SCHEDULE: Kanen Wealth Management Group Reduces Stake in ONE Group Hospitality to 14.1%
Schedule 13D Amendment
An amendment to a Schedule 13D filing reveals that Kanen Wealth Management and its affiliated funds have reduced their collective beneficial ownership in ONE Group Hospitality, Inc. to 14.1% through recent open market sales.
Summary
- Kanen Wealth Management, LLC (KWM), Philotimo Fund, LP, Philotimo Focused Growth & Income Fund (PHLOX), and David L. Kanen collectively reported beneficial ownership of 4,348,419 shares of ONE Group Hospitality, Inc. common stock, representing approximately 14.1% of the outstanding shares.
- Philotimo Fund, LP beneficially owns 1,823,266 shares, equating to approximately 5.9% of the class.
- PHLOX beneficially owns 393,975 shares, equating to approximately 1.3% of the class.
- KWM beneficially owns 4,328,182 shares, representing approximately 14.0% of the class, which includes shares held by Philotimo, PHLOX, and Managed Accounts.
- David L. Kanen beneficially owns 4,348,419 shares, representing approximately 14.1% of the class, encompassing his direct holdings and those attributed through KWM's beneficial ownership.
- The aggregate purchase price for Philotimo's shares was approximately $3,344,278.
- The aggregate purchase price for PHLOX's shares was approximately $1,298,671.
- The aggregate purchase price for shares held in Managed Accounts by KWM was approximately $4,688,377.
- The aggregate purchase price for Mr. Kanen's directly owned shares was approximately $41,091.
- Shares were purchased using working capital and funds for customer accounts, which may include margin loans.
- Philotimo Fund, LP sold a total of 146,734 shares between July 7, 2025, and July 9, 2025, at prices ranging from $4.70 to $4.94 per share.
- Kanen Wealth Management, LLC, through its Managed Accounts, sold a total of 203,357 shares between June 27, 2025, and July 9, 2025, at prices ranging from $4.61 to $4.94 per share.
Sentiment
Score: 4
Explanation: The filing is a factual disclosure of beneficial ownership and recent share sales by a significant shareholder group. The sales indicate a reduction in their stake, which could be perceived as a slightly negative signal by the market, though the document itself is neutral in tone.
Negatives
- Philotimo Fund, LP engaged in sales of common stock totaling 146,734 shares between July 7, 2025, and July 9, 2025.
- Kanen Wealth Management, LLC, through its Managed Accounts, sold 203,357 shares between June 27, 2025, and July 9, 2025.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: Changes in significant beneficial ownership, particularly sales by a large investor group, can influence market perception and potentially the share price of ONE Group Hospitality, Inc.
Key Dates
| Date | Description |
|---|---|
| 04/30/2025 | Date as of which 30,902,798 shares outstanding were reported in the Issuer's Quarterly Report on Form 10-Q. |
| 05/07/2025 | Date of filing of the Issuer's Quarterly Report on Form 10-Q with the Securities and Exchange Commission. |
| 06/27/2025 | Date of sale of 24,431 shares by Kanen Wealth Management, LLC (Managed Accounts). |
| 07/07/2025 | Date of sale of 40,000 shares by Philotimo Fund, LP and 48,780 shares by Kanen Wealth Management, LLC (Managed Accounts). |
| 07/08/2025 | Date of sale of 34,638 shares by Philotimo Fund, LP and 42,242 shares by Kanen Wealth Management, LLC (Managed Accounts). |
| 07/09/2025 | Date of event which requires filing of this statement; Date of sale of 72,096 shares by Philotimo Fund, LP and 87,904 shares by Kanen Wealth Management, LLC (Managed Accounts). |
| 07/10/2025 | Close of business date for beneficial ownership calculation; Date of filing signature. |
Keywords
ONE Group Hospitality, Kanen Wealth Management, Philotimo Fund, Beneficial Ownership, Schedule 13D, Common Stock, SEC Filing, Shareholder Activity, Institutional Investor
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