Schedule 13G: Cooper Creek Reports 3.2% Stake in STNG
Rhea-AI Filing Summary
Cooper Creek Partners Management LLC reports beneficial ownership of 1,612,171 shares of Scorpio Tankers Inc. common stock, equal to 3.2% of the class. The filing states the filer has sole voting and sole dispositive power over these shares and no shared power. The reporting person is identified as John McCleary and the filer is classified as an investment adviser organized in Delaware. The filing includes certifications that the securities were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.
Positive
- Clear disclosure of exact beneficial ownership: 1,612,171 shares representing 3.2% of the class
- Certification that the securities are held in the ordinary course and not to influence control, reducing governance uncertainty
Negative
- None.
Insights
TL;DR: A disclosed 3.2% passive holding with sole voting/dispositive power; unlikely to move market or signal control intent.
The filing documents a 1,612,171-share stake representing 3.2% of Scorpio Tankers' common stock, with the filer reporting sole voting and dispositive power and no shared power. Because this is reported on Schedule 13G and the filer certifies the position is held in the ordinary course and not to influence control, the position appears passive and non-disruptive to governance. For investors, the holding is material enough to note but below common 5% thresholds that often trigger heightened scrutiny.
TL;DR: Transparent disclosure and explicit certification reduce governance concerns; ownership is non-controlling.
The statement identifies Cooper Creek Partners Management LLC (Delaware) as the reporting entity and John McCleary as the reporting person. The filing conveys sole voting and dispositive authority over the reported shares and repeats a certification that the shares were not acquired to change or influence issuer control. This clear disclosure and the Schedule 13G context indicate a passive investment posture, implying limited governance impact from this holder.