Tejon Ranch Co. Schedule 13G reports that Nitor Capital Management LLC and David Spier each report shared voting and dispositive power over 1,681,564 shares of Tejon Ranch common stock, representing 6.2% of the class. The percentage is calculated using 26,930,197 Shares issued and outstanding as of February 28, 2026. The filing states the shares are held by private funds and separately managed accounts for which Nitor is investment manager, and the Reporting Persons disclaim beneficial ownership except for any pecuniary interest.
Positive
None.
Negative
None.
Insights
Passive 13G stake: disclosure of shared voting/dispositive power over 6.2% of Tejon Ranch.
This Schedule 13G indicates passive investor status: the Reporting Persons identify shared voting and dispositive power over 1,681,564 shares, calculated from the issuer's stated outstanding share count as of February 28, 2026.
Key dependencies include the holdings being held in funds and managed accounts; subsequent filings could change ownership reporting if the holder's intent or activity changes.
Key Figures
Reported shares controlled:1,681,564 sharesPercent of class:6.2%Shares outstanding used:26,930,197 shares+1 more
4 metrics
Reported shares controlled1,681,564 sharesShared voting/dispositive power reported by Nitor/Spier
Percent of class6.2%Percent of common stock calculated by Reporting Persons
Shares outstanding used26,930,197 sharesIssuer's Form 10-K stated outstanding as of February 28, 2026
CUSIP879080109Identifier for Tejon Ranch common stock
"Amount beneficially owned: Nitor Capital Management LLC - 6.2%"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"Shared Dispositive Power 1,681,564.00"
Schedule 13Gregulatory
"form_type: SCHEDULE 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Tejon Ranch Co.
(Name of Issuer)
Common Stock, $0.50 par value
(Title of Class of Securities)
879080109
(CUSIP Number)
03/31/2026
(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
CUSIP Number(s):
879080109
1
Names of Reporting Persons
Nitor Capital Management 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
NEW YORK
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,681,564.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,681,564.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,681,564.00
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)
6.2 %
12
Type of Reporting Person (See Instructions)
IA, OO
Comment for Type of Reporting Person: Please see note in Item 4(a)
SCHEDULE 13G
CUSIP Number(s):
879080109
1
Names of Reporting Persons
David Spier
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,681,564.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,681,564.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,681,564.00
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)
6.2 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: Please see note in Item 4(a)
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Tejon Ranch Co.
(b)
Address of issuer's principal executive offices:
4436 Lebec Road, PO Box 1000
Lebec, California 93243
Item 2.
(a)
Name of person filing:
Nitor Capital Management LLC*
David Spier*
(b)
Address or principal business office or, if none, residence:
600 Sylvan Avenue, Englewood Cliffs, NJ 07632
(c)
Citizenship:
Nitor Capital Management LLC - New York
David Spier - USA
(d)
Title of class of securities:
Common Stock, $0.50 par value
(e)
CUSIP Number(s):
879080109
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:
Nitor Capital Management LLC - 6.2%*
David Spier - 6.2%*
*The Common Stock (the "Shares") of Tejon Ranch Co. (the "Issuer") reported herein represents Shares that are held by a private investment fund and separately managed accounts (the "Nitor Entities") for which Nitor Capital Management LLC serves as the investment manager (the "Investment Manager"). David Spier serves as the managing member of the Investment Manager (the "Managing Member," and collectively with the Nitor Entities and the Investment Manager, the "Reporting Persons"). By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the Nitor Entities.
The percentages reported herein are calculated based upon a statement in the Issuer's Form 10-K, filed on March 19, 2026, indicating that there are 26,930,197 Shares issued and outstanding as of February 28, 2026 .
This report shall not be deemed an admission that the Reporting Persons are beneficial owners of the Shares for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of the Reporting Persons pecuniary interest, if any, therein.
(b)
Percent of class:
Nitor Capital Management LLC - 6.2%*
David Spier - 6.2%*
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Nitor Capital Management LLC - 0
David Spier - 0
(ii) Shared power to vote or to direct the vote:
Nitor Capital Management LLC - 1,681,564*
David Spier - 1,681,564*
(iii) Sole power to dispose or to direct the disposition of:
Nitor Capital Management LLC - 0
David Spier - 0
(iv) Shared power to dispose or to direct the disposition of:
Nitor Capital Management LLC - 1,681,564*
David Spier - 1,681,564*
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 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.
