SCHEDULE 13G/A: Empirical Wealth Management Discloses 7.03% Stake in Belpointe PREP, LLC

Empirical Financial Services, LLC d.b.a. Empirical Wealth Management has filed an amended Schedule 13G, reporting a 7.03% beneficial ownership stake in Belpointe PREP, LLC as of December 31, 2024.

Summary

• Empirical Financial Services, LLC d.b.a. Empirical Wealth Management reported beneficial ownership of 256,339.00 Class A Units of Belpointe PREP, LLC.
• This ownership represents 7.03% of the Class A Units outstanding.
• The reporting entity holds sole voting power over 252,876.00 shares and sole dispositive power over 256,339.00 shares.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating a change from a previous filing.
• Empirical Financial Services, LLC is classified as an investment adviser (IA) for the purpose of this filing.

Sentiment

Score: 5

Explanation: A routine regulatory filing disclosing beneficial ownership, not indicative of positive or negative sentiment regarding the issuer's performance or strategic direction.

Future Outlook

This document, a Schedule 13G, is a beneficial ownership report and does not contain forward-looking statements or guidance regarding the issuer's future outlook.

Industry Context

This filing is a routine disclosure of beneficial ownership by an investment adviser, reflecting an investment position in Belpointe PREP, LLC. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional ownership stake in the company.

Key Dates

Keywords

Belpointe PREP, Empirical Financial Services, Empirical Wealth Management, Schedule 13G, beneficial ownership, Class A Units, SEC filing, investment adviser