SCHEDULE: Telemark Group Acquires 5.3% Stake in Andersen Group

Telemark Asset Management, LLC, Telemark Fund, LP, and Colin McNay have jointly reported beneficial ownership of 720,000 shares, representing 5.3% of Andersen Group Inc.'s Class A Common Stock.

Summary

• Telemark Asset Management, LLC (TAM), Telemark Fund, LP (TF), and Colin McNay (collectively, the Reporting Persons) have filed a Schedule 13G.
• This filing indicates their joint beneficial ownership of 720,000 shares of Andersen Group Inc.'s Class A Common Stock.
• This ownership stake represents 5.3% of the total outstanding Class A Common Stock.
• The percentage is based on 13,472,214 shares outstanding as of the Issuer's Form 10-Q filed on May 12, 2026.
• TAM acts as the investment adviser for TF, and Mr. McNay is the President and sole owner of TAM.
• The filing asserts that this ownership is not for the purpose of influencing or changing control of the issuer, except for potential nomination activities.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating a significant but not overwhelming stake acquisition by an investment manager and fund. The filing itself is procedural and doesn't contain operational or financial performance data, thus limiting a strong sentiment score.

Positives

• A significant investment firm has taken a notable stake in the company, which could signal confidence in its future prospects.
• The filing clearly outlines the beneficial ownership structure and the relationship between the reporting entities.

Negatives

• The filing is purely informational regarding ownership and does not provide any insights into the company's operational performance or financial health.
• The filing does not offer any strategic direction or commentary from the company itself.

Risks

• While the filing states the shares were not acquired to influence control, any significant shift in ownership can introduce uncertainty.
• The reporting persons' investment strategy and future intentions regarding this stake are not detailed, leaving potential for future changes in holdings.

Future Outlook

This filing is a disclosure of ownership and does not contain forward-looking statements or guidance from Andersen Group Inc.

Management Comments

• Each Reporting Person declares that neither the filing of this Statement nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or any other purpose, the beneficial owner of any securities covered by this Statement other than the securities actually owned by such person (if any).

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors acquiring significant stakes. This filing indicates a substantial passive investment by Telemark Asset Management and its associated fund in Andersen Group Inc., a typical move within the asset management industry.

Stakeholder Impact

• Shareholders: May view the increased institutional ownership positively, potentially leading to greater market interest or scrutiny of the company's performance.
• Management: May need to engage with the new significant shareholder regarding company strategy and performance.
• Creditors: No direct impact indicated by this filing.

Next Steps

• The Reporting Persons will continue to hold their shares in Andersen Group Inc.
• Future filings will be made if there are material changes in beneficial ownership.

Key Dates

Keywords

Schedule 13G, Beneficial Ownership, Investment Management, Common Stock, Shareholder, SEC Filing, Telemark Asset Management, Andersen Group