[SCHEDULE 13G/A] Pelagos Insurance Capital Ltd Amended Passive Investment Disclosure
Cooperman reports 9.9% stake in Pelagos Insurance
Pelagos Insurance Capital Ltd has an updated ownership report showing that investor Leon G. Cooperman may be deemed the beneficial owner of 8,511,411 Common Shares as of June 30, 2026.
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Pelagos Insurance Capital Ltd has an updated ownership report showing that investor Leon G. Cooperman may be deemed the beneficial owner of 8,511,411 Common Shares as of June 30, 2026. This position represents 9.9% of the outstanding Common Shares, based on 85,496,757 shares outstanding as of March 31, 2026.
The holding consists of shares held through multiple Cooperman-related accounts, including a family limited partnership, individual retirement accounts, and a UTMA account. All 8,511,411 shares are reported as having sole voting and dispositive power, with no shared voting or dispositive authority.
Key Figures
Beneficial ownership:8,511,411 Common SharesOwnership percentage:9.9%Shares outstanding:85,496,757 Common Shares+3 more
6 metrics
Beneficial ownership8,511,411 Common SharesShares Leon G. Cooperman may be deemed to beneficially own as of June 30, 2026
Ownership percentage9.9%Percentage of Pelagos Insurance Capital Ltd Common Shares beneficially owned
Shares outstanding85,496,757 Common SharesTotal Common Shares outstanding as of March 31, 2026 used for ownership calculation
Capital L.P. holding8,374,338 Common SharesShares held directly by Omega Capital Partners, L.P. within Cooperman’s reported position
Leon Cooperman IRA holding90,000 Common SharesShares held by the individual retirement account of Leon G. Cooperman
UTMA Account holding25,613 Common SharesShares held by the UTMA account for Asher Silvin Cooperman
Key Terms
beneficial owner, sole voting power, sole dispositive power, Schedule 13G/A, +1 more
5 terms
beneficial ownerfinancial
"As of June 30, 2026, Mr. Cooperman may be deemed the beneficial owner of 8,511,411 Common Shares"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
sole voting powerfinancial
"Sole Voting Power 8,511,411.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive powerfinancial
"Sole Dispositive Power 8,511,411.00 8 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G/Aregulatory
"Form type: SCHEDULE 13G/A"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
CUSIPfinancial
"Title of class of securities: Common Shares... (e) | CUSIP No.: G3398L118"
A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Pelagos Insurance Capital Ltd (PLGO) does Leon G. Cooperman report owning?
As of June 30, 2026, Leon G. Cooperman reports beneficial ownership of 9.9% of Pelagos Insurance Capital Ltd’s Common Shares. This is based on 8,511,411 shares out of 85,496,757 Common Shares outstanding as of March 31, 2026.
How many Pelagos Insurance Capital Ltd (PLGO) shares does Leon G. Cooperman beneficially own?
Leon G. Cooperman may be deemed the beneficial owner of 8,511,411 Pelagos Insurance Capital Ltd Common Shares. These shares are held through a family limited partnership, several IRAs, and a UTMA account, all reported with sole voting and dispositive power.
What is the breakdown of Leon G. Cooperman’s PLGO share holdings?
His 8,511,411 PLGO shares include 8,374,338 held by Capital L.P., 90,000 by the Leon Cooperman IRA, 12,440 by the Michael Cooperman IRA, 9,020 by the Toby Cooperman IRA, and 25,613 by the UTMA Account for Asher Silvin Cooperman.
Does Leon G. Cooperman share voting power over his Pelagos Insurance Capital Ltd (PLGO) shares?
No. The filing reports sole voting power and sole dispositive power over all 8,511,411 PLGO Common Shares. It lists 0 shares with shared voting or shared dispositive power, indicating exclusive control for reporting purposes.
What share count did Pelagos Insurance Capital Ltd (PLGO) report as outstanding for this ownership calculation?
The 9.9% ownership figure is calculated using 85,496,757 Common Shares outstanding as of March 31, 2026, as reported by Pelagos Insurance Capital Ltd in a Form 6-K filed on May 13, 2026.
Who signed the Schedule 13G/A for Leon G. Cooperman related to PLGO?
The Schedule 13G/A was signed by Edward Levy as Attorney-in-Fact for Leon G. Cooperman on August 11, 2026, pursuant to a power of attorney effective August 10, 2016 and previously filed on August 12, 2016.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
Pelagos Insurance Capital Ltd
(Name of Issuer)
Common Shares, par value $0.01 per share
(Title of Class of Securities)
G3398L118
(CUSIP Number)
06/30/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G3398L118
1
Names of Reporting Persons
COOPERMAN LEON G
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
8,511,411.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
8,511,411.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,511,411.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Pelagos Insurance Capital Ltd
(b)
Address of issuer's principal executive offices:
90 Pitts Bay Road, Wellesley House South, Pembroke, Bermuda, HM08.
Item 2.
(a)
Name of person filing:
This statement is filed on behalf of Leon G. Cooperman ("Mr. Cooperman"). Mr. Cooperman is engaged in, among other activities, investing for his own account.
Mr. Cooperman is married to an individual named Toby Cooperman. Mr. Cooperman has an adult son named Michael S. Cooperman and a minor grandchild named Asher Silvin Cooperman.
Mr. Cooperman has investment authority over the Common Shares (as defined below) held by the individual retirement accounts of Toby Cooperman (the "Toby Cooperman IRA") and Michael Cooperman (the "Michael Cooperman IRA") as well as the Common Shares held by an individual retirement account for the benefit of Mr. Cooperman himself (the "Leon Cooperman IRA"). Mr. Cooperman also has investment authority over the Common Shares held by the UTMA account (the "UTMA Account") for Asher Silvin Cooperman.
Mr. Cooperman is the Managing Member of Omega Associates, L.L.C. ("Associates"), a limited liability company organized under the laws of the State of Delaware. Associates is a private investment firm formed to invest in and act as general partner of investment partnerships or similar investment vehicles. Associates is the general partner of a limited partnership organized under the laws of Delaware known as Omega Capital Partners, L.P. ("Capital LP"), a private investment firm comprised of Cooperman family funds engaged in the purchase and sale of securities for investment for its own account.
(b)
Address or principal business office or, if none, residence:
Mr. Cooperman's principal business office address is St. Andrews Country Club, 7118 Melrose Castle Lane, Boca Raton, FL 33496.
(c)
Citizenship:
Mr. Cooperman is a United States citizen.
(d)
Title of class of securities:
Common Shares, par value $0.01 per share
(e)
CUSIP No.:
G3398L118
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:
The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. As of June 30, 2026, Mr. Cooperman may be deemed the beneficial owner of 8,511,411 Common Shares, which consists of (i) 8,374,338 Common Shares held directly by Capital L.P., (ii) 25,613 Common Shares held by the UTMA Account, (iii) 90,000 Common Shares held by the Leon Cooperman IRA, (iv) 12,440 Common Shares held by the Michael Cooperman IRA and (x) 9,020 Common Shares held by the Toby Cooperman IRA, which, collectively, constitute approximately 9.9% of the total number of Common Shares outstanding, calculated based on 85,496,757 Common Shares outstanding as of March 31, 2026, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on May 13, 2026.
(b)
Percent of class:
9.9%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
8,511,411
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
8,511,411
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
COOPERMAN LEON G
Signature:
/s/ Edward Levy
Name/Title:
Attorney-in-Fact
Date:
08/11/2026
Comments accompanying signature: Duly authorized under POA effective as of August 10, 2016 and filed on August 12, 2016.
