SCHEDULE 13G: AltraVue Capital Discloses 5.04% Passive Stake in Winmark Corp

AltraVue Capital, LLC has filed a Schedule 13G, reporting a passive beneficial ownership of 5.04% of Winmark Corp's common stock as of January 8, 2025.

Summary

• AltraVue Capital, LLC, an investment adviser based in Bellevue, WA, has filed a Schedule 13G with the SEC.
• The filing indicates that AltraVue Capital, LLC beneficially owns 177,403 shares of Winmark Corp's common stock.
• This ownership represents 5.04% of the total outstanding common stock of Winmark Corp.
• As of the event date of January 8, 2025, AltraVue Capital, LLC holds sole voting power over 113,582 shares and shared voting power over 63,821 shares.
• The firm also holds sole dispositive power over all 177,403 shares and no shared dispositive power.
• The filing states 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 Winmark Corp.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine regulatory disclosure of passive ownership and does not contain performance updates, strategic changes, or financial results from the company itself.

Positives

• The disclosure of a significant passive stake by an institutional investment adviser like AltraVue Capital, LLC can be interpreted as a vote of confidence in Winmark Corp's long-term prospects and current valuation.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance from Winmark Corp or AltraVue Capital, LLC regarding the issuer's future performance.

Management Comments

• Tom Parkhurst, Chief Compliance Officer of AltraVue Capital, LLC, certified 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.'

Industry Context

This filing is a standard regulatory disclosure required when an investment adviser acquires a passive beneficial ownership of 5% or more of a public company's stock. It does not provide specific insights into broader industry trends or competitive dynamics for Winmark Corp, but rather reflects an investment decision by a specific firm.

Stakeholder Impact

• Shareholders: The disclosure informs existing and potential shareholders about a new significant institutional investor, AltraVue Capital, LLC, holding a passive 5.04% stake in Winmark Corp.

Key Dates

Keywords

Winmark Corp, AltraVue Capital, Schedule 13G, SEC filing, beneficial ownership, common stock, investment adviser, passive investment