59 North Capital Management filed a Schedule 13G on Louisiana-Pacific Corporation (LPX), reporting beneficial ownership of 3,730,883 shares of common stock, representing 5.4%, with shared voting and dispositive power. The filing lists related entities and individuals, including the 59 North Master Fund, LP, which reports 3,631,105 shares or 5.2% with shared powers. The date of event was 11/07/2025.
The reporting persons certified the shares were not acquired to change or influence control, consistent with a passive 13G filing.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Louisiana-Pacific Corporation
(Name of Issuer)
Common Stock, $1 par value
(Title of Class of Securities)
546347105
(CUSIP Number)
11/07/2025
(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.
546347105
1
Names of Reporting Persons
59 North Capital Management, LP
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
3,730,883.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,730,883.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,730,883.00
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)
5.4 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP No.
546347105
1
Names of Reporting Persons
59 North Capital Management GP, 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
3,730,883.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,730,883.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,730,883.00
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)
5.4 %
12
Type of Reporting Person (See Instructions)
HC, OO
SCHEDULE 13G
CUSIP No.
546347105
1
Names of Reporting Persons
Michael Bilger
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
3,730,883.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,730,883.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,730,883.00
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)
5.4 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
CUSIP No.
546347105
1
Names of Reporting Persons
59 North Master Fund, LP
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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,631,105.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,631,105.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,631,105.00
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)
5.2 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP No.
546347105
1
Names of Reporting Persons
59 North Partners GP, 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
3,631,105.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,631,105.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,631,105.00
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)
5.2 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Louisiana-Pacific Corporation
(b)
Address of issuer's principal executive offices:
1610 West End Avenue, Suite 200, Nashville, TN 37203
Item 2.
(a)
Name of person filing:
59 North Capital Management, LP
59 North Capital Management GP, LLC
Michael Bilger
59 North Master Fund, LP
59 North Partners GP, LLC
(b)
Address or principal business office or, if none, residence:
59 North Capital Management, LP
3737 Buffalo Speedway, Suite 1880
Houston, TX 77098
59 North Capital Management GP, LLC
3737 Buffalo Speedway, Suite 1880
Houston, TX 77098
Michael Bilger
3737 Buffalo Speedway, Suite 1880
Houston, TX 77098
59 North Master Fund, LP
3737 Buffalo Speedway, Suite 1880
Houston, TX 77098
59 North Partners GP, LLC
3737 Buffalo Speedway, Suite 1880
Houston, TX 77098
(c)
Citizenship:
59 North Capital Management, LP - Delaware
59 North Capital Management GP, LLC - Delaware
Michael Bilger - United States
59 North Master Fund, LP - Cayman Islands
59 North Partners GP, LLC - Delaware
(d)
Title of class of securities:
Common Stock, $1 par value
(e)
CUSIP No.:
546347105
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:
59 North Capital Management, LP - 3,730,883
59 North Capital Management GP, LLC - 3,730,883
Michael Bilger - 3,730,883
59 North Master Fund, LP - 3,631,105
59 North Partners GP, LLC - 3,631,105
(b)
Percent of class:
59 North Capital Management, LP - 5.4%
59 North Capital Management GP, LLC - 5.4%
Michael Bilger - 5.4%
59 North Master Fund, LP - 5.2%
59 North Partners GP, LLC - 5.2%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
59 North Capital Management, LP - 0
59 North Capital Management GP, LLC - 0
Michael Bilger - 0
59 North Master Fund, LP - 0
59 North Partners GP, LLC - 0
(ii) Shared power to vote or to direct the vote:
59 North Capital Management, LP - 3,730,883
59 North Capital Management GP, LLC - 3,730,883
Michael Bilger - 3,730,883
59 North Master Fund, LP - 3,631,105
59 North Partners GP, LLC - 3,631,105
(iii) Sole power to dispose or to direct the disposition of:
59 North Capital Management, LP - 0
59 North Capital Management GP, LLC - 0
Michael Bilger - 0
59 North Master Fund, LP - 0
59 North Partners GP, LLC - 0
(iv) Shared power to dispose or to direct the disposition of:
59 North Capital Management, LP - 3,730,883
59 North Capital Management GP, LLC - 3,730,883
Michael Bilger - 3,730,883
59 North Master Fund, LP - 3,631,105
59 North Partners GP, LLC - 3,631,105
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All of the securities reported in this Schedule 13G are directly owned by advisory clients of 59 North Capital Management, LP. None of those advisory clients, other than 59 North Master Fund, LP, may be deemed to beneficially own more than 5% of the Common Stock, $1 par value.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Please see Exhibit B attached hereto.
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.
59 North Capital Management, LP
Signature:
By: 59 North Capital Management GP, LLC, its general partner, By: /s/ Michael Bilger
Name/Title:
Michael Bilger / Managing Member
Date:
11/13/2025
59 North Capital Management GP, LLC
Signature:
/s/ Michael Bilger
Name/Title:
Michael Bilger / Managing Member
Date:
11/13/2025
Michael Bilger
Signature:
/s/ Michael Bilger
Name/Title:
Michael Bilger
Date:
11/13/2025
59 North Master Fund, LP
Signature:
By: 59 North Partners GP, LLC, its general partner, By: /s/ Michael Bilger
Name/Title:
Michael Bilger / Managing Member
Date:
11/13/2025
59 North Partners GP, LLC
Signature:
/s/ Michael Bilger
Name/Title:
Michael Bilger / Managing Member
Date:
11/13/2025
Comments accompanying signature: * Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.
Exhibit Information
Exhibit A - Joint Filing Agreement
Exhibit B - Control Person Identification
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