SCHEDULE: First Trust Entities Report Zero Blue Foundry Bancorp Stake

First Trust Capital Management L.P. and affiliated entities have filed an amended Schedule 13G, reporting zero shares beneficially owned in Blue Foundry Bancorp as of June 30, 2026.

Summary

• This filing is an amendment to a Schedule 13G, indicating a change in beneficial ownership reporting for Blue Foundry Bancorp.
• The reporting persons are First Trust Capital Management L.P. (FTCM), First Trust Capital Solutions L.P. (FTCS), and FTCS Sub GP LLC (Sub GP).
• FTCM acts as an investment adviser to various client accounts, including specific funds and a limited liability company.
• FTCS and Sub GP are identified as control persons of FTCM.
• As of June 30, 2026, the reporting persons collectively owned 0 shares of Blue Foundry Bancorp's common stock.
• This represents 0% of the class of securities.
• The reporting persons have no sole or shared power to vote or dispose of any shares.
• A joint filing statement confirms the agreement to file this statement jointly.

Sentiment

Score: 1

Explanation: StockSavvy.ai views this filing as having a neutral to slightly negative sentiment due to the complete absence of beneficial ownership, indicating no investment interest at this time.

Positives

• The filing provides clear and transparent disclosure regarding the reporting persons' ownership status.
• The reporting persons are registered investment advisers, suggesting adherence to regulatory requirements.

Negatives

• The reporting persons collectively own zero shares, indicating no current investment or interest in Blue Foundry Bancorp.
• This lack of ownership suggests a lack of confidence or strategic interest from these entities.

Risks

• The absence of any beneficial ownership by significant investment entities like First Trust could signal a lack of institutional interest, potentially impacting investor sentiment.
• While not a direct risk from the filing itself, the zero ownership might be interpreted by the market as a negative signal regarding the company's prospects.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding future ownership or investment strategy.

Management Comments

• "As investment adviser to the Client Accounts, FTCM has the authority to invest the funds of the Client Accounts in securities (including Common Stock of Blue Foundry Bancorp (the "Issuer")) as well as the authority to purchase, vote and dispose of securities, and may thus be deemed the beneficial owner of any shares of the Issuer's Common Stock held in the Client Accounts."
• "FTCS and Sub GP may be deemed to control FTCM and therefore may be deemed to be beneficial owners of the Common Stock reported in this Schedule 13G/A."
• "No one individual controls FTCS or Sub GP."
• "FTCS and Sub GP do not own any Common Stock of the Issuer for their own accounts."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Schedule 13G filings are typically made by institutional investors or entities that acquire beneficial ownership of more than 5% of a company's voting stock. The filing of an amended Schedule 13G with zero ownership by entities that are typically significant investors suggests a lack of current interest or a divestment from Blue Foundry Bancorp.

Comparison to Industry Standards

• Typically, Schedule 13G filings are made by entities holding 5% or more of a class of securities. This filing, reporting 0%, deviates significantly from the norm for active institutional investors.
• The absence of any reported shares by First Trust Capital Management L.P. and its affiliates contrasts with their usual role as active investment managers who often hold significant stakes in publicly traded companies.

Stakeholder Impact

• Shareholders: The lack of investment from significant entities like First Trust may be perceived negatively by existing shareholders, potentially impacting stock price due to perceived lack of institutional confidence.
• Potential Investors: The absence of reported holdings by these entities might deter new institutional investors who often follow the lead of established asset managers.

Next Steps

• The reporting persons will continue to monitor their holdings and may file further amendments if their beneficial ownership changes.

Key Dates

Keywords

Schedule 13G, Blue Foundry Bancorp, First Trust Capital Management, Beneficial Ownership, Investment Adviser, Securities Ownership, SEC Filing, Amendment