Beneficial Ownership
Track 13D (activist) and 13G (passive) filings - positions >5%
Schedule 13D
Activist Investments
- • Filed within 10 days of acquiring >5%
- • Investor has intent to influence company
- • Often precedes activist campaigns
- • Watch for hedge fund accumulation
Schedule 13G
Passive Investments
- • Filed within 45 days of year-end
- • Investor is passive (no activist intent)
- • Common for index funds, ETFs
- • May convert to 13D if stance changes