Teacher Retirement System of Texas Amends CMTG Stake
Ticker: CMTG · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 1666291
| Field | Detail |
|---|---|
| Company | Claros Mortgage Trust, Inc. (CMTG) |
| Form Type | SC 13G/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, real-estate, passive-investment
TL;DR
**Texas Teachers' Retirement System still holds Claros Mortgage Trust stock as of year-end 2023.**
AI Summary
The Teacher Retirement System of Texas has filed an amended Schedule 13G/A for Claros Mortgage Trust, Inc. (CMTG), indicating their ownership of the company's common stock as of December 31, 2023. This filing, an amendment number 2, updates their previous disclosures and confirms their continued significant, though passive, investment in Claros Mortgage Trust. This matters to investors because it shows a large institutional investor maintains a position in CMTG, which can be seen as a vote of confidence, but the specific change in their holding percentage is not immediately clear without comparing to the prior filing.
Why It Matters
This filing confirms a major institutional investor, Teacher Retirement System of Texas, continues to hold a significant stake in Claros Mortgage Trust, Inc., signaling ongoing institutional interest in the company.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company operations.
Analyst Insight
An investor should note that a large institutional investor maintains a position in CMTG, suggesting continued confidence, but should also review the full 13G/A to understand any changes in the percentage of ownership from previous filings.
Key Numbers
- 0001666291 — Claros Mortgage Trust, Inc. CIK (unique identifier for the subject company)
- 0000796848 — Teacher Retirement System of Texas CIK (unique identifier for the reporting entity)
- 18270D106 — CUSIP Number (identifies Claros Mortgage Trust, Inc.'s common stock)
- 2 — Amendment Number (indicates this is the second amendment to the original Schedule 13G filing)
- $0.01 — par value per share (par value of Claros Mortgage Trust, Inc. common stock)
Key Players & Entities
- Teacher Retirement System of Texas (company) — the reporting person and institutional investor
- Claros Mortgage Trust, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- New York (company) — city of Claros Mortgage Trust, Inc.'s business address
- Texas (company) — place of organization for Teacher Retirement System of Texas
Forward-Looking Statements
- Teacher Retirement System of Texas will continue to hold a significant, passive stake in Claros Mortgage Trust, Inc. (Teacher Retirement System of Texas) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated in the filing under 'FORM TYPE: SC 13G/A' and 'Amendment No.2'.
Who is the reporting person in this filing?
The reporting person is the Teacher Retirement System of Texas, as clearly stated under 'NAMES OF REPORTING PERSONS Teacher Retirement System of Texas'.
What is the subject company of this filing?
The subject company is Claros Mortgage Trust, Inc., identified under 'Name of Issuer Claros Mortgage Trust, Inc.' and 'COMPANY CONFORMED NAME: Claros Mortgage Trust, Inc.'.
What is the date of the event that required this filing?
The date of the event which required this filing is December 31, 2023, as specified under 'Date of Event Which Requires Filing of this Statement December 31, 2023'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the checked box '☒ Rule 13d-1(b)' in the filing.
Filing Stats: 981 words · 4 min read · ~3 pages · Grade level 8 · Accepted 2024-02-06 17:08:12
Key Financial Figures
- $0.01 — Inc. (Name of Issuer) Common Stock, $0.01 par value per share (Title of Class of
Filing Documents
- 13G_Claros_A2_Annual.htm (SC 13G/A) — 44KB
- 0000796848-24-000003.txt ( ) — 45KB
Signatures
Signatures 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: February 6, 2024 Teacher Retirement System of Texas By: /s/ Heather Traeger Name: Heather Traeger Title: General Counsel & Chief Compliance Officer