SCHEDULE 13G: Donald Smith & Co. Discloses 6.39% Passive Stake in Cool Co Ltd.
Beneficial Ownership Report
Donald Smith & Co., Inc., along with DSCO Value Fund, L.P. and Jon Hartsel, has reported a combined beneficial ownership of 6.39% of Cool Co Ltd.'s common stock as of March 31, 2025, indicating a passive investment.
Summary
- Donald Smith & Co., Inc., DSCO Value Fund, L.P., and Jon Hartsel have jointly filed a Schedule 13G with the SEC regarding their beneficial ownership in Cool Co Ltd.
- As of March 31, 2025, the reporting persons collectively beneficially own 3,432,111 shares of Cool Co Ltd. common stock.
- This aggregate ownership represents 6.39% of the total outstanding common stock of Cool Co Ltd.
- The filing indicates a passive investment, as the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- Donald Smith & Co., Inc. is identified as an investment adviser, DSCO Value Fund, L.P. as a private fund, and Jon Hartsel as an individual.
- Donald Smith & Co., Inc. holds sole voting power over 3,401,439 shares and sole dispositive power over 3,212,639 shares.
- DSCO Value Fund, L.P. holds sole voting power over 27,532 shares and sole dispositive power over 27,532 shares.
- Jon Hartsel holds sole voting power over 300 shares and sole dispositive power over 300 shares.
Sentiment
Score: 6
Explanation: The sentiment is moderately positive as a significant institutional investor has taken a passive stake, which can be interpreted as a vote of confidence. However, the document itself is purely factual and does not contain explicit positive or negative language regarding the issuer's performance.
Positives
- A significant institutional investor, Donald Smith & Co., Inc., has taken a substantial passive stake in Cool Co Ltd., which can be interpreted as a vote of confidence in the company's long-term prospects.
- The investment is stated to be for the ordinary course of business and not for the purpose of changing or influencing control, suggesting a stable, long-term holding by a passive investor.
Future Outlook
The Schedule 13G filing does not provide forward-looking statements or guidance regarding Cool Co Ltd.'s future performance or strategic direction, as it is a disclosure of beneficial ownership by an investor.
Industry Context
This filing indicates a significant passive investment by a notable investment firm in Cool Co Ltd. Such disclosures are common in the financial industry, providing transparency on major shareholder positions. It highlights an investor's confidence in the company or the sector it operates within.
Stakeholder Impact
- Shareholders: Provides transparency on a significant institutional holding, which could be viewed positively as a sign of investor confidence.
- Market: Informs the market of a new substantial shareholder, potentially influencing trading activity and perception of the company.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 04/30/2025 | Date of agreement and consent for joint filing of Schedule 13G. |
| 05/13/2025 | Signature date of the Schedule 13G filing. |
Keywords
Cool Co Ltd., Donald Smith & Co., DSCO Value Fund, Jon Hartsel, Schedule 13G, Beneficial Ownership, Passive Investment, Common Stock, Institutional Investor, SEC Filing
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