SCHEDULE 13G/A: Boundary Creek Advisors and Peter Greatrex Disclose 5.2% Stake in Mativ Holdings

Boundary Creek Advisors LP and Peter Greatrex have filed an amended Schedule 13G, disclosing a shared beneficial ownership of 5.2% in Mativ Holdings, Inc.'s common stock, including shares underlying call options.

Summary

• Boundary Creek Advisors LP and Peter Greatrex, collectively referred to as the "Reporting Persons," have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Mativ Holdings, Inc.
• As of March 31, 2025, the Reporting Persons beneficially own an aggregate of 2,820,289 shares of Mativ Holdings, Inc. Common Stock.
• This ownership represents 5.2% of the total outstanding Common Stock of Mativ Holdings, Inc.
• The reported shares include 875,000 shares of Common Stock underlying call options.
• The percentage is calculated based on 54,517,608 shares of Common Stock outstanding as of March 10, 2025, as reported by the Company.
• Boundary Creek Advisors LP is a Delaware limited partnership and acts as the investment adviser to Boundary Creek Master Fund LP.
• Peter Greatrex is the managing member of Boundary Creek Partners LLC, the general partner of Boundary Creek Advisors LP, and is a U.S. citizen.
• The Reporting Persons certify that 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 the issuer, except for activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of beneficial ownership, indicating a neutral sentiment. It does not contain positive or negative operational or financial news for the issuer, but rather a statement of a significant, passive investment.

Positives

• The filing indicates a significant institutional investment in Mativ Holdings, Inc. by Boundary Creek Advisors LP and Peter Greatrex, potentially signaling confidence in the company's long-term prospects.

Negatives

• The document itself does not contain negative information regarding Mativ Holdings, Inc.; it is a disclosure of beneficial ownership.

Risks

• The Reporting Persons explicitly state that their acquisition and holding of securities are not for the purpose of changing or influencing the control of the issuer, which mitigates the risk of an immediate activist campaign, though it does not preclude future engagement.

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

This filing is a standard disclosure of a significant ownership stake by an investment firm in a publicly traded company. It does not provide specific industry trends or competitive analysis but indicates an investment firm's interest in the industrial materials or specialty products sector, where Mativ Holdings operates.

Stakeholder Impact

• Shareholders: The disclosure of a 5.2% stake by an investment firm provides transparency regarding the company's ownership structure and may be viewed as a vote of confidence by a significant investor.

Key Dates

Recommendation

Keywords

Mativ Holdings Inc., Boundary Creek Advisors LP, Peter Greatrex, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, Call Options, SEC Filing, Passive Investment