[SCHEDULE 13G/A] Blue Foundry Bancorp SEC Filing
Driehaus Capital Management LLC reports beneficial ownership of 400,997 shares of Blue Foundry Bancorp common stock, representing 1.87% of the class. The filing indicates shared voting and dispositive power over these shares (no sole voting or dispositive power) and states the securities are held in the ordinary course of business and not to influence control of the issuer. The filing identifies Blue Foundry Bancorp's principal office in Rutherford, New Jersey, and lists Driehaus address in Chicago, Illinois. The statement is signed by Janet McWilliams, General Counsel, dated 09/10/2025.
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Insights
TL;DR: Routine Schedule 13G/A reporting a sub-5% passive stake, limited immediate governance impact.
The filing discloses a 1.87% position held with shared voting and dispositive power, which under SEC rules typically indicates a passive investor or investment adviser reporting under Rule 13d-1(b). Because the stake is below 5%, there is no presumption of intent to influence control, and the certification reiterates ordinary-course holdings. For investors, this is a transparency event rather than a signal of strategic change; it neither alters board dynamics nor implies an imminent corporate action based on disclosed facts.
TL;DR: Disclosed ownership is material for record-keeping but unlikely to affect corporate governance given size and stated intent.
The report shows shared voting/dispositive power for 400,997 shares, suggesting the reporting entity exercises influence through pooled or advisory arrangements rather than unilateral control. The explicit certification that shares are not held to change control aligns with Schedule 13G reporting practices. From a governance perspective, this filing does not trigger heightened disclosure or change-of-control considerations based solely on the provided information.