SITE Centers Corp. received an updated large-holder ownership report from investment entities affiliated with Rush Island. The group of reporting persons, including Rush Island Master, LP and related management entities, reports beneficial ownership of 3,989,634 common shares, representing 7.6% of the outstanding class.
They report sole voting and dispositive power over 3,105,728 shares, and shared voting and dispositive power over 883,906 shares. The securities are held by Rush Island advisory clients as record and direct owners, while the reporting persons expressly disclaim beneficial ownership beyond what may be deemed under securities laws and certify the holdings are not for the purpose of changing or influencing control of SITE Centers.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
SITE Centers Corp.
(Name of Issuer)
Common Shares, Par Value $0.10 Per Share
(Title of Class of Securities)
82981J851
(CUSIP Number)
12/31/2025
(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.
82981J851
1
Names of Reporting Persons
Rush Island 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
3,105,728.00
6
Shared Voting Power
883,906.00
7
Sole Dispositive Power
3,105,728.00
8
Shared Dispositive Power
883,906.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,989,634.00
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)
7.6 %
12
Type of Reporting Person (See Instructions)
IA
Comment for Type of Reporting Person: *See Item 4 of the Schedule 13G
SCHEDULE 13G
CUSIP No.
82981J851
1
Names of Reporting Persons
Rush Island Master, 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
3,105,728.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
3,105,728.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,105,728.00
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)
5.9 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: *See Item 4 of the Schedule 13G
SCHEDULE 13G
CUSIP No.
82981J851
1
Names of Reporting Persons
Rush Island 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
3,105,728.00
6
Shared Voting Power
883,906.00
7
Sole Dispositive Power
3,105,728.00
8
Shared Dispositive Power
883,906.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,989,634.00
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)
7.6 %
12
Type of Reporting Person (See Instructions)
HC
Comment for Type of Reporting Person: *See Item 4 of the Schedule 13G
SCHEDULE 13G
CUSIP No.
82981J851
1
Names of Reporting Persons
Raleigh W. Nuckols
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
3,105,728.00
6
Shared Voting Power
883,906.00
7
Sole Dispositive Power
3,105,728.00
8
Shared Dispositive Power
883,906.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,989,634.00
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)
7.6 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: *See Item 4 of the Schedule 13G
SCHEDULE 13G
CUSIP No.
82981J851
1
Names of Reporting Persons
Stephen Lewis Millham
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
3,105,728.00
6
Shared Voting Power
883,906.00
7
Sole Dispositive Power
3,105,728.00
8
Shared Dispositive Power
883,906.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,989,634.00
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)
7.6 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: *See Item 4 of the Schedule 13G
This statement is jointly filed by and on behalf of Rush Island Master, LP, a Cayman Islands limited partnership (the "Master Fund"), Rush Island Management, L.P., a Delaware limited partnership (the "Investment Manager"), Rush Island Management GP LLC, a Delaware limited liability company (the "IM GP"), Raleigh W. Nuckols and Stephan Lewis Millham (collectively referred herein as "Reporting Persons"). The Investment Manager is the investment manager of advisory clients, including the Master Fund, and may be deemed to have indirect beneficial ownership of securities owned by its advisory clients. The IM GP is the general partner of the Investment Manager and may be deemed to indirectly beneficially own securities owned by the Investment Manager. Mr. Nuckols and Mr. Millham are the managing members of IM GP and may be deemed to beneficially own securities beneficially owned by it. Rush Island's advisory clients are the record and direct beneficial owners of the securities covered by this statement.
Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.
Each Reporting Person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for the purpose of Section 13(d) or 13(g) of the Act. Each of the Reporting Persons declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purpose of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of the issuer or otherwise with respect to the issuer or any securities of the issuer or (ii) a member of any group with respect to the issuer or any securities of the issuer.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is c/o Rush Island Management LP, 34 East 51st Street, 14th Floor, New York, NY 10022
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Common Shares, Par Value $0.10 Per Share
(e)
CUSIP No.:
82981J851
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:
3,989,634
(b)
Percent of class:
7.6 %**
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
3,105,728
(ii) Shared power to vote or to direct the vote:
883,906*
(iii) Sole power to dispose or to direct the disposition of:
3,105,728
(iv) Shared power to dispose or to direct the disposition of:
883,906*
*Note: As of the close of business on December 31, 2025, Rush Island Management LP and its controlling persons beneficially owned 3,989,634 Shares, including 883,906 Shares held in Rush Island's Managed Accounts.
**Note: As of December 31, 2025, Rush Island Management LP and its controlling persons were the beneficial owners of approximately 7.6% of the outstanding Shares, based on 52,462,340 shares of Common Shares of the Issuer outstanding as of October 31, 2025, as reported in the Issuer's Form 10-Q filed on November 5, 2025, including 1.7% of the outstanding Shares held in Rush Island's Managed Accounts.
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.
What percentage of SITE Centers Corp. (SITC) shares does Rush Island report owning?
Rush Island-affiliated reporting persons disclose beneficial ownership of 3,989,634 SITE Centers common shares, or 7.6% of the class. This stake size makes them a significant shareholder under SEC rules, triggering this Schedule 13G/A disclosure of their holdings and voting/dispositive powers.
How many SITE Centers (SITC) shares does the Rush Island Master Fund directly control?
Rush Island Master, LP reports beneficial ownership of 3,105,728 SITE Centers common shares, or 5.9% of the class. It has sole voting and sole dispositive power over these shares, making the fund itself a more than 5% beneficial owner under SEC reporting thresholds.
Who are the reporting persons in the SITE Centers (SITC) Schedule 13G/A filing?
The filing lists Rush Island Master, LP, Rush Island Management, L.P., Rush Island Management GP LLC, Raleigh W. Nuckols, and Stephen Lewis Millham as reporting persons. They are related investment and management entities and individuals associated with Rush Island’s advisory business and governance structure.
Do the Rush Island reporting persons claim control intent over SITE Centers (SITC)?
The reporting persons certify the securities were not acquired and are not held to change or influence control of SITE Centers. They also state the holdings are not in connection with any control-related transaction, other than activities solely tied to a specific nomination rule reference.
Who is the record owner of the SITE Centers (SITC) shares reported by Rush Island?
The filing states that Rush Island’s advisory clients are the record and direct beneficial owners of the SITE Centers shares. The investment manager and related entities may be deemed to have indirect beneficial ownership through their advisory and control roles over those client accounts.
How is voting and dispositive power over SITE Centers (SITC) shares allocated in this filing?
The reporting group discloses sole voting and dispositive power over 3,105,728 shares and shared voting and dispositive power over 883,906 shares. In total, these positions sum to 3,989,634 common shares reported as beneficially owned across the Rush Island-related reporting persons.
