Durable Capital Partners Exits Quaker Chemical Stake

TL;DR

**Durable Capital Partners LP dumped all its Quaker Chemical stock.**

AI Summary

Durable Capital Partners LP, a Delaware-based investment firm, filed an amended SC 13G/A on February 12, 2024, indicating a significant change in its holdings of Quaker Chemical Corporation (NYSE: KWR) common stock. As of December 31, 2023, Durable Capital Partners LP reported having 0 sole voting power and 0 shared voting power, as well as 0 sole dispositive power over Quaker Chemical shares. This filing suggests that Durable Capital Partners LP has either completely exited its position or significantly reduced its stake in Quaker Chemical, which could signal a loss of confidence from a notable institutional investor.

Why It Matters

This matters because a major institutional investor, Durable Capital Partners LP, has seemingly sold off its entire stake in Quaker Chemical, which could be interpreted as a bearish signal for the stock.

Risk Assessment

Risk Level: medium — The exit of an institutional investor like Durable Capital Partners LP could indicate underlying concerns about Quaker Chemical's future performance, posing a medium risk to current and prospective shareholders.

Analyst Insight

A smart investor would investigate the reasons behind Durable Capital Partners LP's exit from Quaker Chemical and consider if this signals broader issues before making investment decisions.

Key Numbers

• 0 — Sole Voting Power (Number of shares Durable Capital Partners LP has sole voting power over as of Dec 31, 2023)
• 0 — Shared Voting Power (Number of shares Durable Capital Partners LP has shared voting power over as of Dec 31, 2023)
• 0 — Sole Dispositive Power (Number of shares Durable Capital Partners LP has sole dispositive power over as of Dec 31, 2023)

Key Players & Entities

• Durable Capital Partners LP (company) — the investment firm filing the SC 13G/A
• Quaker Chemical Corporation (company) — the issuer of the common stock
• Delaware (company) — place of organization for Durable Capital Partners LP
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Quaker Chemical Corporation's stock price may experience downward pressure due to the perceived lack of institutional confidence. (Quaker Chemical Corporation) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $1 — ation (Name of Issuer) Common Stock, $1 par value (Title of Class of Securiti

Filing Documents

• quaker_sc13ga-123123.htm (SC 13G/A) — 44KB
• 0001999371-24-001944.txt ( ) — 45KB

(a). Name of Issuer

Item 1(a). Name of Issuer : Quaker Chemical Corporation (the “Issuer”)

(b). Address of Issuer’s Principal Executive Offices

Item 1(b). Address of Issuer’s Principal Executive Offices : 901 E. Hector Street, Conshohocken, PA 19428

(a). Names of Person Filing

Item 2(a). Names of Person Filing : The name of the person filing this report is: Durable Capital Partners LP (the “Reporting Person”)

(b). Address of Principal Business Office or, if None, Residence

Item 2(b). Address of Principal Business Office or, if None, Residence : The address of the principal business office of the Reporting Person is: 4747 Bethesda Avenue, Suite 1002 Bethesda, Maryland 20814

(c). Citizenship or Place of Organization

Item 2(c). Citizenship or Place of Organization : The Reporting Person is a limited partnership organized under the laws of the State of Delaware.

(d). Title of Class of Securities

Item 2(d). Title of Class of Securities : Common Stock, $1 par value (“Common Stock”)

(e). CUSIP Number

Item 2(e). CUSIP Number : 747316107 Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-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 advisor in accordance with §240.13d-1(b)(1)(ii)(E). (f) An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with §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) A non-U.S. institution that is the functional equivalent of any of the institutions listed in § 240.13d-1 (b)(1)(ii)(A) through (I), so long as the non-U.S. institution is applicable to the equivalent U.S. institution. (k) Group, in accordance with §240.13d-1(b)(1)(ii)(K).

Ownership

Item 4. Ownership . The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The Reporting Person, as the investment adviser to Durable Capital Master Fund LP, has sole power to direct the vote and disposition of Common Stock (the “Shares”). Durable Capital Partners GP LLC (“Durable GP”) is the general partner of the Reporting Person, and Henry Ellenbogen is the chief investment officer of the Reporting Person and the managing member of Durable GP.

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 . See disclosure of relationships among parties under Item 4. The economic benefits of the Shares are shared based on agreements among the parties. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person . See control and Shares holding disclosure in Item 4.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group . Inapplicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group . Inapplicable.

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 and are not held 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 its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: February 12, 2024 DURABLE CAPITAL PARTNERS LP By: /s/ Julie Jack Name: Julie Jack Title: Authorized Person

View Full Filing

View this SC 13G/A filing on SEC EDGAR