SCHEDULE: Wasatch Advisors Discloses 5.6% Stake in Orion Group

Wasatch Advisors LP has reported a 5.6% beneficial ownership stake in Orion Group Holdings Inc, holding 2,226,519 shares as of September 30, 2025.

Summary

• Wasatch Advisors LP, an investment adviser, reported beneficial ownership of 2,226,519 shares of Orion Group Holdings Inc (CUSIP: 68628V308).
• This stake represents 5.6% of the class of securities, specifically common stock (COM).
• Wasatch Advisors LP holds sole voting power over 2,088,376 shares and sole dispositive power over all 2,226,519 shares.
• The filing certifies 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 Orion Group Holdings Inc.
• The event requiring this Schedule 13G filing occurred on September 30, 2025, and the statement was signed on November 13, 2025, by Mike Yeates, CEO of Wasatch Advisors LP.

Sentiment

Score: 6

Explanation: The filing is largely neutral as it's a compliance document, but the disclosure of a significant institutional stake by Wasatch Advisors LP in Orion Group Holdings Inc can be interpreted as a moderately positive signal of investor confidence.

Positives

• An institutional investor, Wasatch Advisors LP, has taken a significant stake (5.6%) in Orion Group Holdings Inc, indicating confidence in the company's prospects.
• The investment is stated to be in the ordinary course of business, not for control purposes, suggesting a long-term investment perspective rather than activist intent.

Future Outlook

This filing does not contain any forward-looking statements or guidance from Orion Group Holdings Inc or Wasatch Advisors LP regarding future performance or strategic direction.

Industry Context

A Schedule 13G filing indicates that an institutional investor has acquired a significant passive stake (over 5%) in a public company. For Orion Group Holdings Inc, this suggests that a notable investment adviser, Wasatch Advisors LP, sees value in the company, potentially signaling positive sentiment within the investment community for the construction and infrastructure services sector.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional investor taking a stake could be viewed positively, potentially increasing investor confidence and attracting further investment.
• Management: May see this as validation of their strategy and performance, but also potentially increased scrutiny from a large shareholder.

Key Dates

Keywords

Orion Group Holdings Inc, Wasatch Advisors LP, Schedule 13G, beneficial ownership, institutional investment, equity stake, COM shares, investment adviser