Bay Pond Partners reports 5.09% ownership in LendingClub (NYSE: LC)
Rhea-AI Filing Summary
LendingClub Corporation reported that Bay Pond Partners, L.P. beneficially owns 5,866,912 shares of common stock, representing 5.09% of the class. The filing states Bay Pond holds shared voting and dispositive power over those 5,866,912 shares. The filing is signed by an authorized person on 04/24/2026.
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Insights
Bay Pond reports a 5.09% beneficial stake in LendingClub.
Bay Pond Partners, L.P. is disclosed as beneficial owner of 5,866,912 shares with shared voting and dispositive power. The Schedule 13G format indicates a passive investor reporting ownership rather than an active acquisition narrative.
Signatures show the filing was executed on 04/24/2026. Subsequent filings would confirm whether this is a new position or an update to prior ownership levels.
Shared voting/dispositive power implies ownership via an entity or joint control.
The filing attributes 0 sole voting/dispositive power and 5,866,912 shares of shared power, which suggests authority exercised jointly or through managed accounts. The address lists Wellington Management as the business office, consistent with institutional custody or advisory arrangements.
Watch for any amendments or Form 13D that would indicate a change in intent or control; timing and intent are not stated here.