SCHEDULE: Ameriprise Financial Discloses 6.8% Stake in Culp, Inc.

Ameriprise Financial, Inc. and its subsidiary Columbia Management Investment Advisers, LLC, reported a 6.8% beneficial ownership stake in Culp, Inc. common stock as of September 30, 2025.

Summary

• Ameriprise Financial, Inc. and its subsidiary, Columbia Management Investment Advisers, LLC, filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Culp, Inc.
• As of September 30, 2025, Ameriprise Financial, Inc. beneficially owns 859,145 shares of Culp, Inc. common stock, representing 6.8% of the class.
• Columbia Management Investment Advisers, LLC beneficially owns 859,122 shares, also representing 6.8% of the class.
• Ameriprise Financial, Inc. is the parent holding company of Columbia Management Investment Advisers, LLC, and its reported ownership includes the shares held by CMIA.
• Both reporting persons disclaim beneficial ownership of any shares reported on this Schedule.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Culp, Inc.

Sentiment

Score: 6

Explanation: The filing is a standard disclosure of beneficial ownership by institutional investors, indicating a significant, passive stake in Culp, Inc. It does not contain performance data or strategic updates from the issuer, thus maintaining a neutral to slightly positive sentiment due to institutional interest.

Positives

• Significant institutional ownership by Ameriprise Financial and its subsidiary, Columbia Management Investment Advisers, LLC, indicates confidence from major financial institutions.
• The filing explicitly states that the shares were acquired and are held in the ordinary course of business, not for the purpose of influencing control, suggesting a passive investment strategy.

Negatives

• NA

Risks

• The filing does not detail specific risks related to Culp, Inc.'s operations or financial health. It only certifies that the reporting persons are not seeking to influence control, which is a standard disclaimer for passive investors.

Future Outlook

NA

Management Comments

• 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

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by major institutional investors like Ameriprise Financial and Columbia Management Investment Advisers may be viewed positively, potentially signaling confidence in Culp, Inc.'s long-term prospects.
• Management: The certification that the stake is passive and not for influencing control suggests that current management can continue their strategic direction without immediate pressure from these specific shareholders.

Key Dates

Recommendation

This Schedule 13G filing primarily serves as a disclosure of a significant passive ownership stake by institutional investors. While the presence of major institutional holders can be a positive signal, the filing itself does not provide new financial performance data, strategic updates, or operational insights that would warrant a 'buy' or 'sell' recommendation. It simply confirms a substantial, non-activist investment. Therefore, a 'hold' recommendation is appropriate, pending further analysis of Culp, Inc.'s financial results and business outlook.

Keywords

Culp Inc, Ameriprise Financial, Columbia Management Investment Advisers, LLC, Common Stock, Schedule 13G, Beneficial Ownership, Institutional Investor, SEC Filing, Investment, Equity Stake