[SCHEDULE 13G/A] Bank of New York Mellon Corp Amended Passive Investment Disclosure
BNY Mellon reports 41.8% stake in Genter Capital ETF
The Bank of New York Mellon Corporation reports beneficial ownership of 3,607,556 shares of Genter Capital Taxable Quality Intermediate ETF, representing 41.8% of the class.
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The Bank of New York Mellon Corporation reports beneficial ownership of 3,607,556 shares of Genter Capital Taxable Quality Intermediate ETF, representing 41.8% of the class. The filing attributes voting and dispositive roles across related entities (Bank of New York Mellon Corp, BNY Mellon IHC, MBC Investments Corp, BNY Mellon Advisors).
The cover data shows sole voting power 3,576,496 and shared dispositive power 3,607,556. The filing notes these securities are held in various fiduciary capacities and that no single third party holds over 5% of the class.
Insights
BNY Mellon reports a large fiduciary stake (41.8%) in the ETF across affiliates.
The filing lists 3,607,556 shares of beneficial ownership and shows voting/dispositive powers split among parent and subsidiaries. This reflects custody/fiduciary holdings rather than a single-party investment.
Watch future filings for any changes to voting power or identification of underlying beneficial owners; current disclosures state no other person holds more than 5%.
Key Figures
Beneficial ownership:3,607,556 sharesSole voting power:3,576,496 sharesPercent of class:41.8%
3 metrics
Beneficial ownership3,607,556 sharesDeclared beneficially owned in Schedule 13G/A
Sole voting power3,576,496 sharesReported sole voting power on cover entries
Percent of class41.8%Percentage of class reported on the cover page
Key Terms
beneficially owned, sole dispositive power, Schedule 13G/A
3 terms
beneficially ownedregulatory
"All of the securities are beneficially owned by The Bank of New York Mellon Corporation"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"7 | Sole Dispositive Power 0.00 8 | Shared Dispositive Power 3,607,556.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G/Aregulatory
"Item 1. | (a) | Name of issuer: Spinnaker ETF Series"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does BK report in Genter Capital Taxable Quality Intermediate ETF?
BNY Mellon reports beneficial ownership of 3,607,556 shares, representing 41.8% of the class. The filing shows voting and dispositive powers allocated among parent and subsidiaries and identifies holdings as held in fiduciary capacities.
How much voting power does The Bank of New York Mellon hold for this ETF?
The cover data shows sole voting power of 3,576,496 shares. Shared voting power is reported as zero while shared dispositive power equals the beneficial ownership figure of 3,607,556 shares, per the filing's cover entries.
Are these ETF shares owned by BNY Mellon personally or in a fiduciary role?
The filing states the securities are held in various fiduciary capacities by The Bank of New York Mellon Corporation and its subsidiaries. It explains other entities receive dividends or sale proceeds and no single third party holds over 5%.
Did the Schedule 13G/A identify any other person with over 5% ownership?
No. The filing explicitly states that, while other entities are entitled to dividends or sale proceeds, no one other person's interest exceeds 5% and the reported shares are attributable to BNY Mellon and affiliates in fiduciary roles.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 7)
Spinnaker ETF Series
(Name of Issuer)
Genter Capital Taxable Quality Intermediate ETF
(Title of Class of Securities)
84858T798
(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):
84858T798
1
Names of Reporting Persons
Bank of New York Mellon Corp
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
3,576,496.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,607,556.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,607,556.00
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)
41.8 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
84858T798
1
Names of Reporting Persons
BNY Mellon IHC, 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
3,576,496.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,607,556.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,607,556.00
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)
41.8 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
84858T798
1
Names of Reporting Persons
MBC Investments Corp
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
3,576,496.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,607,556.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,607,556.00
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)
41.8 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
84858T798
1
Names of Reporting Persons
BNY Mellon Advisors, Inc.
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
3,576,496.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,607,556.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,607,556.00
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)
41.8 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Spinnaker ETF Series
(b)
Address of issuer's principal executive offices:
116 SOUTH FRANKLIN STREET, ROCKY MOUNT, NORTH CAROLINA, 27802-0069.
Item 2.
(a)
Name of person filing:
The Bank of New York Mellon Corporation
(b)
Address or principal business office or, if none, residence:
240 Greenwich Street
New York, New York 10286
(c)
Citizenship:
See cover page
(d)
Title of class of securities:
Genter Capital Taxable Quality Intermediate ETF
(e)
CUSIP No.:
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:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
The filing of this Schedule 13G shall not be construed as an admission that The Bank of New York Mellon Corporation, or its direct or indirect subsidiaries, including The Bank of New York Mellon and BNY Mellon, National Association, are for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owners of any securities covered by this Schedule 13G.
(b)
Percent of class:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(ii) Shared power to vote or to direct the vote:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(iii) Sole power to dispose or to direct the disposition of:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
(iv) Shared power to dispose or to direct the disposition of:
See Item 5 through 9 and 11 of cover page(s) as to each reporting person.
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.
All of the securities are beneficially owned by The Bank of New York Mellon Corporation and its direct or indirect subsidiaries in their various fiduciary capacities. As a result, another entity in every instance is entitled to dividends or proceeds of sale.
No one other person's interest in the securities reported herein is more than 5%.
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.
See Exhibit I.
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.
