Ellington Management Group Updates Oportun Financial Stake

TL;DR

**Ellington Management Group just updated their Oportun Financial stake, watch for market reaction.**

AI Summary

Ellington Management Group, LLC, a Delaware-based investment firm, filed an amended SC 13G/A on January 17, 2024, indicating a change in their beneficial ownership of Oportun Financial Corp (NASDAQ: OPRT) common stock as of December 31, 2023. This filing, under Rule 13d-1(c), updates their stake in the company. This matters to investors because significant changes in institutional ownership can signal shifts in confidence or strategy regarding Oportun's future performance, potentially influencing stock price.

Why It Matters

Changes in major institutional holdings can influence investor sentiment and stock price, as large investors often have deep insights into a company's prospects.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently signal high risk, though the underlying change in ownership could be a factor.

Analyst Insight

Investors should monitor subsequent filings from Ellington Management Group, LLC to understand the full extent of their ownership changes and consider how this might align with their own investment thesis for Oportun Financial Corp.

Key Players & Entities

• Ellington Management Group, LLC (company) — the reporting person filing the SC 13G/A
• Oportun Financial Corp (company) — the subject company whose securities are being reported
• Delaware (company) — state of organization for Ellington Management Group, LLC
• December 31, 2023 (date) — date of the event requiring the filing
• January 17, 2024 (date) — date the SC 13G/A was filed

FAQ

Key Financial Figures

• $0.0001 — ation (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o

Filing Documents

• ellington-oprt123123.htm (SC 13G/A) — 124KB
• 0001172661-24-000244.txt ( ) — 126KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Opurtun Financial Corporation (the “Issuer”)

(b)Address of Issuer’s Principal

Item 1. (b)Address of Issuer’s Principal Executive Offices 2 Circle Star Way, San Carlos, CA 94070

(a)Name of Person Filing

Item 2. (a)Name of Person Filing: This (i) Ellington Management Group LLC (“EMG”); (ii) EMG Holdings, L.P. (“EMGH”); (iii) VC Investments LLC (“VC”); and (iv) Michael W. Vranos, a U.S. citizen (“Mr. Vranos”). This Credit Opportunities, Ltd. ("ECO"), Ellington M Credit Master Fund Ltd. ("EMCM"), Ellington Private Opportunities Main Master Fund III LP ("EPO3M"), and Ellington Special Relative Value Fund LLC ("ESRV" and, together with CII, ECO, EMCM and EPO3M, the "Ellington Funds"). EMG serves as investment adviser to each of the Ellington Funds. EMGH is the majority member of EMG. VC is the managing member of EMG and the general partner of EMGH. Mr. Vranos serves as Chief Executive Officer of EMG and is the largest limited partner of EMGH and the sole owner and managing member of VC.

(b) Address of Principal Business Office

Item 2 (b) Address of Principal Business Office: The address of the principal business office of each of the Reporting Persons is 53 Forest Avenue, Old Greenwich, CT 06870.

(c) Citizenship

Item 2 (c) Citizenship: i. EMG is a Delaware limited liability company ii. EMGH is a Delaware limited partnership iii. VC is a Delaware limited liability company and iv. Mr. Vranos is a citizen of the United States of America.

(d)Title of Class of Securities

Item 2. (d)Title of Class of Securities Common Stock, $0.0001 par value per share

(e) CUSIP No

Item 2. (e) CUSIP No.: 68376D104 CUSIP No. 68376D104 SCHEDULE 13G-A Page 7 of 11 Pages

If

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) o 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) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 68376D104 SCHEDULE 13G-A Page 8 of 11 Pages Item 4.Ownership Item 4(a). Amount Beneficially Owned: As of the date hereof, each of the Reporting Persons may be deemed the beneficial owner of 2,484,149 Shares. This amount consists of:(A) 1,048,863 Shares held for the account of CII; (B) 611,427 Shares held for the account of ECO; (C) 210,094 Shares held for the account of EMCM; (D) 487,538 Shares held for the account of EPO3M; and (E) 367,780 Shares held for the account of ESRV. Item 4(b). Percent of Class: As of the date hereof, each of the Reporting Persons may be deemed the beneficial owner of approximately 7.26% of Shares outstanding. (There were 34,230,170 Shares outstanding as of Novembe

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View this SC 13G/A filing on SEC EDGAR