Leon Cooperman Reports 6.53M Fidelis Shares, Sole Voting Power
Rhea-AI Filing Summary
Leon G. Cooperman filed a Schedule 13G reporting beneficial ownership of 6,530,945 Common Shares of Fidelis Insurance Holdings Ltd (CUSIP G3398L118), representing 6.2% of the class. The holdings consist of 6,508,510 shares held directly by Omega Capital Partners, L.P., 10,435 shares in a UTMA account for a minor grandchild and 12,000 shares in an IRA for Mr. Cooperman. The filing states Mr. Cooperman has sole voting and dispositive power over all reported shares and certifies the shares were not acquired to change or influence control of the issuer.
Positive
- Disclosure of material stake: Reporting of 6,530,945 shares representing 6.2% of the class, which meets SEC materiality thresholds for public transparency
- Sole voting and dispositive power: Mr. Cooperman reports sole power to vote and dispose of all reported shares, clarifying authority over the position
- Passive filing certification: The statement certifies the shares were not acquired to change or influence control, indicating a non-activist posture
Negative
- None.
Insights
TL;DR: A well-known investor discloses a >5% passive stake with sole control over voting and disposition, signaling meaningful ownership but no control intent.
Mr. Cooperman reports 6,530,945 shares (6.2%) of Fidelis, largely held through Omega Capital Partners, L.P. The position meets the SEC threshold that requires public disclosure and may draw market attention given his profile. The filing explicitly states the shares were not acquired to change or influence control, consistent with a passive investor disclosure under Schedule 13G. This is a material ownership disclosure but not an activist or control filing.
TL;DR: Disclosure shows sole voting power and >5% ownership but includes a certification of non-control intent, limiting immediate governance implications.
The Schedule 13G confirms sole voting and dispositive power over 6,530,945 shares and notes holdings across an investment partnership, a UTMA account and an IRA. Because the filer checked the passive filing route and certified no intent to influence control, this filing signals transparency rather than a governance challenge. Boards and investors will note the concentration but not treat it as an active takeover signal based on this statement.