ETOR.NASDAQEtoro Group LTD

SCHEDULE: Andalusian Funds Divest Entire eToro Stake

Sentiment:

Beneficial Ownership Amendment


Andalusian Private Capital and affiliated entities report 0% beneficial ownership of eToro Group Ltd. Class A common shares.

Worse than expectedThe reporting entities, previously holding a reportable stake, now report 0% beneficial ownership, suggesting a complete divestment of their position in eToro Group Ltd. Class A common shares. This is generally viewed as a negative development for the company's stock.

Summary

  • Andalusian Private Capital, LP, Andalusian SPV III, LP, and Turkoman Partners, LP (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G.
  • The Reporting Persons now beneficially own 0.00 Class A common shares of eToro Group Ltd., representing 0% of the class.
  • This filing indicates a complete divestment of their previously reportable stake in eToro Group Ltd. or a reduction below the 5% reporting threshold.
  • Andalusian Private Capital, LP is classified as an Investment Adviser (IA), while Andalusian SPV III, LP and Turkoman Partners, LP are Private Partnerships (PN).

Sentiment

Score: 3

Explanation: The complete divestment of shares by the reporting entities, moving from a reportable stake to 0% beneficial ownership, typically signals a lack of confidence or a strategic exit, which can be viewed negatively by the market.

Negatives

  • The complete divestment of Class A common shares by Andalusian Private Capital and its affiliated entities, moving from a reportable stake to 0% beneficial ownership, could be interpreted as a negative signal regarding their confidence in eToro Group Ltd.'s future prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance from eToro Group Ltd. or the Reporting Persons regarding the issuer's future performance.

Industry Context

This filing reflects a change in institutional ownership for eToro Group Ltd., a company operating in the financial technology and online brokerage sector. Changes in significant institutional holdings can influence market perception within the competitive fintech landscape.

Stakeholder Impact

  • Shareholders: The divestment by a significant institutional investor could lead to negative market sentiment and potential downward pressure on the share price.
  • Investment Professionals: Analysts and investors will note the change in institutional ownership as part of their due diligence on eToro Group Ltd.

Key Dates

DateDescription
12/31/2025Date of event which required the filing of this statement (change in beneficial ownership).
01/08/2026Date of signature for the Schedule 13G/A filing by Jeffrey Kaplan, Founder of the Reporting Persons.

Keywords

eToro Group Ltd., Andalusian Private Capital, Schedule 13G, beneficial ownership, divestment, Class A common shares, institutional ownership

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