Camber Capital and Stephen DuBois Report 1.6M ZIMV Shares (5.7%)
Rhea-AI Filing Summary
ZimVie Inc. received an amended Schedule 13G filing showing that Camber Capital Management LP and Stephen DuBois each report beneficial ownership of 1,600,000 shares of ZimVie common stock, representing 5.7% of the class. The holdings are reported with shared voting and shared dispositive power and no sole voting or dispositive power. The filing is an amendment (No. 6) to the Schedule 13G and includes a certification stating the shares were not acquired to change or influence control of the issuer. Addresses for the filers and the issuer's principal executive office are provided, and a Joint Filing Agreement is listed as an exhibit.
Positive
- Material ownership disclosed: Camber Capital Management LP and Stephen DuBois each report 1,600,000 shares (5.7%), which is a reportable and material stake.
- Transparency on voting/dispositive power: Filing specifies shared voting and shared dispositive power and zero sole power, clarifying governance influence.
- Non-control certification included: Item 10 certifies the shares were not acquired to change or influence control, limiting immediate takeover concerns.
- Procedural completeness: Amendment No. 6, signatures, and a Joint Filing Agreement exhibit are provided, indicating compliance with reporting rules.
Negative
- None.
Insights
TL;DR: A 5.7% stake is material disclosure; it's informational rather than a confirmed strategic move.
The filing shows Camber Capital and Stephen DuBois each report beneficial ownership of 1,600,000 shares (5.7%). The disclosure of shared voting and dispositive power clarifies how voting authority is exercised. The Item 10 certification explicitly states the position is not intended to change control, which limits immediate governance implications. For investors, the primary takeaway is increased ownership transparency rather than an announced strategic action.
TL;DR: Reporting of a >5% position triggers regulatory visibility but includes a non-control certification.
The Schedule 13G/A indicates a reportable passive/non-control position by the filers, supported by the certification that the securities "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control" of ZimVie. The inclusion of a Joint Filing Agreement as an exhibit and signatures from authorized representatives meet procedural requirements. This filing clarifies ownership stakes without asserting activist intent.