Cooper Creek files Schedule 13G disclosing 8.0% stake in Funko
Rhea-AI Filing Summary
Cooper Creek Partners Management LLC reported a material passive stake in Funko, Inc., owning 4,390,494 shares, representing 8.0% of the outstanding common stock, on a Schedule 13G (Amendment No. 11). The filing identifies the reporting person as an investment adviser (IA) and shows the position as a disclosed, non-group holding.
The filer reports sole voting and sole dispositive power over all shares and certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control. Items addressing ownership on behalf of others or group affiliations are marked Not Applicable.
Positive
- Material disclosed stake: Cooper Creek Partners Management LLC owns 4,390,494 shares (8.0%) of Funko common stock, disclosed on a Schedule 13G.
- Clear control over position: The filer reports sole voting and sole dispositive power for all reported shares, providing transparency on voting authority.
Negative
- None.
Insights
TL;DR: Cooper Creek holds a meaningful 8.0% passive stake with sole voting/dispositive power; filing signals a disclosed, non-activist position.
The filer, identified as an investment adviser, reports ownership of 4,390,494 shares (8.0%) and states sole voting and dispositive authority. The Schedule 13G designation and the certifications included indicate the position is held in the ordinary course of business and not for the purpose of influencing control. For investors, this is a material disclosed holding by a professional manager but, based on the document, it presents as a passive stake rather than an activist campaign.
TL;DR: Sole voting/dispositive power over an 8.0% stake is governance-relevant, though the filer formally disclaims intent to influence control.
The report shows clear, singular voting and dispositive authority over the reported shares, which gives the reporting entity the practical ability to vote those shares at shareholder meetings. The filing also explicitly indicates no group affiliation and includes certifications that the shares were not acquired to change or influence control. From a governance perspective, this combination—material size plus passive certification—warrants monitoring but is presented in the filing as non-concerted and non-control-seeking.