Global X Cybersecurity ETF reports 1.52 M Telos shares in 13G filing

Rhea-AI Filing Summary

Global X Management Company LLC (GXMC) filed Amendment No. 2 to Schedule 13G on 8 July 2025, reflecting its ownership in Telos Corporation (TLS) as of 30 June 2025. GXMC, a Delaware-registered investment adviser to the Global X Cybersecurity ETF, reported beneficial ownership of 1,522,528 common shares, equal to 2.07 % of Telos’ outstanding stock. The firm holds sole voting and sole dispositive power over the entire position, with no shared powers disclosed. GXMC states the shares were acquired in the ordinary course of business and not for the purpose of influencing control of Telos. Because the holding is below the 5 % threshold, the filing falls under the passive investor exemption of Rule 13d-1(b). No financial performance metrics, strategic actions, or intent to alter corporate governance are included; the document serves solely to update regulatory ownership information.

Insights

Securities Analyst

TL;DR: Routine 13G/A shows Global X ETF owns 2.07 % of TLS; negligible strategic impact.

The disclosure confirms that GXMC, on behalf of its Cybersecurity ETF, holds 1.52 million Telos shares. The stake is passive, with no control intent, and well below the 5 % materiality line. Such routine ownership updates usually have minimal trading impact unless they signal notable accumulation or liquidation trends, which this filing does not reveal. Investors should note the presence of a thematic ETF in Telos but should not expect governance changes or transaction catalysts stemming from this stake.

Portfolio Manager

TL;DR: Passive ETF stake disclosure—informational only, unlikely to affect valuation.

From a portfolio-construction view, this 2.07 % position is modest and held across an index-tracking vehicle, limiting buy-sell discretion. The filing neither adds nor removes fundamental value signals for Telos; liquidity or ownership concentration risks remain unchanged. Accordingly, the news is considered neutral and not actionable for most investment strategies.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

TELOS CORP

(Name of Issuer)

Common stock, $0.001 par value per share

(Title of Class of Securities)

87969B101

(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. 87969B101

1

Names of Reporting Persons

Global X Management CO 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 1,522,528.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,522,528.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,522,528.00

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)

2.07 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TELOS CORP
(b)	Address of issuer's principal executive offices: 19886 ASHBURN ROAD, ASHBURN, Virginia, 20147
Item 2.
(a)	Name of person filing: Global X Management Company LLC ("GXMC")
(b)	Address or principal business office or, if none, residence: 605 3rd Avenue, 43rd Floor New York, NY 10158
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common stock, $0.001 par value per share
(e)	CUSIP No.: 87969B101
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: The information in Items 1 and 5 through 11 on the cover pages (p. 2) on Schedule 13G is hereby incorporated by reference. GXMC is a registered investment adviser that furnishes investment advice to the Global X Cybersecurity ETF (the "Fund"), a separate series of Global X Funds, an investment company registered under Section 8 of the Investment Company Act of 1940. As a result of its role as investment adviser to the Fund, GXMC may be deemed to be the beneficial owner of shares of Telos Corp. held by the Fund. However, GXMC does not have the right to receive any dividends from, or the proceeds from the sale of, the securities held in the Fund and disclaims any ownership associated with such rights.
(b)	Percent of class: 2.07 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,522,528
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,522,528
	(iv) Shared power to dispose or to direct the disposition of: 0
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.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Global X Cybersecurity ETF, set forth in Item 4 above, has the right to receive all dividends from, and the proceeds from the sale of, the securities held in its respective account. These shares were acquired in the ordinary course of business, and not with the purpose of changing or influencing control of the issuer.
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 acquired and are held in the ordinary course of business and 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.

Global X Management CO LLC

Signature:	/s/ Ryan O'Connor
Name/Title:	Ryan O'Connor, Chief Executive Officer
Date:	07/08/2025

FAQ

How many Telos (TLS) shares does Global X Management Company LLC own?

GXMC reports beneficial ownership of 1,522,528 common shares.

What percentage of Telos’ outstanding stock is held by Global X?

The filing states the stake represents 2.07 % of the class.

Is Global X’s stake in Telos considered passive or active?

GXMC filed under Rule 13d-1(b) as a passive investment adviser with no intent to influence control.

Which Global X fund owns the Telos shares?

The Global X Cybersecurity ETF holds the shares, with GXMC acting as the investment adviser.

Does the Schedule 13G/A indicate any planned changes at Telos?

No; the document contains ownership disclosure only and states the shares were acquired in the ordinary course of business.