Robotti Group Files SC 13D for Five Point Holdings
Ticker: FPH · Form: SC 13D · Filed: Sep 27, 2024 · CIK: 1574197
Sentiment: neutral
Topics: ownership-change, activist-filing, sec-filing
Related Tickers: FPH
TL;DR
**ROBOTTI GROUP CHANGES STAKE IN FPH - SC 13D FILED**
AI Summary
On September 24, 2024, Robert Robotti, through various entities including Ravenswood Investment Co. L.P. and Robotti & Co. Advisors, LLC, filed an SC 13D indicating a change in beneficial ownership of Five Point Holdings, LLC (FPH). The filing details the group's holdings and intentions regarding the company's Class A Common Shares.
Why It Matters
This filing signals a significant stakeholder's updated position and potential influence over Five Point Holdings, which could impact the company's strategic direction and stock performance.
Risk Assessment
Risk Level: medium — SC 13D filings often indicate activist investor intentions or significant shifts in major holdings, which can lead to increased volatility and strategic changes for the subject company.
Key Players & Entities
- Five Point Holdings, LLC (company) — Subject company
- Robert Robotti (person) — Filing person
- Ravenswood Investment Co. L.P. (company) — Group member
- Robotti & Co. Advisors, LLC (company) — Group member
- Newhall Holding Company, LLC (company) — Former company name
FAQ
What is the CUSIP number for Five Point Holdings, LLC Class A Common Shares?
The CUSIP number is 33833Q106.
What is the filing date of this SC 13D?
The filing date is September 27, 2024, with the date of the event requiring the filing being September 24, 2024.
Who is the person authorized to receive notices for this filing?
Robert Robotti, c/o Robotti & Company, Incorporated, is authorized to receive notices.
What was the former name of Five Point Holdings, LLC?
The former name was Newhall Holding Company, LLC, with a name change date of April 11, 2013.
What is the business address of Five Point Holdings, LLC?
The business address is 2000 FIVEPOINT, 4TH FLOOR, IRVINE, CA 92618.
Filing Stats: 3,602 words · 14 min read · ~12 pages · Grade level 10.7 · Accepted 2024-09-27 09:19:37
Key Financial Figures
- $28,476.00 — h are disclosed below) is approximately $28,476.00 (including brokerage fees and expenses)
- $11,431.00 — y Mrs. Suzanne Robotti is approximately $11,431.00 (including brokerage fees and expenses)
- $12,592,668.00 — neficially held by RIC is approximately $12,592,668.00 (including brokerage fees and expenses)
- $8,395,167.00 — eneficially held by RI is approximately $8,395,167.00 (including brokerage fees and expenses)
Filing Documents
- ef20036378_sc13d.htm (SC 13D) — 304KB
- 0001140361-24-042124.txt ( ) — 305KB
From the Filing
SC 13D 1 ef20036378_sc13d.htm SC 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Five Point Holdings, LLC (Name of Issuer) Class A Common Shares (Title of Class of Securities) 33833Q106 (CUSIP Number) Robert Robotti c/o Robotti & Company, Incorporated 125 Park Avenue, Suite 1607 New York, New York 10017 212-986-4800 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 24, 2024 (Date of Event Which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. (Page 1 of 16 Pages) *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 ("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). SCHEDULE 13D CUSIP No. 33833Q106 Page 2 of 16 Pages 1 NAMES OF REPORTING PERSONS Robert E. Robotti 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) AF, OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER -0- 8 SHARED VOTING POWER 6,702,047 9 SOLE DISPOSITIVE POWER -0- 10 SHARED DISPOSITIVE POWER 6,702,047 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,702,047 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN, HC SCHEDULE 13D CUSIP No. 33833Q106 Page 3 of 16 Pages 1 NAMES OF REPORTING PERSONS Robotti & Company, Incorporated 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER -0- 8 SHARED VOTING POWER 6,702,047 9 SOLE DISPOSITIVE POWER -0- 10 SHARED DISPOSITIVE POWER 6,702,047 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,702,047 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO, HC SCHEDULE 13D CUSIP No. 33833Q106 Page 4 of 16 Pages 1 NAMES OF REPORTING PERSONS Robotti & Company Advisors, LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) OO 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION New York NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER -0- 8 SHARED VOTING POWER 6,702,047 9 SOLE DISPOSITIVE POWER -0- 10 SHARED DISPOSITIVE POWER 6,702,047 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,702,047 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 9.7% 14 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) OO, IA SCHEDULE 13D CUSIP No. 33833Q106 Page 5 of 16 Pages 1 NAMES OF REPORTING PERSONS Suzanne Robotti 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 SOURCE OF FUNDS (SEE INSTRUCTIONS) PF 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E) 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 2,000 8 SHARED VOTING POWER -0- 9 SOLE DISPOSITIVE POWER 2,000 10 SHARED DISPOSITIVE POWER -0- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,000 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN