13F-HR: Rithm Capital Discloses Q3 2024 Holdings

Rithm Capital Corp. filed its Q3 2024 13F-HR, reporting a single holding in Great Ajax Corp. valued at $9.57 million.

Summary

• Rithm Capital Corp. submitted a Form 13F-HR, a quarterly report of institutional investment managers' equity holdings.
• The report covers the calendar quarter ended September 30, 2024.
• The filing is a 13F Combination Report, indicating that a portion of Rithm Capital Corp.'s holdings are reported in this document, while others are reported by different managers (e.g., Sculptor Capital LP).
• The total value of the reported holdings in this specific filing is $9,572,898.
• Only one holding entry is detailed in this report.
• The sole holding is 2,874,744 shares of common stock in Great Ajax Corp. (CUSIP 38983D300), with a market value of $9,572,898.
• Rithm Capital Corp. exercises sole investment discretion and sole voting authority over these shares.

Sentiment

Score: 5

Explanation: A 13F filing is a routine disclosure of historical equity holdings and does not inherently convey positive or negative sentiment about the reporting manager's performance or outlook, but rather its investment positions. The content is purely factual.

Risks

• The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. Readers should not assume the information is accurate and complete.

Future Outlook

This filing is a historical disclosure of equity holdings and does not contain forward-looking statements or guidance regarding future performance or investment strategy.

Management Comments

• David Zeiden, Chief Legal Officer, signed the report on behalf of Rithm Capital Corp., representing that the person signing is authorized and that all information is true, correct, and complete.

Industry Context

This 13F-HR filing is a standard regulatory disclosure for institutional investment managers, providing transparency into their equity holdings. It reflects a snapshot of Rithm Capital Corp.'s investment positions at the end of Q3 2024, a common practice across the financial industry for entities managing over $100 million in Section 13(f) securities.

Comparison to Industry Standards

• As a disclosure of a single equity holding, this filing does not provide sufficient information to assess Rithm Capital Corp.'s overall portfolio diversification or investment strategy against broader industry benchmarks or comparable institutional investors. The focus is on a specific, relatively small position within the context of a larger entity.

Corporate Governance

Related Party Transactions

• Rithm Capital Corp. ultimately owns Sculptor Capital LP and its subsidiary, Sculptor Capital II LP, which exercise independent investment discretion over Section 13(f) Securities and report separately. This indicates a parent-subsidiary relationship within the broader corporate structure.

Stakeholder Impact

• Shareholders: Provides transparency into a portion of Rithm Capital Corp.'s equity investment holdings, allowing them to see specific positions held by the company.
• Regulatory Authorities: Fulfills SEC disclosure requirements for institutional investment managers, ensuring compliance and market transparency.

Key Dates

Keywords

Rithm Capital Corp., 13F-HR, Institutional Holdings, Great Ajax Corp., Equity Investments, Investment Management, SEC Filing, Portfolio Disclosure