Halbert Hargrove Discloses 2.26M Shares in Stone Ridge Fund

TL;DR

**Halbert Hargrove just revealed a big 2.26M share stake in Stone Ridge Alternative Lending Risk Premium Fund.**

AI Summary

Halbert Hargrove Global Advisors, LLC, a California-based investment advisor, has reported beneficial ownership of 2,264,610.77 Common Shares in Stone Ridge Alternative Lending Risk Premium Fund as of December 31, 2023. This filing, an SC 13G, indicates that Halbert Hargrove holds significant shared voting and dispositive power over these shares, suggesting a substantial, but passive, investment in the fund. For investors, this means a large institutional player sees value in the Stone Ridge fund, potentially signaling confidence in its strategy and underlying assets.

Why It Matters

This filing reveals a major institutional investor's stake, which can influence market perception and potentially provide a floor for the stock price due to their large holding.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by an institutional advisor, which generally doesn't pose significant immediate risks to the company or its shareholders.

Analyst Insight

An investor might view this as a positive signal of institutional confidence in the Stone Ridge Alternative Lending Risk Premium Fund, warranting further research into the fund's performance and strategy.

Key Numbers

• 2,264,610.77 — Common Shares (Total shares beneficially owned by Halbert Hargrove Global Advisors, LLC)

Key Players & Entities

• Halbert Hargrove Global Advisors, LLC (company) — the reporting person and investment advisor
• Stone Ridge Trust V (company) — the subject company of the filing
• Stone Ridge Alternative Lending Risk Premium Fund (company) — the specific fund in which shares are held
• 2,264,610.77 (dollar_amount) — number of Common Shares beneficially owned
• December 31, 2023 (person) — date of event requiring the filing

Forward-Looking Statements

• Halbert Hargrove Global Advisors, LLC will maintain its significant stake in Stone Ridge Alternative Lending Risk Premium Fund. (Halbert Hargrove Global Advisors, LLC) — medium confidence, target: Q2 2024
• The disclosure of this institutional ownership will lead to increased investor interest in Stone Ridge Alternative Lending Risk Premium Fund. (Stone Ridge Alternative Lending Risk Premium Fund) — low confidence, target: Q1 2024

FAQ

Filing Documents

• lendx_13124.htm (SC 13G) — 25KB
• 0001085146-24-000696.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Stone Ridge Asset Management, LLC

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: One Vanderbilt Avenue, 65th Floor, New York, NY 10017

(a)

ITEM 2(a). NAME OF PERSON FILING: Halbert Hargrove Global Advisors, LLC

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 111 West Ocean Boulevard, Suite 2300, Long Beach, CA 90802

(c)

ITEM 2(c). CITIZENSHIP: California

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Shares

(e)

ITEM 2(e). CUSIP NUMBER: 86172R 101 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-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. 78c); (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) [X] An investment adviser 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 associations 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 in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 2,264,611 (b) Percent of class: 5.68% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 0 (ii) shared power to vote or to direct the vote: 2,264,611 (iii) sole power to dispose or direct the disposition of: 0 (iv) shared power to dispose or to direct the disposition of: 2,264,611 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 securiti

View Full Filing

View this SC 13G filing on SEC EDGAR