Brown Capital Files Schedule 13G/A Showing 3.8M CYRX Shares
Rhea-AI Filing Summary
Brown Capital Management, LLC filed an amended Schedule 13G reporting beneficial ownership of 3,798,962 shares of CryoPort Inc. common stock, representing 7.58% of the class. The filing states Brown Capital has sole voting power over 1,529,549 shares and sole dispositive power over all 3,798,962 shares. The shares are held by various investment advisory clients of Brown Capital, which the firm says gives it beneficial ownership under Rule 13d-3 because of its discretionary authority to direct investment and voting decisions. The filing includes a certification that the holdings are held in the ordinary course of business and are not intended to influence control of the issuer.
Positive
- Material disclosure: Brown Capital reports beneficial ownership of 3,798,962 shares (7.58%) of CryoPort, a clearly reported, material stake.
- Transparency about nature of ownership: Filing states shares are held for advisory clients and includes a certification that holdings are in the ordinary course of business and not intended to influence control.
Negative
- None.
Insights
TL;DR: Brown Capital holds a material 7.58% stake (3.8M shares) in CryoPort, reported on an amended Schedule 13G.
This filing discloses a clearly material passive stake by an established investment adviser. The record shows Brown Capital has sole dispositive authority over 3,798,962 shares and sole voting authority over 1,529,549 shares, and it reports the shares are held for advisory clients. The certification in Item 10 indicates the position is held in the ordinary course of business and not for control purposes. For investors, the key facts are the size of the holding and the split between voting and dispositive power; the filing itself does not assert any activist intent.
TL;DR: The schedule shows Brown Capital as a beneficial owner with discretionary authority, noting a voting versus dispositive power split.
The schedule provides governance-relevant facts: Brown Capital is reported as beneficial owner of 7.58% of CryoPort and states the shares are owned for various advisory clients, creating beneficial ownership via discretionary power. The filing quantifies 1,529,549 shares with sole voting power and 3,798,962 shares with sole dispositive power, which may matter in proxy contexts where vote mobilization or disposition timing is relevant. The Item 10 certification confirms the position is presented as non-control seeking under the rules.