SCHEDULE 13G/A: Highbridge Capital Management Discloses 8.6% Stake in Star Holdings
Beneficial Ownership Report
Highbridge Capital Management, LLC has filed an amended Schedule 13G, reporting a beneficial ownership of 8.6% in Star Holdings' common shares as of March 31, 2025.
Summary
- Highbridge Capital Management, LLC, an investment adviser, reported beneficial ownership of 1,150,735 common shares of Star Holdings.
- This ownership represents 8.6% of Star Holdings' common shares outstanding.
- The percentage is calculated based on 13,319,552 common shares outstanding as of February 13, 2025, as reported in Star Holdings' Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
- Highbridge Capital Management, LLC holds shared voting power and shared dispositive power over all 1,150,735 shares.
- Highbridge Tactical Credit Master Fund, L.P., a fund advised by Highbridge, has the right to receive dividends or proceeds from the sale of more than 5% of the Common Shares.
Sentiment
Score: 5
Explanation: The document is a factual regulatory filing (Schedule 13G) disclosing beneficial ownership, which is neutral in sentiment regarding the company's performance or outlook.
Future Outlook
The document, a Schedule 13G filing, does not contain any forward-looking statements or guidance regarding the issuer's future outlook.
Management Comments
- Highbridge Capital Management, LLC certified that the securities 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.
Industry Context
This filing indicates a significant institutional investment in Star Holdings, which is a common occurrence for publicly traded companies. It reflects an investment adviser's position in the market and provides transparency regarding major shareholders.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder, which may influence investor perception and market sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date as of which 13,319,552 common shares outstanding were reported by Star Holdings. |
| 02/18/2025 | Date Star Holdings filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024. |
| 03/31/2025 | Date of event which required the filing of this Schedule 13G statement. |
| 04/25/2025 | Signature date of the Schedule 13G filing by Highbridge Capital Management, LLC. |
Keywords
Star Holdings, Highbridge Capital Management, Schedule 13G, beneficial ownership, common shares, investment adviser, SEC filing, institutional ownership
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