Acadia Healthcare investor group led by Khrom Investments reports beneficial ownership of 5,201,533 shares, representing 5.66% of outstanding common stock as of March 31, 2026. The filing states Khrom Investments directly holds 5,194,625 shares and Eric Khrom directly holds 6,928 shares.
The disclosure explains voting and dispositive power: Khrom Capital exercises shared voting and dispositive power over the shares held by Khrom Investments, and Mr. Khrom may be deemed to share those powers through affiliated entities; Mr. Khrom disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
None.
Negative
None.
Insights
Khrom group discloses a >5% stake with affiliated voting arrangements.
The filing documents an aggregate position of 5,201,533 shares (approximately 5.66%) as of March 31, 2026, with 5,194,625 shares held directly by Khrom Investments. The text attributes shared voting and dispositive power to Khrom Capital regarding those shares.
This structure is typical for investment-manager relationships; subsequent filings could clarify any changes in ownership percentages or voting arrangements when transactions occur.
Disclosure meets Section 13 requirements and signals a passive ownership report.
The Schedule 13G/A amendment reports beneficial ownership and includes the issuer's outstanding share count reference from the issuer's Form 10-Q. It clarifies direct holdings, shared powers, and a disclaimer by Mr. Khrom.
Material investor implications depend on future transactions; this amendment itself is informational and does not state plans to buy or sell.
Key Figures
Aggregate beneficial ownership:5,201,533 sharesPercent of class:5.66%Khrom Investments direct holdings:5,194,625 shares+1 more
4 metrics
Aggregate beneficial ownership5,201,533 sharesAs of March 31, 2026
Percent of class5.66%Based on 91,967,027 outstanding shares (issuer Form 10-Q)
Khrom Investments direct holdings5,194,625 sharesDirect beneficial owner per filing
Eric Khrom direct holdings6,928 sharesDirect beneficial owner per filing
Key Terms
beneficially own, sole voting power / shared voting power, Schedule 13G/A
3 terms
beneficially ownregulatory
"As of March 31, 2026, the Reporting Persons may be deemed to beneficially own in the aggregate 5,201,533 Shares."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
sole voting power / shared voting powerregulatory
"Sole Voting Power 5,194,625.00 6 | Shared Voting Power 0.00"
Schedule 13G/Aregulatory
"This is being filed on behalf of each of the following persons (collectively, the "Reporting Persons")"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
What stake does Khrom report in Acadia Healthcare (ACHC)?
The Khrom group reports beneficial ownership of 5,201,533 shares, equal to 5.66% of outstanding shares. The figure is stated as of March 31, 2026 and is based on the issuer's outstanding share count in its Form 10-Q.
How many shares does Khrom Investments directly hold in ACHC?
Khrom Investments directly holds 5,194,625 shares. The Schedule 13G/A lists this as the direct beneficial ownership held by Khrom Investments in the issuer.
What role does Khrom Capital have over the reported shares?
Khrom Capital has shared voting and dispositive power over the shares directly owned by Khrom Investments, as stated in the filing, reflecting its management role over those accounts.
Does Eric Khrom personally claim ownership of all reported shares?
Eric Khrom is reported as owning 6,928 shares directly and may be deemed to share power over Khrom Investments' holdings through affiliated entities; he expressly disclaims beneficial ownership except for any pecuniary interest.
What share count did Acadia report for outstanding shares used in the percentage?
The filing uses 91,967,027 outstanding shares as reported in the issuer's Form 10-Q, which the Schedule 13G/A cites to calculate the 5.66% ownership percentage.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Acadia Healthcare Company, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
00404A109
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
00404A109
1
Names of Reporting Persons
Khrom Investments Fund, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
5,194,625.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
5,194,625.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,194,625.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.65 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
00404A109
1
Names of Reporting Persons
Khrom Capital Management LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,194,625.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,194,625.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,194,625.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.65 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
00404A109
1
Names of Reporting Persons
Eric Khrom
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
FLORIDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
6,928.00
6
Shared Voting Power
5,194,625.00
7
Sole Dispositive Power
6,928.00
8
Shared Dispositive Power
5,194,625.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,201,533.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.66 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Acadia Healthcare Company, Inc.
(b)
Address of issuer's principal executive offices:
6100 TOWER CIRCLE, SUITE 1000, FRANKLIN, TN, US, 37067
Item 2.
(a)
Name of person filing:
This Schedule 13G is being filed on behalf of each of the following persons (collectively, the
"Reporting Persons"): (i) Khrom Investments Fund, LP ("Khrom Investments"); (ii) Khrom Capital
Management LLC ("Khrom Capital"); and (iii) Mr. Eric Khrom.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is c/o Khrom Capital
Management LLC, 1691 Michigan Ave, Suite 240, Miami, FL 33139.
(c)
Citizenship:
Khrom Investments is a Delaware limited partnership. Khrom Capital is a New York limited liability
company. Mr. Khrom is a resident of Florida.
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP No.:
00404A109
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 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). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of March 31, 2026, the Reporting Persons may be deemed to beneficially own in the aggregate
5,201,533 Shares.
(b)
Percent of class:
As of March 31, 2026, the Reporting Persons may be deemed to beneficially own in the aggregate
5,201,533 Shares, representing approximately 5.66% of the Issuer's outstanding Shares (based on
91,967,027 outstanding Shares as of April 28, 2026, as set forth in the Issuer's Annual Report on
Form 10-Q filed with the SEC on April 30, 2026).
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information set forth on the cover pages hereto and Item 4(a) is hereby incorporated in its
entirety herein. Khrom Investments is the direct beneficial owner of 5,194,625 Shares and Mr. Khrom
is the direct beneficial owner of 6,928 Shares. The Shares reported as beneficially owned by Khrom
Capital reflect the Shares that are directly beneficially owned by its affiliate, Khrom Investments, as
Khrom Capital has the power to vote or direct the vote of (and the power to dispose or direct the
disposition of) such Shares. Mr. Khrom is the sole member of Khrom Capital GP, LLC, which is the
general partner of Khrom Investments. Mr. Khrom in his capacity as the managing member of Khrom
Capital and as the sole member of Khrom Capital GP, LLC may be deemed to share the power to
vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Shares
directly beneficially owned by Khrom Investments and, accordingly, Mr. Khrom may be deemed to be
the beneficial owner of such Shares. Mr. Khrom disclaims beneficial ownership of the Shares directly
held by Khrom Investments except to the extent of any pecuniary interest therein.
(ii) Shared power to vote or to direct the vote:
The information set forth on the cover pages hereto and Item 4(a) is hereby incorporated in its
entirety herein.
(iii) Sole power to dispose or to direct the disposition of:
The information set forth on the cover pages hereto and Item 4(a) is hereby incorporated in its
entirety herein.
(iv) Shared power to dispose or to direct the disposition of:
The information set forth on the cover pages hereto and Item 4(a) is hereby incorporated in its
entirety herein.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
No other person is known to the Reporting Persons to have the right to receive or the power to direct
the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this Schedule
13G, except that dividends from, and proceeds from the sale of, the Shares held by the accounts
managed by Khrom Capital, including the Shares that are directly beneficially owned by Khrom
Investments, may be delivered to such accounts.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
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 my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
