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Criteo S.A. Schedule 13G reporting passive ownership positions as of 03/31/2026 by BlueCrest and related reporting persons. The Investment Manager and Michael Platt each report 2,260,000 ADS (representing 4.53% of the class). Several BlueCrest portfolio managers report smaller direct holdings.
The filing lists sole voting and dispositive power for each reporting person over their reported ADS balances and states the Fund holds the economic interest for the Investment Manager.
Insights
BlueCrest discloses a passive 4.53% stake via an investment manager.
BlueCrest Capital Management Limited and Michael Platt each report beneficial ownership of 2,260,000 ADSs, equal to 4.53% of the class as stated in Item 4. The filing classifies this position under Schedule 13G indicating a passive intent.
Key dependencies include the Fund's ongoing ownership and any future updates; subsequent filings would show changes in percentage or beneficial owner status.
Filing attributes sole voting and dispositive powers to the reporting persons over their stated ADSs.
The statement specifies sole voting power and sole dispositive power for each reported holder (e.g., 2,260,000 for the Investment Manager and Mr. Platt; 115,000, 150,605, 130,000 for the other managers). Item 6 notes the Fund holds dividend/proceeds rights for amounts held on its behalf.
Watch for any future amendments converting 13G to 13D or reporting changes in voting/dispositive arrangements in later filings.
Key Figures
BlueCrest / Platt ownership:2,260,000 ADSOwnership percentage:4.53%Joseph Walkush holding:115,000 ADS+2 more
5 metrics
BlueCrest / Platt ownership2,260,000 ADSreported beneficially owned as of <date>03/31/2026</date>
Ownership percentage4.53%percent of class for Investment Manager and Michael Platt
Joseph Walkush holding115,000 ADSbeneficially owned and sole voting/dispositive power
Costin Bontas holding150,605 ADSbeneficially owned and sole voting/dispositive power
Eric Dong holding130,000 ADSbeneficially owned and sole voting/dispositive power
Key Terms
American Depositary Shares (ADSs), Schedule 13G, Sole dispositive power, Beneficially owned
4 terms
American Depositary Shares (ADSs)market
"American Depositary Shares (ADSs), each representing one ordinary share"
A U.S.-listed certificate that stands for a specific number of shares in a non‑U.S. company held by a U.S. bank, making the foreign stock tradable on American exchanges in dollars. Think of it like a local voucher that represents ownership of an overseas product — it lets U.S. investors buy and sell foreign companies without handling foreign currency or foreign brokerage accounts, but it can affect dividends, voting rights, fees, liquidity and exposure to currency and regulatory differences.
Schedule 13Gregulatory
"This statement is filed by: ... Schedule 13G"
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.
Sole dispositive powerregulatory
"Sole Dispositive Power 2,260,000.00"
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.
Beneficially ownedregulatory
"Amount beneficially owned: The Investment Manager and Mr. Platt beneficially own 2,260,000 ADS"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake does BlueCrest report in CRTO (Criteo) on 03/31/2026?
BlueCrest reports 2,260,000 ADS representing 4.53% of the class. The Schedule 13G lists sole voting and dispositive power for the Investment Manager and Michael Platt over these ADSs.
Who besides BlueCrest reported holdings in this Schedule 13G for CRTO?
Three BlueCrest portfolio managers reported direct ADS holdings: Joseph Walkush 115,000, Costin Bontas 150,605, and Eric Dong 130,000. Each is shown with sole voting and dispositive power over their respective balances.
Does the filing indicate active control or passive intent for BlueCrest's position in CRTO?
The filing is submitted on Schedule 13G, which indicates a passive intent classification. Item disclosures list the Investment Manager and Mr. Platt as beneficial owners with voting and dispositive power but do not assert active control measures.
Who holds the economic interest in the ADSs reported by BlueCrest for CRTO?
The filing states the ADSs reported by the Investment Manager relate to the Fund (BSMA Limited), which is known to have the right to receive dividends or proceeds on these ordinary shares held for its account.
What voting and disposition powers are reported for the CRTO ADSs?
Each reporting person is shown with sole voting power and sole dispositive power over their listed ADSs (for example, 2,260,000 for BlueCrest and Mr. Platt). Shared powers are reported as zero.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Criteo S.A.
(Name of Issuer)
American Depositary Shares (ADSs), each representing one ordinary share, nominal value 0.025 per share.
(Title of Class of Securities)
226718104
(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):
226718104
1
Names of Reporting Persons
BlueCrest Capital Management Ltd
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
JERSEY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,260,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,260,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,260,000.00
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)
4.5 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
226718104
1
Names of Reporting Persons
Platt Michael Edward
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 KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,260,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
2,260,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,260,000.00
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)
4.5 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
226718104
1
Names of Reporting Persons
Joseph Walkush
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
115,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
115,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
115,000.00
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)
0.2 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
226718104
1
Names of Reporting Persons
Costin Bontas
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
150,605.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
150,605.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
150,605.00
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)
0.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
226718104
1
Names of Reporting Persons
Eric Dong
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
130,000.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
130,000.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
130,000.00
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)
0.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Criteo S.A.
(b)
Address of issuer's principal executive offices:
32 RUE BLANCHE, PARIS, FRANCE, 75009.
Item 2.
(a)
Name of person filing:
This statement is filed by:
i. BlueCrest Capital Management Limited (the "Investment Manager"), which serves as investment manager to BSMA Limited, a Cayman Islands exempted company (the "Fund"); and
ii. Michael Platt ("Mr. Platt"), who serves as principal, director, and control person of the Investment Manager; and
with respect to the ADR (as defined herein) held for the account of the Fund. BlueCrest Capital Management (New York) LP acts as sub-investment manager of the Fund, and reports to the Investment Manager.
This statement is also filed by:
i. Joseph Walkush, who serves as Senior Portfolio Manager for BlueCrest Capital Management (New York) LP; and
ii. Costin Bontas, who serves as Senior Portfolio Manager for BlueCrest Capital Management (New York) LP; and
iii. Eric Dong, who serves as Senior Portfolio Manager for BlueCrest Capital Management (New York) LP.
with respect to the ADR (as defined herein) held in accounts in each of their own name.
(b)
Address or principal business office or, if none, residence:
The address of the business office of the Investment Manager and Mr. Platt is:
Ground Floor
Harbour Reach, La Rue de Carteret
St Helier
Jersey
Channel Islands
JE2 4HR
The address of the business office of each of Messrs. Walkush, Bontas and Dong is:
601 Brickell Key Drive
Suite 1050
Miami, FL 33131
(c)
Citizenship:
The Investment Manager is a company organized under the laws of Jersey, Channel Islands, operating solely out of Jersey, Channel Islands. Mr. Platt is a citizen of the United Kingdom. Each of Messrs. Walkush, Bontas and Dong is a citizen of the United States.
(d)
Title of class of securities:
American Depositary Shares (ADSs), each representing one ordinary share, nominal value 0.025 per share.
(e)
CUSIP Number(s):
226718104
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:
The Investment Manager and Mr. Platt beneficially own 2,260,000 ADS.
Mr. Walkush beneficially owns 115,000 ADS.
Mr. Bontas beneficially owns 150, 605 ADS
Mr. Dong beneficially owns 130,000 ADS.
(b)
Percent of class:
Investment Manager: 4.53%
Mr. Platt: 4.53%
Mr. Walkush: 0.23%
Mr. Bontas: 0.30%
Mr. Dong: 0.26%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Investment Manager: 2,260,000
Mr. Platt: 2,260,000
Mr. Walkush: 115,000
Mr. Bontas: 150,605
Mr. Dong: 130,000
(ii) Shared power to vote or to direct the vote:
Each of the Reporting Persons has shared power to vote or direct the vote of 0 shares of Common Stock.
(iii) Sole power to dispose or to direct the disposition of:
Investment Manager: 2,260,000
Mr. Platt: 2,260,000
Mr. Walkush: 115,000
Mr. Bontas: 150,605
Mr. Dong: 130,000
(iv) Shared power to dispose or to direct the disposition of:
Each of the Reporting Persons has shared power to vote or direct the vote of 0 shares of Common Stock.
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 disclosure in Items 2 and 4 hereof. The Fund 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, the ordinary shares covered by the Statement that may be deemed to be beneficially owned by the Reporting Persons.
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:
Not Applicable
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.
