Anholt Investments Amends 13D for Compass Diversified Holdings

Ticker: CODI-PC · Form: SC 13D/A · Filed: Jan 5, 2024 · CIK: 1345126

Complexity: simple

Sentiment: neutral

Topics: insider-ownership, amendment, shareholder-update

TL;DR

**Major investor group just updated their stake in Compass Diversified Holdings, watch for potential shifts!**

AI Summary

Anholt Investments Ltd. (formerly Compass Group Investments, Ltd.), along with NAVCO Management, Ltd. and Path Spirit Ltd., filed an Amendment No. 11 to their Schedule 13D on January 5, 2024, indicating a change in their beneficial ownership of Compass Diversified Holdings. The filing specifies that the date of the event requiring this amendment was December 31, 2023. This matters to investors because it signals a potential shift in the influence or intentions of a significant shareholder group, which could impact future strategic decisions or stock performance of Compass Diversified Holdings.

Why It Matters

This filing updates the market on the ownership stake of a key investor group, providing transparency into their holdings and potential influence over Compass Diversified Holdings.

Risk Assessment

Risk Level: medium — Changes in significant shareholder ownership can introduce uncertainty regarding future company direction or potential stock sales, creating medium risk.

Analyst Insight

Investors should monitor subsequent filings from Anholt Investments Ltd. and its group members for further changes in their ownership percentage or stated intentions, as these could signal strategic shifts for Compass Diversified Holdings.

Key Players & Entities

FAQ

What is the purpose of this specific filing?

This is an Amendment No. 11 to a Schedule 13D filing, indicating an update to previously reported beneficial ownership information for Compass Diversified Holdings by the filing group.

Who are the primary entities involved in this filing?

The primary entities involved are Anholt Investments Ltd. (formerly Compass Group Investments, Ltd.), NAVCO Management, Ltd., and Path Spirit Ltd. as the filing group, and Compass Diversified Holdings as the subject company.

When did the event requiring this amendment occur?

The date of the event which required the filing of this statement was December 31, 2023.

What is the CUSIP number for Compass Diversified Holdings' securities?

The CUSIP number for the Shares of Compass Diversified Holdings is 20451Q104.

Where is Anholt Investments Ltd. located, according to the filing?

Anholt Investments Ltd. is located at 69 Pitts Bay Road, Belvedere Building -- 4th Floor, Hamilton HM08, Bermuda.

Filing Stats: 2,469 words · 10 min read · ~8 pages · Grade level 9.2 · Accepted 2024-01-05 16:01:15

Key Financial Figures

Filing Documents

SECURITY

ITEM 1. SECURITY AND ISSUER. No amendments to Item 1.

IDENTITY

ITEM 2. IDENTITY AND BACKGROUND. This Amendment No. 10 to Schedule 13D relates to, and is filed on behalf of, the following Reporting Persons: · CGI Diversified Holdings, LP, a Bermuda limited partnership with its principal offices at 69 Pitts Bay Road, Belvedere Building – 4 th Floor, Hamilton HM08, Bermuda. · Navco Management, Ltd. (“Navco”), a Bermuda exempt company with its principal offices at 69 Pitts Bay Road, Belvedere Building – 4 th Floor, Hamilton HM08, Bermuda. · Anholt Investments Ltd. (formerly known as Compass Group Investments, Ltd.) (“Anholt”), a Bermuda exempt company with its principal offices at 69 Pitts Bay Road, Belvedere Building – 4 th Floor, Hamilton HM08, Bermuda. · Path Spirit Limited (“Path”), an English company limited by guarantee with its principal offices at 10 Norwich Street, London EC4A 1BD, United Kingdom. CGI Diversified Holdings, LP is owned by Navco, its general partner, and Anholt, its sole limited partner, and managed by Navco. Navco is managed by Thomas K.Y. Hsu, a director, Peter Antturi, a director, Cora Lee Starzomski, a director, and Louie Cuarentas, a director. Anholt is managed by Thomas K.Y. Hsu, a director and President, Peter Antturi, a director and Vice President, Cora Lee Starzomski, a director and Treasurer, and Louie Cuarentas, a director and Finance Officer. Navco and Anholt are wholly owned by Kattegat Limited, a Bermudian exempt company with its principal offices at Belvedere Building, 69 Pitts Bay Road, Pembroke HM 08, Bermuda. Kattegat Limited was formed for the purpose of holding and managing the endowed assets of The Kattegat Trust and is wholly owned by The Kattegat Trust. The Kattegat Trust is a Bermudian charitable trust, engaged in the principal business of distributing income for charitable purposes, with its principal offices at 45 Reid Street, Hamilton HM 12, Bermuda. The Co-Trustees of the Trust are Katt

SOURCE

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. No amendment to Item 3.

PURPOSE

ITEM 4. PURPOSE OF TRANSACTION. No amendment to Item 4. -7-

INTEREST

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Paragraphs (a) and (e) of Item 5 of this Schedule 13D are amended as follows: (a) The Reporting Persons were the beneficial owners of 7,998,981 Shares of the Issuer prior to the disposition of such shares on December 31, 2023.. The Shares were owned directly by CGI Magyar, which was owned by Anholt Services (USA), Inc. and CGI Diversified Hungary Kft. Anholt Services (USA), Inc. is owned by Anholt. CGI Diversified Hungary Kft. is wholly owned by the CGI Diversified Holdings, LP. CGI is owned by Anholt, its sole limited partner, and Navco Management, Ltd., its general partner. Anholt and Navco Management, Ltd. are wholly owned by Kattegat Limited. Anholt, Navco Management, Ltd., Path Spirit Limited, Anholt Services (USA), Inc. CGI Diversified Hungary Kft. and CGI Magyar disclaim beneficial ownership of the Shares, except to the extent of their pecuniary interest therein. As of the date of this filing the Kattegat Trust has no beneficial ownership in the Issuers securities. (c) The Beneficial Owner disposed of the following Shares during the sixty day period prior to the date hereof: Date of Transaction Shares Disposed Sale Price November 20, 2023 5,625 Series A Preferred $23.01 November 20, 2023 5,500 Series B Preferred $24.27 November 27, 2023 2,351 Series A Preferred $23.008 November 29, 2023 3,654 Series A Preferred $23.006 November 29, 2023 300 Series B Preferred $24.271 November 30, 2023 4,991 Series A Preferred $23.006 November 30, 2023 3,920 Series B Preferred $24.291 December 1, 2023 2,799 Series A Preferred $23.0001 December 1, 2023 3,969 Series B Preferred $24.451 December 4, 2023 22 Series A Preferred $23.021 December 4, 2023 2,570 Series B Preferred $24.325 December 5, 2023 600 Series B Preferred $24.3229 December 6, 2023 1,976 Series A Preferred $23.019 December 6, 2023 4,487 Series B Preferred $24.335 December 7, 2023 5,710 Series A Preferre

CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER No amendment to Item 6.

MATERIAL TO BE FILED AS EXHIBITS

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS No amendments to item 7. -8- SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: January 5, 2024 ANHOLT INVESTMENTS LTD. /s/ Cora Lee Starzomski, Director Date: January 5, 2024 CGI DIVERSIFIED HOLDINGS, LP By: Anholt Investments Ltd. its sole limited partner By: Navco Management, Ltd., its general partner /s/ Cora Lee Starzomski, Director Date: January 5, 2024 NAVCO MANAGEMENT, LTD. /s/ Cora Lee Starzomski, Director Date: January 5, 2024 PATH SPIRIT LIMITED /s/ Poul Karlshoej, Director -9-

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