SCHEDULE: Driehaus Capital Reduces Blue Foundry Bancorp Stake to 1.87%

Driehaus Capital Management LLC has reported a reduced beneficial ownership of 1.87% in Blue Foundry Bancorp common stock.

Summary

• Driehaus Capital Management LLC, a Delaware-based investment adviser, filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Blue Foundry Bancorp.
• As of August 29, 2025, Driehaus Capital Management LLC beneficially owns 400,997 shares of Blue Foundry Bancorp's Common Stock.
• This ownership represents 1.87% of the class of securities, which is below the 5% threshold typically requiring initial Schedule 13G filings.
• Driehaus Capital Management LLC holds shared voting power and shared dispositive power over all 400,997 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to a significant institutional investor reducing its stake below the 5% threshold, which could imply a re-evaluation of the investment or a shift in portfolio strategy.

Negatives

• A significant institutional investor, Driehaus Capital Management LLC, has reduced its stake in Blue Foundry Bancorp to below 5%, which could be interpreted as a decrease in confidence or a portfolio rebalancing away from the company.

Future Outlook

The filing does not contain any forward-looking statements or guidance from Blue Foundry Bancorp or Driehaus Capital Management LLC regarding the issuer's future performance.

Management Comments

• Driehaus Capital Management LLC certified that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

This filing indicates a change in institutional investor sentiment or portfolio strategy regarding Blue Foundry Bancorp. Schedule 13G filings are standard disclosures for passive investors holding less than 20% of a company's stock, and amendments often signal adjustments to these positions.

Stakeholder Impact

• Shareholders may interpret the reduction in Driehaus Capital Management LLC's stake as a potential loss of confidence from a notable institutional investor, which could influence their own investment decisions.
• The company's management might face questions regarding the reasons for the institutional investor's reduced position.

Key Dates

Recommendation

The reduction in a significant institutional investor's stake to below 5% could signal a re-evaluation of the investment thesis or a shift in portfolio strategy. While not a complete divestment, it warrants caution. Investors should hold and monitor for further developments or other institutional activity, as this could indicate underlying concerns or simply a portfolio rebalancing.

Keywords

Blue Foundry Bancorp, Driehaus Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Financial Services, Banking