Institutional Wasatch Reports 281,131-Share Position in CLMB (6.1%)
Rhea-AI Filing Summary
Wasatch Advisors LP reports beneficial ownership of 281,131 shares of Climb Global Solutions, representing 6.1% of the outstanding common stock. The firm discloses sole voting power over 268,296 shares and sole dispositive power over 281,131 shares. The statement classifies Wasatch as an investment adviser organized in Delaware and affirms the holdings are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. This Schedule 13G formally notifies the market of a material institutional stake above the 5% reporting threshold.
Positive
- Beneficial ownership disclosed: 281,131 shares, representing 6.1% of the common stock
- Sole voting power: 268,296 shares and sole dispositive power: 281,131 shares
- Holdings declared ordinary-course: Filing certifies shares are not held to change or influence control
Negative
- None.
Insights
TL;DR: Wasatch holds a material 6.1% beneficial stake with sole voting and dispositive power; filing states holdings are passive and ordinary-course.
Wasatch Advisors reports ownership of 281,131 shares (6.1%) of Climb Global with sole voting power over 268,296 shares, which establishes both economic exposure and near-full voting control of that position. The filer explicitly certifies the stake is held in the ordinary course and not to influence control, which reduces immediate governance risks. For market participants, the filing discloses a notable institutional position without an expressed activist intent.
TL;DR: Institutional disclosure signals a meaningful stake but the filer denies intent to seek control; governance implications depend on future actions.
The Schedule 13G identifies Wasatch Advisors LP as the reporting person and records sole dispositive authority for 281,131 shares and sole voting authority for 268,296 shares, representing 6.1% of the class. The certification that holdings are not for the purpose of changing control indicates a passive reporting status. From a governance perspective, the holder currently signals no change in board or control strategy, though the size of the position is large enough to be consequential if the holder's stance changes.