David Charney and Sky Wilber‘s Foundation Asset Management has just filed a Form 13D with the SEC, updating the regulatory body on the latest pertinent information related to its position in Stewart Information Services Corp (NYSE:STC). The activist filing shows a 1.43 million-share position in the stock, a slight increase from the 1.42 million-share stake it held in the stock at the end of December, when it ranked as the fund’s second-largest position. You can see the latest ownership position in the table below, while the filing is embedded below and on the following pages.
You can access the original SEC filing by clicking here.
Ownership Summary Table
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
FOUNDATION OFFSHORE MASTER FUND, LTD | 1,431,796 | 1,431,796 | 1,431,796 | 1,431,796 | 1,431,796 | 6.4% |
FOUNDATION ASSET MANAGEMENT | 1,431,796 | 1,431,796 | 1,431,796 | 1,431,796 | 1,431,796 | 6.4% |
FOUNDATION ASSET MANAGEMENT GP II | 1,431,796 | 1,431,796 | 1,431,796 | 6.4% | ||
DAVID CHARNEY | 1,000 | 1,000 | 1,431,796 | 6.4% | ||
SKY WILBER | 1,432,796 | 6.4% |
Follow David Charney And Sky Wilber's Foundation Asset Management
Page 1 of 9 SEC Filing
(Name, Address and Telephone Number of Person
Follow Stewart Information Services Corp (NYSE:STC)
Follow Stewart Information Services Corp (NYSE:STC)
Page 2 of 9 SEC Filing
1 | NAME OF REPORTING PERSON FOUNDATION OFFSHORE MASTER FUND, LTD. | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) x | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS WC | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION CAYMAN ISLANDS | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 1,431,796 | |
8 | SHARED VOTING POWER – 0 – | ||
9 | SOLE DISPOSITIVE POWER 1,431,796 | ||
10 | SHARED DISPOSITIVE POWER – 0 – | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,431,796 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% | ||
14 | TYPE OF REPORTING PERSON CO |
Follow Stewart Information Services Corp (NYSE:STC)
Follow Stewart Information Services Corp (NYSE:STC)
Page 3 of 9 SEC Filing
1 | NAME OF REPORTING PERSON FOUNDATION ASSET MANAGEMENT, LP | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) x | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS OO | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 1,431,796 | |
8 | SHARED VOTING POWER – 0 – | ||
9 | SOLE DISPOSITIVE POWER 1,431,796 | ||
10 | SHARED DISPOSITIVE POWER – 0 – | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,431,796 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% | ||
14 | TYPE OF REPORTING PERSON PN |
Follow Stewart Information Services Corp (NYSE:STC)
Follow Stewart Information Services Corp (NYSE:STC)
Page 4 of 9 SEC Filing
1 | NAME OF REPORTING PERSON FOUNDATION ASSET MANAGEMENT GP II, LLC | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) x | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS OO | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 1,431,796 | |
8 | SHARED VOTING POWER – 0 – | ||
9 | SOLE DISPOSITIVE POWER 1,431,796 | ||
10 | SHARED DISPOSITIVE POWER – 0 – | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,431,796 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% | ||
14 | TYPE OF REPORTING PERSON OO |
Follow Stewart Information Services Corp (NYSE:STC)
Follow Stewart Information Services Corp (NYSE:STC)
Page 5 of 9 SEC Filing
1 | NAME OF REPORTING PERSON DAVID CHARNEY | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) x | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS OO | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER – 0 – | |
8 | SHARED VOTING POWER 1,431,796 | ||
9 | SOLE DISPOSITIVE POWER – 0 – | ||
10 | SHARED DISPOSITIVE POWER 1,431,796 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,431,796 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% | ||
14 | TYPE OF REPORTING PERSON IN |
Follow Stewart Information Services Corp (NYSE:STC)
Follow Stewart Information Services Corp (NYSE:STC)
Page 6 of 9 SEC Filing
1 | NAME OF REPORTING PERSON SKY WILBER | ||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) o (b) x | |
3 | SEC USE ONLY | ||
4 | SOURCE OF FUNDS OO, PF | ||
5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e) | ¨ | |
6 | CITIZENSHIP OR PLACE OF ORGANIZATION USA | ||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER 1,000 | |
8 | SHARED VOTING POWER 1,431,796 | ||
9 | SOLE DISPOSITIVE POWER 1,000 | ||
10 | SHARED DISPOSITIVE POWER 1,431,796 | ||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,432,796 | ||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | o | |
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 6.4% | ||
14 | TYPE OF REPORTING PERSON IN |
Follow Stewart Information Services Corp (NYSE:STC)
Follow Stewart Information Services Corp (NYSE:STC)
Page 7 of 9 SEC Filing
Item 3. | Source and Amount of Funds or Other Consideration. |
Item 5. | Interest in Securities of the Issuer. |
Follow Stewart Information Services Corp (NYSE:STC)
Follow Stewart Information Services Corp (NYSE:STC)
Page 8 of 9 SEC Filing
Foundation Offshore Master Fund, Ltd. | |||
By: | /s/ Sky Wilber | ||
Name: | Sky Wilber | ||
Title: | Director |
Foundation Asset Management, LP | |||
By: | /s/ Sky Wilber | ||
Name: | Sky Wilber | ||
Title: | Managing Member |
Foundation Asset Management GP II, LLC | |||
By: | /s/ Sky Wilber | ||
Name: | Sky Wilber | ||
Title: | Managing Member |
/s/ David Charney | |
David Charney |
/s/ Sky Wilber | |
Sky Wilber |
Follow Stewart Information Services Corp (NYSE:STC)
Follow Stewart Information Services Corp (NYSE:STC)
Page 9 of 9 SEC Filing
Shares of Common Stock Purchased/(Sold) | Price Per Share($) | Date of Purchase |
(4,000) | 34.7125 | 02/18/2016 |
8,000 | 34.5990 | 02/19/2016 |
4,000 | 34.6272 | 02/22/2016 |