CF Entities Report 5,000,000 Shares (9.1%) in GCMG

Rhea-AI Filing Summary

Reporting group (Cantor Fitzgerald related entities) holds 8,251,535 shares, representing 15.0% of GCM Grosvenor Inc. Class A common stock. The filing breaks ownership into two principal holders: CF GCM Investor, LLC with 5,000,000 shares ( 9.1%) and CF Finance Holdings, LLC with 3,251,535 shares ( 6.1%). Each reporting person disclaims sole voting or dispositive power and reports only shared voting and disposal power over the listed shares. The statement certifies the holdings were not acquired to change control and is signed by Brandon G. Lutnick and Howard W. Lutnick on 10/06/2025.

Positive

• Clear disclosure of aggregate stake: group reports 8,251,535 shares (15.0%), providing transparency for investors
• Shared voting/dispositive power indicates coordinated ownership structure rather than undisclosed sole control

Negative

• Material stake size (15.0%) could affect market perception of potential influence over corporate decisions
• No sole voting power reported, which may signal limitations on unilateral decision-making despite a large economic interest

Insights

Corporate Governance Officer

Group ownership reaches a meaningful 15.0% stake with shared voting power, signaling consolidated influence without sole control.

The group reports aggregate beneficial ownership of 8,251,535 shares which equals 15.0% of the Class A stock, split between two primary holding entities. Reported voting and dispositive power are shared rather than sole, which typically reflects coordinated ownership across related entities rather than unilateral control.

Risks include potential coordination issues among holders and regulatory disclosure obligations tied to the stake size. Monitor any future amendments or Schedule 13D filings and any disclosed changes in voting arrangements within the next reporting cycle.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

GCM Grosvenor Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

36831E108

(CUSIP Number)

10/06/2025

(Date of Event Which Requires Filing of this Statement)

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

CUSIP No. 36831E108

1

Names of Reporting Persons

CF Finance Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,251,535.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,251,535.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,251,535.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.1 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 36831E108

1

Names of Reporting Persons

CF GCM Investor, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 5,000,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 5,000,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

5,000,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.1 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP No. 36831E108

1

Names of Reporting Persons

Cantor Fitzgerald, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,251,535.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,251,535.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,251,535.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 36831E108

1

Names of Reporting Persons

CF Group Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,251,535.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,251,535.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,251,535.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.0 %

12

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13G

CUSIP No. 36831E108

1

Names of Reporting Persons

Brandon G. Lutnick

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,251,535.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,251,535.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,251,535.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 36831E108

1

Names of Reporting Persons

Howard W. Lutnick

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GCM Grosvenor Inc.
(b)	Address of issuer's principal executive offices: 900 North Michigan Avenue Suite 1100 Chicago, IL 60611
Item 2.
(a)	Name of person filing: CF Finance Holdings LLC ("Holdings"), CF GCM Investor, LLC ("Investor"), Cantor Fitzgerald, L.P. ("CFLP"), CF Group Management, Inc. ("CFGM"), Brandon G. Lutnick and Howard W. Lutnick (collectively, the "Reporting Persons").
(b)	Address or principal business office or, if none, residence: c/o 110 East 59th Street New York, New York 10022
(c)	Citizenship: Each of Holdings and Investor is a Delaware limited liability company, CFLP is a Delaware limited partnership, CFGM is a New York corporation and each of Brandon G. Lutnick and Howard W. Lutnick is a citizen of the United States.
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 36831E108
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Holdings: 3,251,535 Investor: 5,000,000 CFLP/CFGM/Mr. Brandon G. Lutnick: 8,251,535 Mr. Howard W. Lutnick: 0
(b)	Percent of class: Holdings: 6.1% Investor: 9.1% CFLP/CFGM/Mr. Brandon G. Lutnick: 15.0% Mr. Howard W. Lutnick: 0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: Holdings: 3,251,535 Investor: 5,000,000 CFLP/CFGM/Mr. Brandon G. Lutnick: 8,251,535 Mr. Howard W. Lutnick: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: Holdings: 3,251,535 Investor: 5,000,000 CFLP/CFGM/Mr. Brandon G. Lutnick: 8,251,535 Mr. Howard W. Lutnick: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

CF Finance Holdings, LLC

Signature:	/s/ Brandon G. Lutnick
Name/Title:	Brandon G. Lutnick / Chief Executive Officer
Date:	10/06/2025

CF GCM Investor, LLC

Signature:	/s/ Brandon G. Lutnick
Name/Title:	Brandon G. Lutnick / Chief Executive Officer
Date:	10/06/2025

Cantor Fitzgerald, L.P.

Signature:	/s/ Brandon G. Lutnick
Name/Title:	Brandon G. Lutnick / Chief Executive Officer
Date:	10/06/2025

CF Group Management, Inc.

Signature:	/s/ Brandon G. Lutnick
Name/Title:	Brandon G. Lutnick / Chief Executive Officer
Date:	10/06/2025

Brandon G. Lutnick

Signature:	/s/ Brandon G. Lutnick
Name/Title:	Brandon G. Lutnick
Date:	10/06/2025

Howard W. Lutnick

Signature:	/s/ Howard W. Lutnick
Name/Title:	Howard W. Lutnick
Date:	10/06/2025

FAQ

How many GCMG shares does Cantor Fitzgerald and affiliates report owning?

The group reports beneficial ownership of 8,251,535 shares, equal to 15.0% of Class A common stock.

What stake does CF GCM Investor, LLC hold in GCMG?

CF GCM Investor, LLC holds 5,000,000 shares, representing 9.1% of the class.

Does any reporting person claim sole voting or dispositive power?

No; each reporting person reports 0 shares of sole voting or sole dispositive power and only shared power.

Was the ownership disclosed as intended to change control of GCM Grosvenor (GCMG)?

The signing certification states the shares were not acquired for the purpose of changing or influencing control.

Who signed the Schedule 13G/A and when?

The filing is signed by Brandon G. Lutnick and Howard W. Lutnick with signatures dated 10/06/2025.