Greenhouse Reports 0% Ownership in AvidXchange (AVDX) Schedule 13G/A

AvidXchange Holdings, Inc. is the issuer referenced in this Schedule 13G/A for its common stock.

Rhea-AI Filing Summary

AvidXchange Holdings, Inc. is the issuer referenced in this Schedule 13G/A for its common stock. The filing lists three reporting persons — Greenhouse Funds LLLP, Greenhouse GP LLC and Joseph Milano — and states that each reporting person beneficially owns 0 shares (0%) of the class. The filing also explains that the reported securities are directly owned by advisory clients of Greenhouse Funds LLLP and that none of those clients are known to beneficially own more than 5% of the outstanding common stock.

The document includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer. Each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.

Insights

Securities Analyst

TL;DR: Reporting parties declare zero beneficial ownership and no controlling stake; this is a routine, non-impactful disclosure.

The Schedule 13G/A shows Greenhouse Funds LLLP, Greenhouse GP LLC and Joseph Milano each report 0 shares (0%) beneficial ownership of AvidXchange common stock. It notes the securities are held by advisory clients and that none exceed 5% of the class. From a market-impact perspective, this filing contains no ownership signal that would suggest activism or control interest; it is a compliance disclosure clarifying ownership status and the ordinary-course holding purpose.

Compliance/Risk Analyst

TL;DR: Disclosure confirms holdings are managed in the ordinary course and disclaims beneficial ownership, reducing regulatory risk of control claims.

The filing explicitly states the securities reported are held for advisory clients and that none of those clients are known to own more than 5% of the outstanding shares. The document also contains a certification that holdings were not acquired to influence control, and a disclaimer of beneficial ownership by the reporting persons. These statements align with routine Rule 13G disclosure requirements and indicate limited regulatory or governance implications.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who filed the Schedule 13G/A for AVDX?

The filers are Greenhouse Funds LLLP, Greenhouse GP LLC and Joseph Milano.

How many AvidXchange (AVDX) shares do the reporting persons beneficially own?

Each reporting person reports 0 shares, representing 0% of the class.

Are the reported securities owned directly by the reporting persons?

No. The filing states the securities are directly owned by advisory clients of Greenhouse Funds LLLP.

Do any advisory clients hold more than 5% of AVDX according to this filing?

No. The filing states that none of those advisory clients are known to beneficially own more than 5% of the common stock.

Was the position acquired to influence control of AvidXchange?

The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/13/2025 - 12:56 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

AvidXchange Holdings, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

05368X102

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 05368X102

1

Names of Reporting Persons

Greenhouse Funds LLLP

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 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP No. 05368X102

1

Names of Reporting Persons

Greenhouse GP 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP No. 05368X102

1

Names of Reporting Persons

Joseph Milano

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

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)

0 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: AvidXchange Holdings, Inc.
(b)	Address of issuer's principal executive offices: 1210 AvidXchange Lane, Charlotte, North Carolina 28206
Item 2.
(a)	Name of person filing: Greenhouse Funds LLLP Greenhouse GP LLC Joseph Milano
(b)	Address or principal business office or, if none, residence: Greenhouse Funds LLLP 605 S. Eden St. Suite 250 Baltimore, MD 21231 Greenhouse GP LLC 605 S. Eden St. Suite 250 Baltimore, MD 21231 Joseph Milano 605 S. Eden St. Suite 250 Baltimore, MD 21231
(c)	Citizenship: Greenhouse Funds LLLP - Delaware Greenhouse GP LLC - Delaware Joseph Milano - United States
(d)	Title of class of securities: Common Stock, $0.001 par value per share
(e)	CUSIP No.: 05368X102
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: Greenhouse Funds LLLP - 0 Greenhouse GP LLC - 0 Joseph Milano - 0
(b)	Percent of class: Greenhouse Funds LLLP - 0% Greenhouse GP LLC - 0% Joseph Milano - 0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Greenhouse Funds LLLP - 0 Greenhouse GP LLC - 0 Joseph Milano - 0
	(ii) Shared power to vote or to direct the vote: Greenhouse Funds LLLP - 0 Greenhouse GP LLC - 0 Joseph Milano - 0
	(iii) Sole power to dispose or to direct the disposition of: Greenhouse Funds LLLP - 0 Greenhouse GP LLC - 0 Joseph Milano - 0
	(iv) Shared power to dispose or to direct the disposition of: Greenhouse Funds LLLP - 0 Greenhouse GP LLC - 0 Joseph Milano - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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. All of the securities reported in this Schedule 13G are directly owned by advisory clients of Greenhouse Funds LLLP. None of those advisory clients may be deemed to beneficially own more than 5% of the Common Stock, $0.001 par value per share.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Please see Exhibit B attached hereto.
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.

Greenhouse Funds LLLP

Signature:	By: /s/ Joseph Milano*
Name/Title:	Joseph Milano / Authorized Person of the general partner
Date:	08/13/2025

Greenhouse GP LLC

Signature:	By: /s/ Joseph Milano*
Name/Title:	Joseph Milano / Authorized Person
Date:	08/13/2025

Joseph Milano

Signature:	By: /s/ Joseph Milano*
Name/Title:	Joseph Milano
Date:	08/13/2025

Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.

Exhibit Information

Exhibit A - Joint Filing Agreement Exhibit B - Control Person Identification