SCHEDULE 13G/A: Hotchkis and Wiley Capital Management Discloses 9.4% Stake in Olin Corp.

Hotchkis and Wiley Capital Management, LLC has filed an amended Schedule 13G, revealing a 9.4% beneficial ownership stake in Olin Corp.'s common stock as of December 31, 2024.

Summary

• Hotchkis and Wiley Capital Management, LLC (HWCM), an investment adviser based in Los Angeles, CA, has filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in Olin Corp.
• As of December 31, 2024, HWCM beneficially owns an aggregate of 10,931,368 shares of Olin Corp. Common Stock, representing 9.4% of the class.
• HWCM holds sole voting power over 10,335,868 shares and sole dispositive power over 10,931,368 shares.
• The filing clarifies that the securities are owned of record by HWCM's clients, who retain the right to receive dividends or proceeds from the sale of such securities.
• No single client of HWCM is known to have beneficial ownership of more than five percent of Olin Corp.'s common stock.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing (Schedule 13G) disclosing beneficial ownership. It contains no subjective language, financial performance data, or strategic updates that would indicate a positive or negative sentiment.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Olin Corp.'s future performance or Hotchkis and Wiley Capital Management's future investment intentions beyond the scope of this regulatory filing.

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 regulatory disclosure of a significant passive investment by an institutional investor in a publicly traded company. It does not provide specific insights into broader industry trends or Olin Corp.'s competitive position, but rather reflects an investment decision by Hotchkis and Wiley Capital Management within the chemicals and ammunition industry where Olin Corp. operates.

Comparison to Industry Standards

• This document is a standard Schedule 13G filing, which is a common regulatory requirement for institutional investors acquiring more than 5% of a company's stock with a passive investment intent. It does not contain information for direct comparison to industry-specific financial or operational benchmarks.
• The disclosed 9.4% stake by Hotchkis and Wiley Capital Management in Olin Corp. is a substantial passive investment, aligning with typical institutional investor strategies to hold significant, non-controlling positions in public companies.

Stakeholder Impact

• Shareholders: The disclosure of a significant 9.4% stake by a major investment firm like Hotchkis and Wiley Capital Management can signal institutional confidence in Olin Corp., potentially influencing investor perception and trading activity.
• Management: While the filing states a passive investment intent, management of Olin Corp. will be aware of a large institutional holder and may consider their interests in strategic decisions.

Next Steps

• NA

Key Dates

Keywords

Olin Corp, Hotchkis and Wiley Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing, Equity Stake