SCHEDULE 13G/A: Manulife Entities Update Passive Stake in Five Point Holdings, LLC to 4.91%

Manulife Financial Corporation and its subsidiary Manulife Investment Management (US) LLC have filed an amendment to their Schedule 13G, disclosing a 4.91% beneficial ownership of Five Point Holdings, LLC's Class A Common Stock as of March 31, 2025.

Summary

• Manulife Financial Corporation (MFC) and its indirect wholly-owned subsidiary, Manulife Investment Management (US) LLC (MIM (US)), have filed an Amendment No. 6 to Schedule 13G.
• The filing pertains to their beneficial ownership of Class A Common Stock of Five Point Holdings, LLC (Issuer CUSIP: 33833Q106).
• As of March 31, 2025, MIM (US) beneficially owned 3,438,624 shares of Class A Common Stock.
• This ownership represents 4.91% of the 69,858,638 Class A Common Stock shares outstanding as of April 17, 2025, as reported by the issuer in its Form 10-Q filed on April 25, 2025.
• MFC is deemed to have beneficial ownership of these same shares due to its parent-subsidiary relationship with MIM (US), although its direct beneficial ownership is reported as 0.00 shares.
• MIM (US) holds sole voting power and sole dispositive power over the 3,438,624 shares.

Sentiment

Score: 5

Explanation: Neutral. This is a standard regulatory compliance filing (Schedule 13G/A) disclosing passive ownership. It provides factual information without expressing positive or negative sentiment about the issuer's performance or future prospects.

Future Outlook

NA

Management Comments

• "Manulife Financial Corporation and Manulife Investment Management (US) LLC agree that the Schedule 13G (Amendment No.6) to which this Agreement is attached, relating to the Class A Common Stock of Five Point Holdings, LLC is filed on behalf of each of them."
• "By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to MIML is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D."

Industry Context

This filing is a routine regulatory disclosure by a large financial institution, Manulife, regarding its passive investment in a real estate development company, Five Point Holdings. It reflects a standard portfolio holding rather than a strategic industry move or a significant shift in market dynamics.

Stakeholder Impact

• This filing primarily impacts shareholders by providing transparency on a significant passive institutional holding. It does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Five Point Holdings, Manulife Financial Corporation, Manulife Investment Management, Schedule 13G, Beneficial Ownership, Class A Common Stock, Passive Investment, SEC Filing, Investment Management