolios, L.L.C., David E. Shaw may be deemed to have the shared power to vote or direct the vote of 2,924,729 shares, and the shared power to dispose or direct the disposition of 2,992,429 shares, the 2,992,429 shares as described above constituting 5.0% of the outstanding shares and, therefore, David E. Shaw may be deemed to be the beneficial owner of such shares. David E. Shaw disclaims beneficial ownership of such 2,992,429 shares.

     

    Item 5. Ownership of Five Percent or Less of a Class
    Not Applicable  
     
    Item 6. Ownership of More than Five Percent on Behalf of Another Person.
    Not Applicable  
     
    Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
    Not Applicable  
     
    Item 8. Identification and Classification of Members of the Group
    Not Applicable  
     
    Item 9. Notice of Dissolution of Group
    Not Applicable  

     

    Item 10. Certification

    By signing below, each of D. E. Shaw & Co., L.P. and David E. Shaw certify that, to the best of such reporting person’s knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purposes or effect.

     

     

     

     

    SIGNATURE

     

    After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. A Power of Attorney, dated March 1, 2017, granted by David E. Shaw in favor of Nathan Thomas, is attached hereto.

     

    Dated: November 17, 2023

     

     

     

    D. E. Shaw & Co., L.P.

     

    By: /s/ Nathan Thomas

    Nathan Thomas

    Chief Compliance Officer

     

     

     

    David E. Shaw

     

    By: /s/ Nathan Thomas

    Nathan Thomas

    Attorney-in-Fact for David E. Shaw

     

     

     

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