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Gabelli group holds 4.03% of Crimson Wine (CWGL) through adviser entities

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Crimson Wine Group, Ltd. is the subject of an amended Schedule 13D filing by a group of Gabelli-affiliated investment entities. They report beneficial ownership of 829,200 shares of Crimson Wine common stock, representing 4.03% of the 20,586,027 shares outstanding as reported in the Form 10-Q for the period ended March 31, 2026.

The stake is held through investment advisers GAMCO Asset Management Inc. with 364,200 shares, Gabelli Funds LLC with 275,000 shares, and Teton Advisors, LLC with 190,000 shares, all with sole voting and dispositive power over their respective positions. The group notes it files the long-form Schedule 13D to support regular communications with company management and confirms it has been below the 5% ownership threshold since March 18, 2021.

Positive

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Negative

  • None.
Beneficial ownership 829,200 shares Aggregate Crimson Wine shares reported by Gabelli group
Ownership percentage 4.03% Portion of 20,586,027 Crimson Wine shares outstanding as of March 31, 2026
Shares outstanding 20,586,027 shares Crimson Wine common stock outstanding per Form 10-Q for quarter ended March 31, 2026
GAMCO holdings 364,200 shares GAMCO Asset Management Inc. beneficial ownership, 1.77% of class
Gabelli Funds holdings 275,000 shares Gabelli Funds LLC beneficial ownership, 1.34% of class
Teton Advisors holdings 190,000 shares Teton Advisors, LLC beneficial ownership, 0.92% of class
Recent sale example 9,100 shares at $4.2055 Gabelli Funds trade on June 26, 2026
Ownership threshold change Below 5% as of March 18, 2021 Date reporting persons ceased to be 5% owners
beneficially own financial
"The aggregate number of Securities to which this relates is 829,200 shares, representing 4.03%..."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Schedule 13D regulatory
"The Reporting Persons file the long form pursuant to Section 13d-1 of the Securities Exchange Act..."
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
investment adviser financial
"GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act of 1940..."
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
Proxy Voting Committee financial
"the Proxy Voting Committee of each Fund shall respectively vote that Funds shares"
sole voting power financial
"Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote..."
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.
Securities Exchange Act of 1934 regulatory
"pursuant to Section 13d-1 of the Securities Exchange Act of 1934 (the "Act")"

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

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FAQ

What percentage of Crimson Wine Group (CWGL) shares does the Gabelli group report owning?

The Gabelli-affiliated reporting persons collectively report beneficial ownership of 829,200 Crimson Wine Group shares, equal to 4.03% of the 20,586,027 shares outstanding. This ownership level keeps the group below the 5% threshold that often triggers additional regulatory attention.

Which entities within the Gabelli group hold Crimson Wine Group (CWGL) shares and how much?

Three investment advisers in the group hold Crimson Wine shares: GAMCO Asset Management Inc. owns 364,200 shares, Gabelli Funds LLC owns 275,000 shares, and Teton Advisors, LLC owns 190,000 shares. Each entity has sole voting and dispositive power over its respective holdings.

When did the Gabelli group fall below 5% ownership of Crimson Wine Group (CWGL)?

The reporting persons state they ceased to be beneficial owners of 5% or more of Crimson Wine’s common stock on March 18, 2021. The current amended Schedule 13D documents their reduced 4.03% stake and updates their ongoing ownership position and related disclosures.

Why are the Gabelli entities using a Schedule 13D instead of a short-form 13G for CWGL?

The group explains it is filing the long-form Schedule 13D under Section 13d-1, even though it may be technically eligible for a short-form Schedule 13G. They state this approach supports compliance when they regularly communicate with Crimson Wine’s management.

What recent trading activity in Crimson Wine Group (CWGL) shares is disclosed by the Gabelli group?

The filing lists recent sales by Gabelli Funds and Teton Advisors. Examples include Gabelli Funds’ trades such as 9,100 shares sold at $4.2055 on June 26, 2026 and Teton Advisors’ trades including 1,000 shares sold at $4.32 on June 16, 2026.

Who ultimately benefits economically from the Gabelli group’s Crimson Wine Group (CWGL) holdings?

The filing states that investment advisory clients and partnerships of GAMCO, Gabelli Funds, Teton Advisors, and MJG Associates have the right to receive dividends and sale proceeds. Individual clients generally do not hold more than 5% of the securities through these arrangements.





22662X100

(CUSIP Number)
DAVID GOLDMAN
191 MASON STREET,
GREENWICH, CT, 06830
914-921-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/26/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:PETER D. GOLDSTEIN
Name/Title:CHIEF LEGAL OFFICER
Date:06/29/2026
GABELLI FUNDS LLC
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:06/29/2026
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:06/29/2026
Teton Advisors, LLC
Signature:DAVID GOLDMAN
Name/Title:COUNSEL
Date:06/29/2026
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:06/29/2026
Associated Capital Group, Inc.
Signature:PETER D. GOLDSTEIN
Name/Title:CHIEF LEGAL OFFICER
Date:06/29/2026
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:06/29/2026