Cooperman reports 10% stake in Pelagos Insurance

Pelagos Insurance Capital Ltd received an updated ownership report from investor Leon G. Cooperman.

Rhea-AI Filing Summary

Pelagos Insurance Capital Ltd received an updated ownership report from investor Leon G. Cooperman. As of August 4, 2026, he may be deemed the beneficial owner of 8,563,582 Common Shares, representing 10.0% of the company’s outstanding Common Shares, based on 85,496,757 shares outstanding as of March 31, 2026. The position includes shares held through Omega Capital Partners, L.P., several individual retirement accounts for Cooperman and family members, and a UTMA account, over which he has sole voting and dispositive power.

Key Figures

Beneficial ownership: 8,563,582 Common Shares Ownership percentage: 10.0% Shares outstanding: 85,496,757 Common Shares +5 more

8 metrics

Beneficial ownership 8,563,582 Common Shares Shares beneficially owned by Leon G. Cooperman as of August 4, 2026

Ownership percentage 10.0% Percentage of Pelagos Insurance Capital Ltd Common Shares outstanding

Shares outstanding 85,496,757 Common Shares Total Common Shares outstanding as of March 31, 2026

Omega Capital Partners, L.P. holdings 8,424,528 Common Shares Portion of Cooperman’s beneficial ownership held by Capital L.P.

Leon Cooperman IRA holdings 90,000 Common Shares Shares held by the Leon Cooperman IRA

Michael Cooperman IRA holdings 12,517 Common Shares Shares held by the Michael Cooperman IRA

Toby Cooperman IRA holdings 9,076 Common Shares Shares held by the Toby Cooperman IRA

UTMA Account holdings 27,461 Common Shares Shares held by the UTMA Account for Asher Silvin Cooperman

Key Terms

beneficial owner, sole voting power, sole dispositive power, individual retirement accounts, +2 more

6 terms

beneficial owner financial

"As of August 4, 2026, Mr. Cooperman may be deemed the beneficial owner of 8,563,582 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 power financial

"Sole Voting Power 8,563,582.00 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 power financial

"Sole Dispositive Power 8,563,582.00 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.

individual retirement accounts financial

"investment authority over the Common Shares held by the individual retirement accounts of Toby Cooperman"

An individual retirement account (IRA) is a personal savings account with special tax rules designed to help people build money for retirement; think of it as a piggy bank that comes with tax benefits or deferred taxes depending on the account type. It matters to investors because IRAs influence how much can be saved each year, which investments are held long term, and when taxes are paid, all of which affect long-term growth and retirement income planning.

UTMA account financial

"Common Shares held by the UTMA account (the "UTMA Account") for Asher Silvin Cooperman"

general partner financial

"Associates is the general partner of a limited partnership organized under the laws of Delaware"

A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

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?

Leon G. Cooperman reports beneficial ownership of 10.0% of Pelagos Insurance Capital Ltd’s Common Shares. This percentage is based on 85,496,757 shares outstanding as of March 31, 2026, as disclosed by the issuer.

How many Pelagos Insurance Capital Ltd (PLGO) shares does Leon G. Cooperman beneficially own?

Leon G. Cooperman may be deemed the beneficial owner of 8,563,582 Common Shares of Pelagos Insurance Capital Ltd. These shares are held through Omega Capital Partners, L.P., several IRAs for him and family members, and a UTMA account.

Which entities hold Pelagos Insurance Capital Ltd (PLGO) shares for Leon G. Cooperman?

The reported 8,563,582 shares include 8,424,528 held by Omega Capital Partners, L.P., plus shares in the Leon Cooperman IRA, the Michael Cooperman IRA, the Toby Cooperman IRA, and a UTMA Account for Asher Silvin Cooperman.

Does Leon G. Cooperman have sole voting power over his PLGO shares?

Yes. The filing states that Leon G. Cooperman has sole voting power and sole dispositive power over 8,563,582 Pelagos Insurance Capital Ltd Common Shares, with no shared voting or dispositive power reported.

On what share count is Leon G. Cooperman’s 10.0% PLGO ownership based?

The 10.0% ownership figure is calculated using 85,496,757 Pelagos Insurance Capital Ltd Common Shares outstanding as of March 31, 2026, as reported in the company’s Form 6-K filed on May 13, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/11/2026 - 04:23 PM Accepted by SEC EDGAR 08/11/2026 - 04:23 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

Pelagos Insurance Capital Ltd

(Name of Issuer)

Common Shares, par value $0.01 per share

(Title of Class of Securities)

G3398L118

(CUSIP Number)

08/04/2026

(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 8,563,582.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 8,563,582.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,563,582.00

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)

10.0 %

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 August 4, 2026, Mr. Cooperman may be deemed the beneficial owner of 8,563,582 Common Shares, which consists of (i) 8,424,528 Common Shares held directly by Capital L.P., (ii) 27,461 Common Shares held by the UTMA Account, (iii) 90,000 Common Shares held by the Leon Cooperman IRA, (iv) 12,517 Common Shares held by the Michael Cooperman IRA and (x) 9,076 Common Shares held by the Toby Cooperman IRA, which, collectively, constitute approximately 10.0% 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: 10.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 8,563,582
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 8,563,582
	(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.