Bay Pond Partners Discloses 3.5% Stake in Customers Bancorp

TL;DR

**Bay Pond Partners now owns 3.5% of Customers Bancorp, holding 1,163,242 shares.**

AI Summary

Bay Pond Partners, L.P. filed an amended SC 13G/A on February 8, 2024, indicating a change in their beneficial ownership of Customers Bancorp, Inc. (CUBI) common stock. As of December 29, 2023, Bay Pond Partners reported shared voting and dispositive power over 1,163,242 shares, representing 3.5% of the company's outstanding common stock. This filing is important for investors as it shows a significant institutional holder's current stake, which can influence market perception and potentially signal confidence or concern in the stock.

Why It Matters

This filing reveals a major institutional investor's current position in Customers Bancorp, providing transparency into significant ownership changes that can impact investor sentiment and stock price.

Risk Assessment

Risk Level: low — This filing is an update on an existing passive investment, not indicating any immediate high-risk corporate action.

Analyst Insight

Investors should note this filing as an update on institutional ownership, but it doesn't signal an immediate need for action. It's a data point for understanding the shareholder base of Customers Bancorp, Inc.

Key Numbers

• 1,163,242 — Shares Beneficially Owned (represents the total number of shares of Customers Bancorp, Inc. common stock over which Bay Pond Partners, L.P. has shared voting and dispositive power as of December 29, 2023.)
• 3.5% — Percentage of Class (represents the percentage of Customers Bancorp, Inc.'s common stock beneficially owned by Bay Pond Partners, L.P. as of December 29, 2023.)
• December 29, 2023 — Date of Event (the date that triggered the requirement for Bay Pond Partners, L.P. to file this amendment.)
• February 8, 2024 — Filing Date (the date this amended SC 13G/A was filed with the SEC.)

Key Players & Entities

• Bay Pond Partners, L.P. (company) — the reporting person beneficially owning shares of Customers Bancorp, Inc.
• Customers Bancorp, Inc. (company) — the issuer whose common stock is being reported on
• Wellington Alternative Investments LLC (company) — business address for Bay Pond Partners, L.P.
• Delaware (place) — place of organization for Bay Pond Partners, L.P.

Forward-Looking Statements

• Bay Pond Partners, L.P. will maintain a passive investment stance in Customers Bancorp, Inc. (Bay Pond Partners, L.P.) — high confidence, target: Next 12 months

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 17KB
• 0000902219-24-000226.txt ( ) — 19KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * Customers Bancorp, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 23204G100 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ ] Rule 13d-1(b) [X] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 23204G100 1. NAMES OF REPORTING PERSONS Bay Pond Partners, L.P. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 0 6. SHARED VOTING POWER 1,163,242 7. SOLE DISPOSITIVE POWER 0 8. SHARED DISPOSITIVE POWER 1,163,242 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,163,242 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 3.70% 12. TYPE OF REPORTING PERSON PN Item 1. (a) Name of Issuer Customers Bancorp, Inc. (b) Address of Issuer's Principal Executive Offices 701 Reading Avenue West Reading, PA 19611 Item 2. (a) Name of Person Filing Bay Pond Partners, L.P. (b) Address of Principal Business Office or, if None, Residence c/o Wellington Management Company LLP 280 Congress Street Boston, MA 02210 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 23204G100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) [ ] Investment Company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) [ ] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] 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 (15 U.S.C. 80a-3); (j) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box [X] Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 1,163,242 (b) Percent of Class: 3.70% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 0 (ii) shared power to vote or to direct the vote 1,163,242 (iii) sole power to dispose or to direct the disposition of 0 (iv) shared power to dispose or to direct the disposition of 1,163,242 Item 5. 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 five percent of the class of securities, check the following: [X] Item 6. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable. Item 8. Identification and Classification of Members of the Group. Not Applicable. Item 9. Notice of Dissolution of Group. Not Applicable. Item 10. Certification. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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. SIG

View Full Filing

View this SC 13G/A filing on SEC EDGAR