Form 13G’s must be filed with the SEC upon any investor or entity amassing at least 5% of a company’s outstanding shares, or alternatively, an investment falling beneath the 5% ownership threshold. Investors should closely monitor this filing activity, as it represents the trading activity of some of the company’s biggest supporters, who have doubtlessly done an immense amount of research on the company and its sector and have a good understanding of its value and potential. Below we have embedded just such a filing, issued by Larry Robbins‘ Glenview Capital, as its position in PVH Corp (NYSE:PVH) has fallen to 2.98% of the company’s shares, from 5.27% held as of the end of September. Billionaire Robbins’ firm now owns 2.44 million shares of PVH Corp.
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 |
---|---|---|---|---|---|---|
GLENVIEW CAPITAL MANAGEMENT | 0 | 2,440,609 | 0 | 2,440,609 | 2,440,609 | 2.98% |
LARRY ROBBINS | 0 | 2,440,609 | 0 | 2,440,609 | 2,440,609 | 2.98% |
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Page 2 of 10 SEC Filing
CUSIP No.: 693656100 | Page 2 of 10 Pages |
1. | Names of Reporting Persons. GLENVIEW CAPITAL MANAGEMENT, LLC | |||
2. | Check the Appropriate Box if a Member of a Group (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 | 0 | |
6. | Shared Voting Power | 2,440,609 | ||
7. | Sole Dispositive Power | 0 | ||
8. | Shared Dispositive Power | 2,440,609 | ||
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 2,440,609 | |||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | |||
11. | Percent of Class Represented by Amount in Row (9) 2.98% | |||
12. | Type of Reporting Person: OO |
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Page 3 of 10 SEC Filing
CUSIP No.: 693656100 | Page 3 of 10 Pages |
1. | Names of Reporting Persons. LARRY ROBBINS | |||
2. | Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] | |||
3. | SEC Use Only | |||
4. | Citizenship or Place of Organization United States of America | |||
Number of Shares Beneficially Owned by Each Reporting Person With | 5. | Sole Voting Power | 0 | |
6. | Shared Voting Power | 2,440,609 | ||
7. | Sole Dispositive Power | 0 | ||
8. | Shared Dispositive Power | 2,440,609 | ||
9. | Aggregate Amount Beneficially Owned by Each Reporting Person 2,440,609 | |||
10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | |||
11. | Percent of Class Represented by Amount in Row (9) 2.98% | |||
12. | Type of Reporting Person: IN, HC |
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Page 4 of 10 SEC Filing
Page 4 of 10 Pages |
Item 1(a). | Name of Issuer |
Item 1(b). | Address of Issuer’s Principal Executive Offices: |
Item 2(a). | Name of Person Filing |
Item 2(b). | Address of Principal Business Office or, if None, Residence: |
Item 2(c). | Citizenship: |
Item 2(d). | Title of Class of Securities: |
Item 2(e). | CUSIP Number: |
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Page 5 of 10 SEC Filing
Page 5 of 10 Pages |
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: |
Item 4. | Ownership: |
Item 4(a) | Amount Beneficially Owned: |
Item 4(b) | Percent of Class: |
Item 4(c) | Number of Shares as to which such person has: |
(i) Sole power to vote or direct the vote: | 0 |
(ii) Shared power to vote or direct the vote: | 2,440,609 |
(iii) Sole power to dispose or direct the disposition of: | 0 |
(iv) Shared power to dispose or direct the disposition of: | 2,440,609 |
Item 5. | Ownership of Five Percent or Less of a Class: |
Item 6. | Ownership of More than Five Percent on Behalf of Another Person: |
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Page 6 of 10 SEC Filing
Page 6 of 10 Pages | ||
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person: |
See disclosure in Item 2 hereof. | |
Item 8. | Identification and Classification of Members of the Group: |
Item 9. | Notice of Dissolution of Group: |
Item 10. | Certification: |
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Page 7 of 10 SEC Filing
Page 7 of 10 Pages |
GLENVIEW CAPITAL MANAGEMENT, LLC | |||||
By: | /s/ Mark J. Horowitz | ||||
Mark J. Horowitz | |||||
President of Glenview Capital Management, LLC | |||||
LARRY ROBBINS | |||||
By: | /s/ Mark J. Horowitz | ||||
Mark J. Horowitz, attorney-in-fact for Larry Robbins |
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Page 8 of 10 SEC Filing
Page 8 of 10 Pages |
Ex. | Page No. |
A | Joint Filing Agreement | 9 |
B | Power of Attorney | 10 |
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Page 9 of 10 SEC Filing
Page 9 of 10 Pages |
GLENVIEW CAPITAL MANAGEMENT, LLC | |||||
By: | /s/ Mark J. Horowitz | ||||
Mark J. Horowitz | |||||
President of Glenview Capital Management, LLC | |||||
LARRY ROBBINS | |||||
By: | /s/ Mark J. Horowitz | ||||
Mark J. Horowitz, attorney-in-fact for Larry Robbins |
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Page 10 of 10 SEC Filing
Page 10 of 10 Pages |