SCHEDULE 13G/A: Investment Firms Disclose Significant Passive Stakes in OneStream, Inc.

Kayne Anderson Rudnick Investment Management, LLC, along with affiliates Virtus Investment Advisers, LLC and Virtus Equity Trust, have disclosed beneficial ownership exceeding 5% in OneStream, Inc.'s common stock.

Summary

• Kayne Anderson Rudnick Investment Management, LLC reported beneficial ownership of 6,195,180 shares of OneStream, Inc. common stock, representing 8.47% of the class.
• This ownership includes shares for which Kayne Anderson Rudnick holds 1,582,781 shares with sole voting power and 1,691,247 shares with sole dispositive power.
• Kayne Anderson Rudnick also holds shared voting and dispositive power over 4,503,933 shares.
• Virtus Investment Advisers, LLC reported beneficial ownership of 4,502,338 shares, equating to 6.16% of the class, all held with shared voting and dispositive power.
• Virtus Equity Trust on behalf of Virtus KAR Small Cap Growth Fund reported beneficial ownership of 4,375,473 shares, representing 5.98% of the class, all held with shared voting and dispositive power.
• The amounts reported by Virtus Investment Advisers, LLC are included within the amounts reported by Kayne Anderson Rudnick Investment Management, LLC.
• The amounts reported by Virtus Equity Trust are included within the amounts reported by Virtus Investment Advisers, LLC.
• The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose or effect of changing or influencing the control of OneStream, Inc.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it indicates significant institutional interest and investment in OneStream, Inc. without any stated intent to influence control, suggesting a vote of confidence in the company's existing strategy.

Positives

• Increased institutional ownership by reputable investment firms may signal confidence in OneStream, Inc.'s long-term prospects.
• The passive nature of the investment, as indicated by the Schedule 13G filing, suggests these firms are not seeking to disrupt company operations or control.

Risks

• The filing explicitly states that the shares were not acquired for the purpose of changing or influencing the control of the issuer, mitigating immediate control-related risks.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance from OneStream, Inc. or the reporting entities regarding the issuer's future performance.

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." (Certification by Michael Shoemaker, Chief Compliance Officer of Kayne Anderson Rudnick Investment Management, LLC; Chetram Persaud, Chief Compliance Officer of Virtus Investment Advisers, LLC; and Daphne Chisolm, Vice President, Counsel and Assistant Secretary of Virtus Equity Trust).

Industry Context

This Schedule 13G filing is a routine disclosure in the financial industry, indicating that institutional investors have crossed the 5% beneficial ownership threshold in a publicly traded company. It reflects standard portfolio management activities by investment advisers and funds.

Stakeholder Impact

• Shareholders may view the increased institutional ownership as a positive signal, potentially enhancing investor confidence and liquidity for OneStream, Inc.'s stock.

Key Dates

Keywords

OneStream Inc., SEC filing, Schedule 13G, beneficial ownership, institutional investment, Kayne Anderson Rudnick Investment Management, Virtus Investment Advisers, Virtus Equity Trust, common stock, passive investment