Arrowstreet reports 5.3% Lovesac stake for Lovesac Co (LOVE)
Rhea-AI Filing Summary
Arrowstreet Capital has reported a new passive stake in Lovesac. Arrowstreet Capital, Limited Partnership and Arrowstreet Capital Holding LLC beneficially own 780,636 Lovesac common shares, representing 5.3% of the class as of the reported date. They have sole voting power over 748,036 shares and sole dispositive power over 780,636 shares.
The shares are held across investment advisory clients of Arrowstreet Capital, and no individual client is known to hold more than 5% of Lovesac’s stock. The firms certify the position was acquired and is held in the ordinary course of business, without the purpose or effect of changing or influencing control of Lovesac.
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Insights
Arrowstreet Capital discloses a passive 5.3% position in Lovesac.
Arrowstreet Capital, Limited Partnership and Arrowstreet Capital Holding LLC together report beneficial ownership of 780,636 Lovesac common shares, or 5.3% of the outstanding class. They hold sole voting power over 748,036 shares and sole dispositive power over the full 780,636 shares.
The position is held across investment advisory clients, with no single client above 5% of the stock. The filers certify the holdings are in the ordinary course of business and not for changing or influencing control, which aligns with a passive institutional investment under Schedule 13G rules.
Future ownership changes by Arrowstreet or its clients would typically appear in updated beneficial ownership filings, providing visibility into whether this stake grows, shrinks, or remains stable over subsequent reporting periods.