SCHEDULE: Horizon Kinetics Maintains 21.3% Stake in Civeo Corp

Horizon Kinetics Asset Management LLC has filed an amendment to its Schedule 13G, disclosing a continued beneficial ownership of 21.3% in Civeo Corp's common shares as of December 31, 2025.

Summary

• Horizon Kinetics Asset Management LLC, an investment adviser, reported beneficial ownership of 2,449,487 common shares of Civeo Corp.
• This represents 21.3% of Civeo Corp's common shares outstanding.
• The reporting person holds sole voting power and sole dispositive power over all 2,449,487 shares.
• The filing is an Amendment No. 7 to Schedule 13G, indicating a routine update to a previously disclosed position.
• 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: 5

Explanation: The filing is a routine disclosure of beneficial ownership, indicating a stable, significant institutional stake. It contains no new operational or financial information to sway sentiment positively or negatively.

Positives

• Significant institutional ownership by Horizon Kinetics Asset Management LLC, an investment adviser, which can signal confidence in Civeo Corp.
• The investment is stated to be in the ordinary course of business, not for control purposes, suggesting a passive investment strategy.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Civeo Corp's future operations or financial performance, as it is solely an ownership disclosure.

Industry Context

This filing reflects a routine disclosure of a significant institutional stake in Civeo Corp, a company operating in the accommodations and services sector, often tied to resource industries. Such disclosures are common for publicly traded companies and indicate ongoing institutional investor interest.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a large, stable ownership position.
• Company Management: Awareness of a major shareholder's continued interest and passive investment stance.

Key Dates

Keywords

Civeo Corp, Horizon Kinetics Asset Management, Schedule 13G, Beneficial Ownership, Common Shares, Institutional Investor, SEC Filing, Investment Adviser