Blue Foundry Bancorp reports a passive 13G ownership disclosure by First Trust entities. The filing states that First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC collectively beneficially own 1,004,006 shares of common stock, representing 5.25% of the class as of March 31, 2026. The disclosure describes voting and dispositive power held by the reporting persons and notes the holdings are held on behalf of Client Accounts advised by FTCM.
Positive
None.
Negative
None.
Insights
Passive institutional holder reports a 5.25% stake (1,004,006 shares) as of March 31, 2026.
The filing shows that First Trust entities disclose collective beneficial ownership of 1,004,006 shares with sole voting and dispositive power noted. The stake is reported under a Schedule 13G classification, indicating a passive investment position rather than an activist intent.
Key dependencies include whether holdings are allocated across multiple client accounts and any future amendments if position size or intent changes; subsequent filings will reflect such changes.
Disclosure aligns with Rule 13d-1 for passive investors and clarifies control relationships among reporting entities.
The statement lists FTCM, FTCS, and FTCS Sub GP LLC as joint filing persons and explains FTCS and Sub GP may control FTCM though they hold no issuer stock for their own accounts. The filing attaches a Joint Filing Statement and is signed by an authorized officer.
Material follow-ups would be any amendment changing percent ownership or election of a different filing status; timing and content of such amendments will be reflected in future filings if applicable.
Key Figures
Shares beneficially owned:1,004,006 sharesPercent of class:5.25%Filing type:Schedule 13G+2 more
5 metrics
Shares beneficially owned1,004,006 sharesCollectively owned by First Trust entities as of March 31, 2026
Percent of class5.25%Percentage of outstanding common stock as reported in the Schedule 13G
Filing typeSchedule 13GPassive beneficial ownership disclosure under SEC rules
Reporting dateMarch 31, 2026Date to which ownership figures are reported
Signature date05/15/2026Date the Schedule 13G was signed by Chief Operating Officer
Key Terms
Schedule 13G, beneficially own/beneficial ownership, sole dispositive power
3 terms
Schedule 13Gregulatory
"collectively owned 1,004,006 shares of the outstanding Common Stock"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
beneficially own/beneficial ownershipfinancial
"may thus be deemed the beneficial owner of any shares of the Issuer's Common Stock"
sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 1004006.00"
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.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Blue Foundry Bancorp
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
09549B104
(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):
09549B104
1
Names of Reporting Persons
First Trust Capital Management L.P.
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
1,004,006.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,004,006.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,004,006.00
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)
5.25 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
09549B104
1
Names of Reporting Persons
First Trust Capital Solutions L.P.
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
1,004,006.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,004,006.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,004,006.00
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)
5.25 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP Number(s):
09549B104
1
Names of Reporting Persons
FTCS Sub 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
1,004,006.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,004,006.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,004,006.00
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)
5.25 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Blue Foundry Bancorp
(b)
Address of issuer's principal executive offices:
19 PARK AVENUE, RUTHERFORD, NJ, 07070
Item 2.
(a)
Name of person filing:
This Schedule 13G is being filed jointly by First Trust Capital Management L.P. ("FTCM"), First Trust Capital Solutions L.P. ("FTCS") and FTCS Sub GP LLC ("Sub GP").
(1) FTCM, an investment adviser registered with the SEC that provides investment advisory services to, among others, (i) series of Investment Managers Series Trust II, an investment company registered under the Investment Company Act of 1940, specifically First Trust Multi-Strategy Fund and First Trust Merger Arbitrage Fund and (ii) Highland Capital Management Institutional Fund II, LLC, a Delaware limited liability company (collectively, the "Client Accounts").
(2) FTCS, a Delaware limited partnership and control person of FTCM.
(3) Sub GP, a Delaware limited liability company and control person of FTCM.
Each of the persons identified herein is referred to as a "Reporting Person" and, collectively, as the "Reporting Persons." Each of the Reporting Persons is a party to that certain Joint Filing Statement attached hereto.
(b)
Address or principal business office or, if none, residence:
The principal business address of FTCM, FTCS and Sub GP is 225 W. Wacker Drive, 21st Floor, Chicago, IL 60606.
(c)
Citizenship:
United States
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP Number(s):
09549B104
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 investment adviser to the Client Accounts, FTCM has the authority to invest the funds of the Client Accounts in securities (including Common Stock of Blue Foundry Bancorp (the "Issuer")) as well as the authority to purchase, vote and dispose of securities, and may thus be deemed the beneficial owner of any shares of the Issuer's Common Stock held in the Client Accounts. As of March 31, 2026 FTCM, FTCS and Sub GP collectively owned 1,004,006 shares of the outstanding Common Stock of the Issuer.
FTCS and Sub GP may be deemed to control FTCM and therefore may be deemed to be beneficial owners of the Common Stock reported in this Schedule 13G. No one individual controls FTCS or Sub GP. FTCS and Sub GP do not own any Common Stock of the Issuer for their own accounts.
(b)
Percent of class:
FTCM, FTCS and Sub GP: 5.25%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
FTCM, FTCS and Sub GP: 1004006.00
(ii) Shared power to vote or to direct the vote:
FTCM, FTCS and Sub GP: 0
(iii) Sole power to dispose or to direct the disposition of:
FTCM, FTCS and Sub GP: 1004006.00
(iv) Shared power to dispose or to direct the disposition of:
FTCM, FTCS and Sub GP: 0
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.
See Item 4.
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 Item 2.
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.
What stake does First Trust report in Blue Foundry Bancorp (BLFY)?
First Trust reports collective beneficial ownership of 1,004,006 shares, equal to 5.25% of the class as of March 31, 2026. The shares are held for Client Accounts advised by First Trust Capital Management L.P., per the Schedule 13G filing.
Does the Schedule 13G filing indicate activist intent for BLFY?
No; the filing is a Schedule 13G, which indicates a passive investment position under applicable rules. It discloses voting and dispositive power but does not state any intention to influence management or propose changes.
Which entities jointly filed the ownership disclosure for BLFY?
The joint filing parties are First Trust Capital Management L.P., First Trust Capital Solutions L.P., and FTCS Sub GP LLC, with a shared principal business address in Chicago, IL, as stated in the filing.
What voting and disposition powers are reported by First Trust for BLFY shares?
The filing reports that the reporting persons have sole power to vote 1,004,006 shares and sole power to dispose of 1,004,006 shares, with no shared voting or dispositive power disclosed in the Schedule 13G.
Who signed the Schedule 13G for the First Trust reporting group?
The filing is signed by Chad Eisenberg, Chief Operating Officer, with signature dates shown as 05/15/2026 for the joint filing statement and related signatures.
