Burford Capital: Conifer reports 9.4% stake

Available on EDGAR 11/13/2026 - 05:30 PM EST Accepted by SEC EDGAR 11/13/2026 - 05:30 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Burford Capital Ltd (BUR) was the subject of an amended ownership report in which Conifer Management, L.L.C. reported beneficial ownership of 20,672,600 ordinary shares, or 9.4% of the class, as of September 30, 2026. The reporting person disclaimed beneficial ownership except to the extent of its pecuniary interest.

Key Figures

Beneficially owned shares: 20,672,600 shares Percent of class: 9.4%

2 metrics

Beneficially owned shares 20,672,600 shares Burford Capital Ltd ordinary shares reported as of September 30, 2026

Percent of class 9.4% Conifer Management, L.L.C.'s reported beneficial ownership

Key Terms

beneficial ownership, sole voting power, sole dispositive power

3 terms

beneficial ownership regulatory

"reported beneficial ownership of 20,672,600 ordinary shares"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

sole voting power regulatory

"Sole voting power 20,672,600"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power regulatory

"Sole dispositive power 20,672,600"

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.

FAQ

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

How many BUR shares did Conifer Management report?

Conifer Management, L.L.C. reported beneficial ownership of 20,672,600 Burford Capital Ltd ordinary shares, equal to 9.4% of the class. The reported event date is September 30, 2026.

Did Conifer Management report voting power over BUR shares?

Yes. It reported sole voting power and sole dispositive power over 20,672,600 shares, with zero shared voting or dispositive power. The reporting person disclaimed beneficial ownership except to the extent of its pecuniary interest.

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

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Burford Capital Ltd

(Name of Issuer)

Ordinary shares, no par value

(Title of Class of Securities)

G17977110

(CUSIP Number)

09/30/2026

(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): G17977110

1

Names of Reporting Persons

Conifer Management, L.L.C.

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 20,672,600.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 20,672,600.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

20,672,600.00

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)

9.4 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Burford Capital Ltd
(b)	Address of issuer's principal executive offices: Oak House, Hirzel Street, St. Peter Port, Guernsey GY1 2NP
Item 2.
(a)	Name of person filing: Conifer Management, L.L.C.
(b)	Address or principal business office or, if none, residence: 45 ROCKEFELLER PLAZA, 34TH FLOOR NEW YORK, NY, 10111
(c)	Citizenship: Delaware
(d)	Title of class of securities: Ordinary shares, no par value
(e)	CUSIP No.: G17977110
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: 20,672,600
(b)	Percent of class: 9.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 20,672,600
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 20,672,600
	(iv) Shared power to dispose or to direct the disposition of: 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.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
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.

Conifer Management, L.L.C.

Signature:	By: /s/ Gregory Alexander
Name/Title:	Gregory Alexander, Managing Member
Date:	11/13/2026

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.