Hedgehog Capital Trims Bluerock Homes Trust Stake to 4.9%

Ticker: BHM · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1903382

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, real-estate, stake-change

TL;DR

**Hedgehog Capital just cut its Bluerock Homes Trust stake to 4.9%.**

AI Summary

Hedgehog Capital LLC, a Delaware-based investment firm, filed an amended SC 13G/A on January 22, 2024, disclosing its ownership in Bluerock Homes Trust, Inc. As of December 31, 2023, Hedgehog Capital LLC beneficially owned 297,387 Class A Common Shares, representing 4.9% of the company's outstanding stock. This filing indicates a slight decrease in their reported ownership percentage from a previous filing, which could signal a shift in their investment strategy or a change in the total outstanding shares of Bluerock Homes Trust, Inc.

Why It Matters

This filing shows that a significant institutional investor, Hedgehog Capital LLC, has slightly reduced its stake in Bluerock Homes Trust, Inc., which could be interpreted by other investors as a signal about the stock's future prospects.

Risk Assessment

Risk Level: low — This filing is a routine update on an institutional investor's holdings and does not indicate any immediate high-risk events.

Analyst Insight

Investors should note the slight reduction in Hedgehog Capital LLC's stake, but consider it in the broader context of Bluerock Homes Trust, Inc.'s performance and other institutional holdings before making investment decisions.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the primary purpose of this SC 13G/A filing by Hedgehog Capital LLC?

The primary purpose of this SC 13G/A filing is to amend a previous Schedule 13G, disclosing an updated beneficial ownership stake in Bluerock Homes Trust, Inc. As stated in the filing, it is "AMENDMENT NO. 2" to a Schedule 13G.

How many Class A Common Shares of Bluerock Homes Trust, Inc. does Hedgehog Capital LLC beneficially own as of the reporting date?

As of December 31, 2023, Hedgehog Capital LLC beneficially owns 297,387 Class A Common Shares of Bluerock Homes Trust, Inc., as indicated on the cover page under 'SOLE VOTING POWER' and 'SOLE DISPOSITIVE POWER'.

What percentage of Bluerock Homes Trust, Inc.'s Class A Common Stock does Hedgehog Capital LLC own?

Hedgehog Capital LLC owns 4.9% of Bluerock Homes Trust, Inc.'s Class A Common Stock, as stated on the cover page under 'PERCENTAGE OF CLASS REPRESENTED BY AMOUNT IN ROW 9'.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(c), as indicated by the 'x' next to 'Rule 13d-1(c)' on the first page of the Schedule 13G form.

What is the CUSIP number for Bluerock Homes Trust, Inc.'s Class A Common Stock?

The CUSIP number for Bluerock Homes Trust, Inc.'s Class A Common Stock is 09631H100, as listed on the cover page of the filing.

Filing Stats: 1,848 words · 7 min read · ~6 pages · Grade level 9.3 · Accepted 2024-01-22 10:00:12

Filing Documents

(a)

Item 1(a). Name of Issuer: Bluerock Homes Trust, Inc.

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 1345 Avenue of the Americas – 32 nd Floor New York, NY 10105

(a)

Item 2(a). Name of Person Filing: (1) Hedgehog Capital LLC (2) Hold River LLC (3) Hedonic Capital LLC (4) David T. Lu David T. Lu is the managing member of Hedgehog Capital LLC and has sole voting and dispositive power with respect to shares owned by Hedgehog Capital LLC. David T. Lu is the managing member of Hold River LLC and has sole voting and dispositive power with respect to shares owned by Hold River LLC. David T. Lu is the managing member of Hedonic Capital LLC and has sole voting and dispositive power with respect to shares owned by Hedonic Capital LLC.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 1117 E. Putnam Ave. #320 Riverside, CT 06878

(c)

Item 2(c). Citizenship: (1) DE (2) DE (3) DE (4) USA

(d)

Item 2(d). Title of Class of Securities: Common Shares

(e)

Item 2(e). CUSIP Number: 09631H100 Page 6 of 9 pages Item 3. If this Statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under Section 15 of the Act; (b) o Bank as defined in Section 3(a)(6) of the Act; (c) o Insurance company as defined in Section 3(a)(19) of the Act; (d) o Investment company registered under Section 8 of the Investment Company Act of 1940; (e) o An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) o A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) o A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; (j) o A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); (k) o Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Hedgehog Capital LLC (a) Amount Beneficially Owned: 297,387 Common Shares; (b) Percent of Class: 7.7% Common Shares**; (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 297,387 Common Shares; (ii) shared power to vote or to direct the vote: (iii) sole power to dispose or to direct the disposition of: 297,387 Common Shares; (iv) shared power to dispose or to direct the disposition of: Hold River LLC (a) Amount Beneficially Owned: 43,369 Common Shares; (b) Percent of Class: 1.1% Common Shares**; (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 43,369 Common Sha

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