A.L. Sarroff Fund Discloses 5.0% Stake in PetVivo Holdings

TL;DR

**A.L. Sarroff Fund now owns 5.0% of PetVivo (PETV) common stock.**

AI Summary

A.L. Sarroff Fund, LLC, a New York-based investment fund, filed an amended SC 13G/A on January 18, 2024, disclosing its beneficial ownership in PetVivo Holdings, Inc. (NASDAQ: PETV). As of December 6, 2023, the fund holds 1,695,022 shares of common stock, representing 5.0% of PetVivo's outstanding shares. This filing indicates a significant, but not controlling, stake, which could signal confidence in PetVivo's future or simply be a passive investment, but it's important for investors to know who holds large positions.

Why It Matters

This filing shows a notable institutional investor, A.L. Sarroff Fund, LLC, has a 5.0% stake in PetVivo Holdings, Inc., which can influence stock perception and potentially provide a floor for the stock price due to a large holder's interest.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a fund, not an activist stake, and does not inherently introduce new risks to the company.

Analyst Insight

Investors should note the presence of a significant institutional holder, A.L. Sarroff Fund, LLC, with a 5.0% stake in PetVivo Holdings, Inc. This could be a positive signal of institutional interest, but it's a passive stake, so no immediate activist actions are expected. Monitor future 13G/A filings for changes in their position.

Key Numbers

• 1,695,022 — Shares Beneficially Owned (The total number of common stock shares of PetVivo Holdings, Inc. held by A.L. Sarroff Fund, LLC.)
• 5.0% — Percentage of Class (The percentage of PetVivo Holdings, Inc.'s common stock beneficially owned by A.L. Sarroff Fund, LLC.)
• December 6, 2023 — Date of Event (The date that triggered the requirement for this Schedule 13G/A filing.)
• January 18, 2024 — Filing Date (The date this amended SC 13G/A was filed with the SEC.)

Key Players & Entities

• A.L. Sarroff Fund, LLC (company) — the reporting person and beneficial owner of PetVivo shares
• PetVivo Holdings, Inc. (company) — the subject company whose securities are being reported
• United States (place) — place of organization for A.L. Sarroff Fund, LLC
• NASDAQ: PETV (ticker) — stock exchange and ticker symbol for PetVivo Holdings, Inc.

Forward-Looking Statements

• A.L. Sarroff Fund, LLC will maintain its passive investment in PetVivo Holdings, Inc. for the foreseeable future. (A.L. Sarroff Fund, LLC) — high confidence, target: Q3 2024

FAQ

Filing Documents

• sc13ga1.htm (SC 13G/A) — 74KB
• 0001099910-24-000042.txt ( ) — 75KB

From the Filing

SC 13G/A 1 sc13ga1.htm AMENDMENT NO. 1 UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* PetVivo Holdings, Inc. (Name of Issuer) Common Stock, (Nasdaq: PETV) (Title of Class of Securities) 716817408 (CUSIP Number) December 6, 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) 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 classof securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior coverpage. 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). CUSIP No. 716817408 SC 13G Page 2 of 5 Pages 1 NAME OF REPORTING PERSON A.L. Sarroff Fund, LLC [1] 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,695,022 common stock [2] 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 1,695,022 common stock [2] 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,695,022 common stock [2] 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 12.22% [3] 12 TYPE OF REPORTING PERSON PN [4] [1] A.L. Sarroff Fund, LLC (the "Company") is a New York Limited Liability Company (LLC) whose two individual members own, respectively, 90% and 10% of the Company's membership interests. The securities reported in this Schedule 13G were acquired primarily in accounts in the name of the Company and partly in accounts in the names of the two individual members. [2] In addition to the common shares reported in this Schedule 13G, the Company owns and/or controls 1,277,779 Warrants of the issuer, none of which is exercisable until February 11, 2024, i.e., six months rather than sixty days from the date of their acquisition. Pursuant to SEC Rule 13d-3(d) (1), these Warrants are therefore not included in the Company's aggregate shareholdings for purposes of this Schedule G. [3] According to the issuer's latest Form 10-Q, dated September 30, 2023, there were 13,841,731 outstanding common shares as of December 6, 2023. The common shares owned and/or controlled by the Company as of December 6, 2023 totaled 12.22% of the common shares outstanding. [4] This filing is made in reliance upon SEC Rule 13d-1(c). The Company, (a) has not acquired the securities with any purpose, or with the effect, of changing or influencing the control of the issuer, or in connection with or as a participant in any transaction having that purpose or effect, including any transaction subject to Rule 13d-3(b); (b) is not a person reporting pursuant to SEC Rule 13d-1(b)(1); and (c) is not directly or indirectly the beneficial owner of 20 percent of more of the class. CUSIP No. 716817408 SC 13G Page 3 of 5 Pages Item 1(a). NAME OF ISSUER: The name of the issuer is PetVivo Holdings, Inc. Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 5251 Edina Industrial Blvd., Edina, Minnesota, 55349. Item 2(a). NAME OF PERSON FILING: A.L. Sarroff Fund, LLC . Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 43 Meadow Woods Road, Great Neck, NY 11020 Item 2(c). CITIZENSHIP: United Item 2(d). TITLE OF CLASS OF SECURITIES: Common stock. Item 2(e). CUSIP NUMBER: 716817408 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 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 §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 exclu

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