SCHEDULE: Cooperman Holds 9.9% Stake in Pelagos Insurance Capital
Ownership Filing (Schedule 13G Amendment)
Leon G. Cooperman maintains a 9.9% beneficial ownership of Pelagos Insurance Capital Ltd. common shares as of June 30, 2026.
Summary
- Leon G. Cooperman, through various family accounts and investment vehicles, beneficially owns 8,511,411 shares of Pelagos Insurance Capital Ltd. common stock.
- This holding represents approximately 9.9% of the total outstanding common shares.
- The filing is an amendment (No. 4) to a Schedule 13G, indicating a passive investment approach.
- The reporting date for this ownership stake is June 30, 2026.
- The total number of outstanding shares as of March 31, 2026, was reported as 85,496,757.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, primarily indicating a significant but stable ownership stake without immediate strategic shifts.
Positives
- Leon G. Cooperman, a notable investor, holds a substantial 9.9% stake in Pelagos Insurance Capital Ltd.
- The filing confirms a significant, albeit passive, investment in the company.
Negatives
- No new information regarding strategic changes or significant new investments is presented, suggesting a status quo holding.
Risks
- As a passive investment, the stake could be subject to market fluctuations affecting its value.
- Changes in Mr. Cooperman's investment strategy could lead to significant selling pressure if he decides to divest.
Future Outlook
This filing is a Schedule 13G amendment, which is typically used for passive investors. It does not contain forward-looking statements or specific guidance from the company itself, but rather reports on the ownership status of Leon G. Cooperman.
Industry Context
StockSavvy.ai notes that a significant passive stake held by a well-known investor like Leon G. Cooperman in an insurance capital company can signal confidence in the sector or the specific company's long-term prospects, though it does not imply active management or control.
Stakeholder Impact
- Shareholders: The continued significant holding by a known investor may provide a degree of stability or confidence in the market.
- Management: The passive nature of the holding suggests no immediate pressure for changes in control or strategy from this stakeholder.
Next Steps
- Monitor future filings for any changes in Leon G. Cooperman's beneficial ownership.
- Observe Pelagos Insurance Capital Ltd.'s performance and strategic announcements for further investment insights.
Key Dates
| Date | Description |
|---|---|
| 08/10/2016 | Effective date of Power of Attorney for Edward Levy. |
| 08/12/2016 | Filing date of Power of Attorney for Edward Levy. |
| 03/31/2026 | Date as of which outstanding shares were reported in Issuer's Form 6-K. |
| 05/13/2026 | Date of Issuer's Form 6-K filing. |
| 06/30/2026 | Date of Event Which Requires Filing of this Statement (Reporting Date). |
| 08/11/2026 | Date of signature on the filing. |
Keywords
Pelagos Insurance Capital, Leon G. Cooperman, Schedule 13G, Beneficial Ownership, Investment Holding, Common Shares, Ownership Stake
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