Vanguard Trims BrightSpire Capital Stake to 6.1%

TL;DR

**Vanguard cut its stake in BrightSpire Capital to 6.1%, a slight bearish signal.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on January 10, 2024, disclosing its ownership in BrightSpire Capital Inc. As of December 29, 2023, Vanguard reported beneficial ownership of 7,377,690 shares of BrightSpire Capital's Common Stock, representing 6.1% of the company. This filing indicates a slight decrease in Vanguard's stake from its previous disclosure, which could signal a shift in their investment strategy for the real estate investment trust.

Why It Matters

This matters to investors because Vanguard, a significant institutional holder, has slightly reduced its position in BrightSpire Capital, potentially indicating a less bullish outlook or portfolio rebalancing.

Risk Assessment

Risk Level: low — The change in ownership by a large institutional investor like Vanguard is a common occurrence and doesn't represent an immediate high risk to the company's operations.

Analyst Insight

Investors should monitor future filings from Vanguard and other major institutional investors for further changes in their holdings, as this could signal broader sentiment towards BrightSpire Capital. This slight reduction isn't a strong sell signal but warrants attention.

Key Numbers

• 7,377,690 — Shares owned by Vanguard (Represents Vanguard's beneficial ownership in BrightSpire Capital Inc. as of December 29, 2023.)
• 6.1% — Percentage of class owned (Indicates Vanguard's current voting power and influence in BrightSpire Capital Inc.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• BrightSpire Capital, Inc. (company) — subject company, a real estate investment trust
• 7,377,690 (dollar_amount) — number of shares beneficially owned by Vanguard
• 6.1% (dollar_amount) — percentage of BrightSpire Capital's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing
• January 10, 2024 (date) — filing date of the SC 13G/A amendment

Forward-Looking Statements

• Vanguard may continue to slightly adjust its position in BrightSpire Capital based on market conditions or its internal fund rebalancing strategies. (The Vanguard Group) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• tv0010-brightspirecapitalinc.htm (SC 13G/A) — 11KB
• 0001104659-24-002857.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: BrightSpire Capital Inc

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 590 Madison Avenue, 33rd floor New York, NY 10022

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 10949T109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify 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 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. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 10, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR