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Teamshares gets 1.61% stake filing from Magnetar

Magnetar-affiliated funds report a 1.61% beneficial stake in Teamshares Inc., with shared voting and dispositive power over 855,000 common shares.

(Moderate)
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Teamshares Inc. (TMS) received an amended Schedule 13G/A reporting that Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman collectively beneficially owned 855,000 shares of Teamshares common stock as of June 30, 2026.

This position represents approximately 1.61% of the outstanding shares, based on 73,660,516 shares outstanding reported in Teamshares’ Form 10-Q filed on August 14, 2026. The reporting group has shared voting and dispositive power over all 855,000 shares and no sole voting or dispositive power, and confirms ownership of 5 percent or less of the class.

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Beneficial ownership 855,000 shares Teamshares common stock beneficially owned by the Magnetar reporting group as of June 30, 2026
Percent of class 1.61% Portion of Teamshares common stock outstanding represented by the Magnetar group’s 855,000 shares
Shares outstanding 73,660,516 shares Teamshares common shares outstanding used to compute ownership percentage, from Form 10-Q filed August 14, 2026
Shared voting power 855,000 shares Shares over which the reporting persons share power to vote or direct the vote
Sole voting power 0 shares Shares over which the reporting persons have sole power to vote or direct the vote
Constellation Master Fund allocation 188,102 shares Portion of the 855,000 Teamshares shares held for Magnetar Constellation Master Fund, Ltd
Lake Credit Fund allocation 171,004 shares Portion of the 855,000 Teamshares shares held for Magnetar Lake Credit Fund LLC
Beneficial owner financial
"each of the Reporting Persons were deemed to be the beneficial owner constituting approximately 1.61%"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Shared voting power financial
"Shared power to vote or to direct the vote: 855,000"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
Dispositive power financial
"Shared power to dispose or to direct the disposition of: 855,000"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13G/A regulatory
"Ownership of 5 Percent or Less of a Class. | Ownership of 5 percent or less of a class"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Power of Attorney regulatory
"Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

FAQ

What ownership stake in Teamshares Inc. (TMS) do the Magnetar entities report in this Schedule 13G/A?

They report beneficial ownership of 855,000 Teamshares common shares, representing about 1.61% of the outstanding stock as of June 30, 2026, based on 73,660,516 shares outstanding disclosed in Teamshares’ Form 10-Q filed on August 14, 2026.

Who are the reporting persons in the Teamshares Inc. (TMS) Schedule 13G/A amendment?

The reporting persons are Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman. Magnetar Financial advises the Magnetar Funds, Magnetar Capital Partners is its sole member, Supernova Management is the general partner, and Mr. Snyderman is Supernova’s administrative manager.

How much voting and dispositive power over TMS shares do the Magnetar entities report?

They report 0 shares with sole voting or dispositive power and 855,000 shares with shared voting and shared dispositive power. All voting and investment decisions for these shares are exercised on a shared basis across the reporting group linked to the Magnetar Funds.

How is the 855,000-share Teamshares (TMS) position allocated among the Magnetar Funds?

The 855,000 shares consist of 188,102 for Constellation Master Fund, 171,004 for Lake Credit Fund, 145,351 each for Structured Credit Fund and Xing He Master Fund, 94,094 for Alpha Star Fund, 68,397 for SC Fund, 25,649 for Waterfront Series A Fund, and 17,097 for Purpose Alternative Credit Fund - T.

Does this Schedule 13G/A indicate that Magnetar owns more or less than 5% of Teamshares (TMS)?

The filing states that the reporting persons’ holdings constitute 5 percent or less of the class. Their 1.61% beneficial ownership of Teamshares common stock is below the 5% threshold used for significant beneficial ownership reporting.

What date is used to calculate the Magnetar group’s percentage ownership of Teamshares (TMS)?

The percentage is calculated as of June 30, 2026. The 1.61% figure is based on 73,660,516 Teamshares common shares outstanding, as reported by Teamshares in its Form 10-Q filed on August 14, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





87821B109

(CUSIP Number)
06/30/2026

(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)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



MAGNETAR FINANCIAL LLC
Signature:/s/ Hayley Stein
Name/Title:Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:09/04/2026
MAGNETAR CAPITAL PARTNERS LP
Signature:/s/ Hayley Stein
Name/Title:Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:09/04/2026
SUPERNOVA MANAGEMENT LLC
Signature:/s/ Hayley Stein
Name/Title:Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:09/04/2026
DAVID J. SNYDERMAN
Signature:/s/ Hayley Stein
Name/Title:Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:09/04/2026

Comments accompanying signature: MAGNETAR FINANCIAL LLC BY: Magnetar Capital Partners LP, its Sole Member BY: Supernova Management LLC, its General Partner MAGNETAR CAPITAL PARTNERS LP By: Supernova Management LLC, its General Partner
Exhibit Information

99.1 Joint Filing Agreement, dated as of September 4, 2026, among the Reporting Persons. 99.2 Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons on September 4, 2026.

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