[SCHEDULE 13G] James River Group Holdings, Ltd SEC Filing
Zimmer Partners and affiliated entities report beneficial ownership of 2,985,810 common shares of James River Group Holdings, Ltd., representing approximately 6.5% of the outstanding common stock based on 45,895,335 shares outstanding. The disclosed position is held with shared voting and shared dispositive power; no reporting person claims sole voting or sole dispositive power over these shares. The interest is held through Zimmer accounts managed by the Investment Manager and related entities.
The filing includes a certification that the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer. Reporting Persons are identified as Zimmer Partners, LP; Zimmer Financial Services Group LLC; Zimmer Partners GP, LLC; and Stuart J. Zimmer.
- Material ownership disclosed: 2,985,810 shares representing approximately 6.5% of outstanding common stock
- Clear governance profile: Reporting Persons state shared voting and shared dispositive power, clarifying how control is exercised
- Certification provided: Securities were acquired and are held in the ordinary course and not to change or influence issuer control
- None.
Insights
TL;DR: Zimmer discloses a material 6.5% stake (2.99M shares) in JRVR with shared voting/dispositive power; position is significant but non-controlling.
The filing shows the Reporting Persons collectively beneficially own 2,985,810 shares, equal to about 6.5% of James River's common stock on the stated share base of 45,895,335. Ownership is exercised through multiple related entities, with shared voting and dispositive power and no sole power reported. The certification states the stake was acquired in the ordinary course and not to effect a change in control, so the disclosure signals a substantial passive or monitored investment rather than an overt control bid.
TL;DR: Disclosure indicates coordination among Zimmer entities and the potential for collective influence, but no single entity holds unilateral control.
The Schedule 13G identifies the reporting group structure: an investment manager, its GP, a financial services LLC as sole member of the GP, and an individual (Stuart J. Zimmer). The filing reports shared voting and dispositive power across these entities and explicitly records 0 sole voting power, which is material for governance analysis because it limits unilateral action while preserving the ability to coordinate voting or engagement via the group. The filing also contains the statutory certification about ordinary-course holdings.