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BrightSpire Capital, Inc. Class A common stock is reported as being held by investment entities affiliated with Nut Tree Capital. As of June 30, 2026, Nut Tree Capital Management, LP, Nut Tree Capital Management GP, LLC, and Jared R. Nussbaum may be deemed the beneficial owners of 1,937,826 shares, representing approximately 1.5% of the outstanding Class A common stock. The shares are held by Nut Tree Master Fund, LP, for which Nut Tree Capital Management acts as investment adviser. The Reporting Persons have shared voting and dispositive power over 1,937,826 shares and no sole voting or dispositive power, and now report ownership of 5 percent or less of this class.
Key Figures
Beneficially owned shares:1,937,826 sharesOwnership percentage:1.5%Shares outstanding:126,789,991 shares+2 more
5 metrics
Beneficially owned shares1,937,826 sharesClass A common stock beneficially owned as of June 30, 2026
Ownership percentage1.5%Approximate percent of Class A shares outstanding as of June 30, 2026
Shares outstanding126,789,991 sharesClass A shares outstanding as of June 30, 2026 per issuer’s Form 10-Q
Shared voting power1,937,826 sharesShares over which Reporting Persons share voting power
Shared dispositive power1,937,826 sharesShares over which Reporting Persons share dispositive power
"each of the Reporting Persons may be deemed the beneficial owner of 1,937,826 Shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
shared voting powerfinancial
"Shared Voting Power 1,937,826.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 1,937,826.00"
Schedule 13Gregulatory
"Ownership of 5 percent or less of a class Item 6 | Ownership of more than 5 Percent"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership in BRSP is reported by Nut Tree Capital Management in this Schedule 13G/A?
Nut Tree-affiliated entities may be deemed to beneficially own 1,937,826 shares of BrightSpire Capital, Inc. Class A common stock, representing approximately 1.5% of the outstanding shares as of June 30, 2026.
What percentage of BrightSpire Capital (BRSP) shares is held according to this filing?
The Reporting Persons may be deemed to beneficially own approximately 1.5% of BrightSpire Capital’s Class A common stock, based on 126,789,991 shares outstanding as of June 30, 2026.
Who are the Reporting Persons in the BRSP Schedule 13G/A amendment?
The Reporting Persons are Nut Tree Capital Management, LP, Nut Tree Capital Management GP, LLC, and Jared R. Nussbaum. The shares are held by Nut Tree Master Fund, LP, advised by Nut Tree Capital Management.
How much voting power over BRSP shares do the Reporting Persons share?
The Reporting Persons report shared voting power over 1,937,826 shares and no sole voting power. They also have shared dispositive power over the same number of shares and no sole dispositive power.
What does the BRSP Schedule 13G/A say about ownership being under 5 percent?
The filing states that the Reporting Persons’ beneficial ownership is 5 percent or less of BrightSpire Capital’s Class A common stock, reflecting their approximately 1.5% ownership position as of June 30, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
BrightSpire Capital, Inc.
(Name of Issuer)
Class A common stock, par value $0.01 per share
(Title of Class of Securities)
10949T109
(CUSIP Number)
06/30/2026
(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):
10949T109
1
Names of Reporting Persons
Nut Tree Capital Management, 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
0.00
6
Shared Voting Power
1,937,826.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,937,826.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,937,826.00
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)
1.5 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
10949T109
1
Names of Reporting Persons
Nut Tree Capital Management 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
1,937,826.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,937,826.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,937,826.00
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)
1.5 %
12
Type of Reporting Person (See Instructions)
OO, HC
SCHEDULE 13G
CUSIP Number(s):
10949T109
1
Names of Reporting Persons
Jared R. Nussbaum
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
1,937,826.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,937,826.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,937,826.00
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)
1.5 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
BrightSpire Capital, Inc.
(b)
Address of issuer's principal executive offices:
590 Madison Avenue, 33rd Floor, New York, NY 10022
Item 2.
(a)
Name of person filing:
This Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"):
i) Nut Tree Capital Management, LP ("Nut Tree Capital Management");
ii) Nut Tree Capital Management GP, LLC ("Nut Tree Capital Management GP"); and
iii) Jared R. Nussbaum ("Mr. Nussbaum").
This Statement relates to Class A common stock, par value $0.01 per share (the "Shares"), held by Nut Tree Master Fund, LP ("Nut Tree Master Fund"). Nut Tree Capital Management serves as investment adviser to Nut Tree Master Fund. Nut Tree Capital Management GP serves as a general partner of Nut Tree Capital Management. Mr. Nussbaum serves as Chief Investment Officer and managing partner of Nut Tree Capital Management, and is the sole member of Nut Tree Capital Management GP.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is 55 Hudson Yards, 22nd Floor, New York, NY 10001.
(c)
Citizenship:
i) Nut Tree Capital Management is a Delaware limited partnership;
ii) Nut Tree Capital Management GP is a Delaware limited liability company; and
iii) Mr. Nussbaum is a citizen of the United States of America.
(d)
Title of class of securities:
Class A common stock, par value $0.01 per share
(e)
CUSIP No.:
10949T109
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 June 30, 2026, each of the Reporting Persons may be deemed the beneficial owner of 1,937,826 Shares held by Nut Tree Master Fund.
(b)
Percent of class:
As of June 30, 2026, each of the Reporting Persons may be deemed the beneficial owner of approximately 1.5% of the Shares outstanding. (There were approximately 126,789,991 Shares outstanding as of June 30, 2026, according to the Issuer's quarterly report on Form 10-Q, filed July 29, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,937,826
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
1,937,826
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.
See disclosure in Items 2 and 4 hereof.
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 disclosure in Item 2 hereof.
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.
Nut Tree Capital Management, LP
Signature:
/s/ Jared R. Nussbaum
Name/Title:
Jared R. Nussbaum, Chief Investment Officer and managing partner
