Bay Pond Holds 4.68% of Rithm Property Trust; Passive Stake

Rhea-AI Filing Summary

Bay Pond Partners, L.P. reports beneficial ownership of 2,124,654 shares of Rithm Property Trust Inc. common stock, equal to 4.68% of the class. The filing shows no sole voting or sole dispositive power and records the full position as held with shared voting and shared dispositive power.

The statement is an amendment to a Schedule 13G and includes a certification that the securities were not acquired to change or influence control of the issuer, indicating the holder is reporting a passive position. The filing identifies the reporting person as Bay Pond Partners, L.P., a Delaware entity.

Positive

• Filed Schedule 13G/A to disclose a significant position of 2,124,654 shares (4.68%) in Rithm Property Trust
• Includes an explicit certification that the securities were not acquired to change or influence control, indicating a passive reporting intent

Negative

• None.

Insights

Financial Analyst

TL;DR: A material but non-controlling passive stake disclosed; limited near-term market impact.

The report shows Bay Pond Partners holds 2,124,654 shares, or 4.68% of Rithm Property Trust common stock, with only shared voting and dispositive power. Because the position is under 5% and filed on a Schedule 13G/A with a certification against seeking control, this is consistent with a passive institutional stake rather than an active activist campaign. For investors, the development increases transparency around ownership concentration but is unlikely by itself to change governance or operational outcomes.

Corporate Governance Expert

TL;DR: Governance impact is minimal; filing documents a passive, shared-power holding below 5%.

The filing documents shared voting and dispositive power for the full stake and explicitly certifies the holdings were not acquired to influence control. At 4.68%, the position sits below common regulatory and market thresholds that typically trigger control presumptions or formal engagement obligations. This disclosure is useful for tracking ownership but does not, on its face, signal imminent governance change or an activist initiative.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Rithm Property Trust Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

38983D300

(CUSIP Number)

06/30/2025

(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. 38983D300

1

Names of Reporting Persons

Bay Pond Partners, L.P.

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 2,124,654.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,124,654.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,124,654.00

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)

4.7 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Rithm Property Trust Inc.
(b)	Address of issuer's principal executive offices: 799 Broadway 8th Floor, New York NY 10022
Item 2.
(a)	Name of person filing: Bay Pond Partners, L.P.
(b)	Address or principal business office or, if none, residence: c/o Wellington Management Company LLP, 280 Congress Street, Boston MA 02210
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 38983D300
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: 2,124,654
(b)	Percent of class: 4.68 %
(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: 2,124,654
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2,124,654
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
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.

Bay Pond Partners, L.P.

Signature:	Ihsan Speede
Name/Title:	Authorized Person
Date:	08/12/2025

Comments accompanying signature: Wellington Alternative Investments LLC; Its General Partner Signature: Ihsan Speede Name/Title: Authorized Person Date: 08/12/2025

FAQ

How many RPT shares does Bay Pond Partners report owning?

Bay Pond Partners reports owning 2,124,654 shares of Rithm Property Trust common stock, representing 4.68% of the class.

Does Bay Pond have sole voting or dispositive power over these RPT shares?

No. The filing shows 0 sole voting power and 0 sole dispositive power; all authority is reported as shared.

Is this a Schedule 13G or 13D filing for RPT and what does it indicate?

This is an amended Schedule 13G filing. The document includes a certification that the holdings were not acquired to influence control, which is consistent with a passive investor disclosure.

What percent of RPT does the reported stake represent?

The reported position represents 4.68% of Rithm Property Trust's common stock, which the filing categorizes as ownership of 5 percent or less.

Who is the reporting person on the filing?

The reporting person is Bay Pond Partners, L.P. (a Delaware entity). The signature comments identify Wellington Alternative Investments LLC as its general partner.