Senvest Management Cuts Stake in Capri Holdings (CPRI)

TL;DR

**Senvest Management just dumped a chunk of their Capri Holdings (CPRI) shares.**

AI Summary

Senvest Management, LLC, an investment advisor, filed an amended SC 13G/A on February 9, 2024, indicating a change in their ownership of Capri Holdings Ltd (CPRI) ordinary shares as of December 31, 2023. This filing, an amendment to a previous disclosure, signals that Senvest Management, LLC no longer holds a reportable stake above 5% in Capri Holdings Ltd. This matters to investors because a significant institutional investor has reduced its position, potentially signaling a loss of confidence or a strategic portfolio reallocation, which could influence other investors' perceptions of CPRI.

Why It Matters

This filing shows a major institutional investor, Senvest Management, LLC, has reduced its ownership in Capri Holdings Ltd, which could be interpreted as a bearish signal by the market.

Risk Assessment

Risk Level: medium — A large institutional investor reducing its stake can create selling pressure or signal underlying concerns about the company's future performance.

Analyst Insight

Investors should investigate why Senvest Management, LLC reduced its stake in Capri Holdings Ltd and consider if those reasons align with their own investment thesis before making any decisions.

Key Players & Entities

• Senvest Management, LLC (company) — the reporting person and investment advisor that reduced its stake in Capri Holdings Ltd
• Capri Holdings Ltd (company) — the subject company whose ordinary shares were reported on
• December 31, 2023 (date) — the date of the event requiring the filing of this statement
• February 9, 2024 (date) — the filing date of the SC 13G/A amendment

Forward-Looking Statements

• Other institutional investors may re-evaluate their positions in Capri Holdings Ltd following Senvest Management's reduction. (Capri Holdings Ltd) — medium confidence, target: Q1 2024

FAQ

Filing Documents

• p24-0210sc13ga.htm (SC 13G/A) — 56KB
• 0000902664-24-001376.txt ( ) — 57KB

(a)

Item 1(a). Name of Issuer. Capri Holdings Limited (the " Issuer ")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices. 90 Whitfield Street, 2nd Floor London, United Kingdom W1T 4EZ

(a)

Item 2(a). Name of Person Filing. This statement is filed by Senvest Management, LLC and Richard Mashaal. The reported securities were held in the account of Senvest Master Fund, LP (the " Investment Vehicle "). Senvest Management, LLC may have been deemed to beneficially own the securities held by the Investment Vehicle by virtue of Senvest Management, LLC's position as investment manager of the Investment Vehicle. Mr. Mashaal may have been deemed to beneficially own the securities held by the Investment Vehicle by virtue of Mr. Mashaal's status as the managing member of Senvest Management, LLC. None of the foregoing should be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.

(b)

Item 2(b). Address of Principal Business Office. Senvest Management, LLC 540 Madison Avenue, 32 nd Floor New York, New York 10022 Richard Mashaal c/o Senvest Management, LLC 540 Madison Avenue, 32 nd Floor New York, New York 10022

(c)

Item 2(c). Place of Organization. Senvest Management, LLC – Delaware Richard Mashaal – Canada

(d)

Item 2(d). Title of Class of Securities. Ordinary Shares, no par value per share

(e)

Item 2(e). CUSIP Number. G1890L107 CUSIP No. G1890L107 13G/A Page 5 of 7 Pages 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 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 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 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 Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Ownership. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. 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 Persons have ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following: ý Item 6. Ownership of More Than Fi