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Renaissance Technologies Discloses 614,117-Share Position in CULP (4.89%)

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation report beneficial ownership of 614,117 shares of Culp, Inc., representing 4.89% of the company’s outstanding common stock. The filing states the reporting persons have sole voting and sole dispositive power over these shares and discloses that certain funds managed by Renaissance have the right to receive dividends or proceeds from sale of the securities. The Schedule 13G filing affirms the position was acquired and is held in the ordinary course of business and not for the purpose of changing or influencing control. The document also lists Culp’s principal executive office in High Point, North Carolina.

Positive

  • None.

Negative

  • None.

Insights

TL;DR Renaissance reports a non-control 4.89% stake (614,117 shares) in Culp, disclosed on Schedule 13G.

The reported 4.89% holding is explicitly below the 5% threshold that commonly signals a larger, potentially active stake, and the filing is on Schedule 13G which indicates a passive investment profile under the rules cited. The reporting persons state sole voting and dispositive power over the shares, which is important for understanding who can exercise shareholder rights even though the filing asserts the stake is held in the ordinary course and not to influence control. For investors, this is disclosure of a notable minority position by a large quantitative manager but does not indicate a change in control or an activist intent per the certification included.

TL;DR A Schedule 13G showing 4.89% ownership signals passive disclosure; sole voting power is noted but no control intent is asserted.

The filing formally documents beneficial ownership and governance rights: sole voting and dispositive authority are recorded, yet the certification states the shares are held in the ordinary course and not to influence control. From a governance perspective, the combination of sole voting power and an explicit passive declaration is routine for institutional holders that centrally manage client or pooled funds. The disclosure improves transparency around voting authority and dividend/proceeds rights for Culp shareholders.






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)






SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



Renaissance Technologies LLC
Signature:Brian Felczak
Name/Title:Chief Financial Officer
Date:08/13/2025
Renaissance Technologies Holdings Corporation
Signature:Brian Felczak
Name/Title:Vice President
Date:08/13/2025
Exhibit Information

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, each of the undersigned agrees to the filing on behalf of each of a Statement on Schedule 13G, and all amendments thereto, with respect to the shares of Common Stock, par value $.05/ share of CULP, INC.

FAQ

How many CULP shares does Renaissance Technologies report owning?

The filing reports 614,117 shares of Culp, Inc.

What percentage of Culp (CULP) does Renaissance own according to this filing?

The reported stake is 4.89% of Culp’s common stock.

Does Renaissance have voting control over the reported CULP shares?

Yes; the filing states Renaissance has sole voting power and sole dispositive power over the 614,117 shares.

Is the ownership reported as intended to influence control of Culp?

No; the Schedule 13G includes a certification that the securities are held in the ordinary course of business and not to change or influence control.

Which entities filed the Schedule 13G for CULP?

The filing was made by Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation.
Culp Inc

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Textile Manufacturing
Broadwoven Fabric Mills, Cotton
Link
United States
HIGH POINT