Samjo Management and Andrew Wiener Hold 4.2% of Thryv (THRY)
Rhea-AI Filing Summary
Samjo Management, LLC and Andrew N. Wiener report beneficial ownership of 1,840,025 shares of Thryv Holdings common stock, representing 4.2% of the class. The filing states these securities are directly owned by advisory clients of Samjo and that none of those clients may be deemed to beneficially own more than 5% of the common stock.
The report discloses no sole voting or dispositive power (both are 0), while showing shared voting power of 1,021,400 shares and shared dispositive power of 1,840,025 shares. Samjo is classified as an investment adviser (IA) and Mr. Wiener as HC, and the filers disclaim beneficial ownership beyond pecuniary interest.
Positive
- Beneficial ownership disclosed: 1,840,025 shares representing 4.2% of Thryv common stock
- Securities held for advisory clients, with the filing stating no single advisory client is deemed to own more than 5%
- Transparent power disclosures: shared voting power of 1,021,400 and shared dispositive power of 1,840,025
Negative
- No sole voting power (reported as 0), so the reporting persons lack unilateral control
- Position under 5% (4.2%) limits potential to effect material governance changes on their own
Insights
TL;DR: A passive advisory stake of 1.84M shares (4.2%) signals monitoring exposure with limited immediate market impact.
The filing documents a sub-5% position held for advisory clients, totaling 1,840,025 shares, which by rule typically reflects an investment/monitoring posture rather than a control or activist intent. The absence of sole voting or dispositive power and the explicit statement that holdings are held in the ordinary course of business reduce the likelihood of near-term corporate governance action driven by these holders. Shared voting power of 1,021,400 indicates some joint influence over votes but no unilateral control.
TL;DR: No sole voting/dispositive power and ownership below 5% imply limited governance influence from these reporting persons.
The report clarifies that the securities are owned by advisory clients of Samjo Management and includes a disclaimer of broader beneficial ownership. With sole voting and dispositive power reported as zero, the reporting persons cannot unilaterally direct votes or dispositions. Classification of Samjo as an investment adviser and Andrew Wiener as HC is noted, and the filing structure and disclosures are consistent with a passive, client-held position rather than a control stake.