Alaris entities report 2,503,411 shares each in Palmer Square (PSBD)

Rhea-AI Filing Summary

Palmer Square Capital BDC Inc. ownership disclosure: Alaris Master Fund LP and affiliated Alaris Capital, LLC each report beneficial ownership of 2,503,411 shares of Common Stock, representing 8.0% of the class. The filing is an Amendment No. 3 to a Schedule 13G/A and lists shared voting and dispositive power for each entity over the stated shares.

The filing provides the filers' address in Kansas City and is signed by Hunter Armistead, Chief Investment Officer, with signature dates of 05/12/2026.

Insights

Institutional Ownership Analyst

13G amendment reports two affiliated entities holding 8.0% each.

The Schedule 13G/A amendment lists 2,503,411 shares as beneficially owned by both Alaris Master Fund LP and Alaris Capital, LLC, with shared voting and dispositive power reported. The filing identifies the filers' business address and is signed by the CIO on 05/12/2026.

These entries are passive ownership disclosures under the reporting regime; subsequent filings would be required if the ownership intent or voting power changes.

Compliance & SEC Filings Specialist

Amendment format and signature details are consistent with Schedule 13G/A rules.

The amendment (No. 3) explicitly attributes shared voting and shared dispositive power of 2,503,411 shares to each named entity and states 8.0% of the class. The excerpt shows the CUSIP 69702V107 and issuer address, meeting standard disclosure elements.

Timing and further change-of-control obligations would depend on any change in intent or holdings; timing for such triggers is not provided in the excerpt.

Key Figures

Beneficial ownership (Alaris Master Fund LP): 2,503,411 shares Beneficial ownership (Alaris Capital, LLC): 2,503,411 shares Percent of class: 8.0% +2 more

5 metrics

Beneficial ownership (Alaris Master Fund LP) 2,503,411 shares reported in Schedule 13G/A Amendment No. 3

Beneficial ownership (Alaris Capital, LLC) 2,503,411 shares reported in Schedule 13G/A Amendment No. 3

Percent of class 8.0% percent of common stock beneficially owned as stated

CUSIP 69702V107 identifier for Palmer Square Capital BDC Inc. common stock

Signature date 05/12/2026 date on signature lines for Hunter Armistead

Key Terms

Schedule 13G/A, Beneficially owned, Shared dispositive power

3 terms

Schedule 13G/A regulatory

"Amendment No. 3 to Schedule 13G/A listing beneficial ownership"

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.

Beneficially owned financial

"Amount beneficially owned: 2,503,411 shares deemed beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Shared dispositive power regulatory

"Shared Dispositive Power 2,503,411.00 reported for each filer"

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

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Accepted by SEC EDGAR 05/12/2026 - 12:05 PM Learn about SEC filing dates

FAQ

What does the Schedule 13G/A amendment for PSBD disclose?

It discloses that Alaris Master Fund LP and Alaris Capital, LLC each beneficially own 2,503,411 shares, equal to 8.0% of PSBD's common stock, and report shared voting and dispositive power.

Who signed the PSBD ownership amendment and when?

The amendment is signed by Hunter Armistead, Chief Investment Officer, with signature dates shown as 05/12/2026, attesting to the reported holdings and powers.

Does the filing indicate sole voting or dispositive power for the filers?

No; the filing states 0 shares for sole voting and sole dispositive power and reports 2,503,411 shares as shared voting and dispositive power for each entity.

What security and issuer details are listed in the amendment?

The filing lists the security as Common Stock of Palmer Square Capital BDC Inc. with CUSIP 69702V107 and the issuer address at 1900 Shawnee Mission Parkway, Suite 315, Mission Woods, Kansas.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Palmer Square Capital BDC Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

69702V107

(CUSIP Number)

03/31/2026

(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): 69702V107

1

Names of Reporting Persons

Alaris 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

MISSOURI

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power
6	Shared Voting Power 2,503,411.00
7	Sole Dispositive Power
8	Shared Dispositive Power 2,503,411.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,503,411.00

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)

8.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 69702V107

1

Names of Reporting Persons

Alaris Capital, 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

MISSOURI

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power
6	Shared Voting Power 2,503,411.00
7	Sole Dispositive Power
8	Shared Dispositive Power 2,503,411.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,503,411.00

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)

8.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Palmer Square Capital BDC Inc.
(b)	Address of issuer's principal executive offices: 1900 SHAWNEE MISSION PARKWAY, SUITE 315, MISSION WOODS, KANSAS, 66205
Item 2.
(a)	Name of person filing: Alaris Master Fund LP Alaris Capital, LLC
(b)	Address or principal business office or, if none, residence: 4900 Main Street, Suite 600, Kansas City, Missouri 64112
(c)	Citizenship: USA - Missouri
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 69702V107
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: 2,503,411 shares deemed beneficially owned by Alaris Master Fund LP 2,503,411 shares deemed beneficially owned by Alaris Capital, LLC
(b)	Percent of class: 8.0 % deemed beneficially owned by Alaris Master Fund LP 8.0 % deemed beneficially owned by Alaris Capital, LLC
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2,503,411 shares deemed beneficially owned by Alaris Master Fund LP 2,503,411 shares deemed beneficially owned by Alaris Capital, LLC
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2,503,411 shares deemed beneficially owned by Alaris Master Fund LP 2,503,411 shares deemed beneficially owned by Alaris Capital, LLC
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.

Alaris Master Fund LP

Signature:	Hunter Armistead
Name/Title:	Chief Investment Officer
Date:	05/12/2026

Alaris Capital, LLC

Signature:	Hunter Armistead
Name/Title:	Chief Investment Officer
Date:	05/12/2026