SCHEDULE 13G/A: Van Lanschot Kempen Investment Management Discloses 5.1% Stake in Thermon Group Holdings

Van Lanschot Kempen Investment Management N.V. has reported a 5.1% beneficial ownership stake in Thermon Group Holdings, Inc. as of December 31, 2024, held in the ordinary course of business.

Summary

• Van Lanschot Kempen Investment Management N.V. filed a Schedule 13G (Amendment No. 2) disclosing its beneficial ownership in Thermon Group Holdings, Inc.
• As of December 31, 2024, the reporting person beneficially owned 1,713,802 Common Shares of Thermon Group Holdings, Inc.
• This ownership represents 5.1% of the class of securities.
• Van Lanschot Kempen Investment Management N.V. holds sole voting power over 1,385,426 shares and sole dispositive power over 1,713,802 shares.
• 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 the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a significant institutional investment in Thermon Group Holdings, Inc., which is generally a positive signal of investor confidence, though it is a routine disclosure.

Positives

• A significant institutional investor, Van Lanschot Kempen Investment Management N.V., has taken a notable 5.1% stake in Thermon Group Holdings, Inc., indicating confidence in the company.
• The investment is stated to be in the ordinary course of business, suggesting a long-term, non-activist position.

Negatives

• No specific negative information regarding Thermon Group Holdings, Inc. was disclosed in this ownership filing.

Risks

• This Schedule 13G filing does not contain information regarding specific risks related to Thermon Group Holdings, Inc.'s operations or financial performance.

Future Outlook

This Schedule 13G filing is an ownership disclosure and does not contain forward-looking statements or guidance regarding Thermon Group Holdings, Inc.'s future outlook.

Management Comments

• E.J.G. Jansen, Managing Director COO of Van Lanschot Kempen Investment Management N.V., and W.H. van Houwelingen, Managing Director CEO, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• The reporting person certified that the foreign regulatory scheme applicable to them (licensed investment fund manager and portfolio manager registered with the Authority for the Financial Markets in the Netherlands) is substantially comparable to the regulatory scheme for functionally equivalent U.S. institutions.

Industry Context

This filing reflects an institutional investor's stake in Thermon Group Holdings, Inc., a company operating in the industrial process heating sector. Such disclosures are standard for significant ownership thresholds and provide transparency into major institutional holdings within the industry.

Comparison to Industry Standards

• This Schedule 13G filing is an ownership disclosure and does not provide performance metrics for comparison to industry standards or specific comparable companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, potentially signaling confidence and stability.
• Management: Awareness of a major institutional shareholder and their stated non-activist intent, which can influence strategic considerations.

Next Steps

• The reporting person undertakes to furnish information to the SEC staff upon request that would otherwise be disclosed in a Schedule 13D.

Key Dates

Keywords

Thermon Group Holdings, Van Lanschot Kempen Investment Management, SEC filing, Schedule 13G, beneficial ownership, common shares, institutional investment, financial reporting