Filing Details

1	NAMES OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	KBI Global Investors Ltd
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)☐
	(b)☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Dublin, Ireland
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER
		6	SHARED VOTING POWER
			1,487,056
		7	SOLE DISPOSITIVE POWER
		8	SHARED DISPOSITIVE POWER
			1,487,056
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,487,056
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐ Not Applicable
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	7.9%
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	FI

1	NAMES OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	KBI Global Investors (North America) Ltd
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)☐
	(b)☐
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Dublin, Ireland
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER
		6	SHARED VOTING POWER
			999,883
		7	SOLE DISPOSITIVE POWER
		8	SHARED DISPOSITIVE POWER
			999,883
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	999,883
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐ Not Applicable
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	5.3%
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	FI

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Item 1(a).

Name of Issuer:

Pico Holdings, Inc.

 

Item 1(b).

Address of Issuer's Principal Executive Offices:

3480 GS Richards Boulevard Suite 101

Carson City, NV 89703

 

Item 2(a).

Name of Person Filing:

Amundi

Amundi Asset Management

KBI Global Investors Ltd

KBI Global Investors (North America) Ltd

Item 2(b).

Address of Principal Business Office or, if none, Residence:

Amundi

91-93 boulevard Pasteur

75015 Paris, France

 

Amundi Asset Management

90 boulevard Pasteur

75015 Paris, France

KBI Global Investors Ltd

2 Harbourmaster Place,

IFSC,

Dublin 1,

Ireland,

D01 X56P3

KBI Global Investors (North America) Ltd

2 Harbourmaster Place,

IFSC,

Dublin 1,

Ireland,

D01 X56P3

Item 2(c).

Citizenship:

Both Amundi and Amundi Asset Management are organized under the laws of the Republic of France.

Both KBI Global Investors Ltd and KBI Global Investors (North America) Ltd are organized under the laws of Ireland.

Item 2(d).

Title of Class of Securities:

Item 2(e).

CUSIP Number:

693366205

Item 3.

If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or

240.13d-2(b) or (c), Check Whether the Person Filing Is a(n):

(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)

☐ Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E);

(f)

☐ Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F);

(g)

☐ Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G);

(h)

☐ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

☐ 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 Section 240.13d-1(b)(1)(ii)(J);

(k)

☐ Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________________ .

 

 

Item 4.

Ownership.

 

Amundi is a majority-owned affiliate of Credit Agricole S.A., a French bank.  Amundi Asset Management is a wholly-owned subsidiary of Amundi.

Both KBI Global Investors Ltd and KBI Global Investors (North America) Ltd are wholly-owned subsidiaries of Amundi Asset Managment.

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

Item 6.

Ownership of More Than Five 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.

Not Applicable.

Item 8.

Identification and Classification of Members of the Group.

Not Applicable.

Item 9.

Notice of Dissolution of Group.

Not Applicable.

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.

 

	Company Name
		KBI Global Investors (North America) Ltd
	By:	/s/ Noel O'Halloran
		Name: Noel O'Halloran
		Title: Chief Investment Officer of KBI

 

 

 

AGREEMENT

 

Each of the undersigned, pursuant to Rule 13d-1(k)(l) under the Securities Exchange Act of 1934, as amended, hereby agrees that only one statement containing the information required by Schedule 13G needs be filed with respect to the ownership by each of the undersigned of the shares of ordinary shares of Pico Holdings, Inc. that the Schedule 13G to which this Agreement is appended as Exhibit 1 is to be filed with the Securities and Exchange Commission on behalf of each of the undersigned on or about the date hereof.

 

EXECUTED as a sealed instrument this 16th day of February, 2021.

 

	Company Name
		Amundi
	By:	/s/ Lisa M. Jones
		Name: Lisa M. Jones
		Title: President and Chief Executive Officer
		Head of the Americas
		Amundi US, Inc.
		By Power of Attorney

 

	Company Name
		Amundi Asset Management
	By:	/s/ Lisa M. Jones
		Name: Lisa M. Jones
		Title: President and Chief Executive Officer
		Head of the Americas
		Amundi US, Inc.
		By Power of Attorney

 

	Company Name
		KBI Global Investors Ltd
	By:	/s/ Noel O'Halloran
		Name: Noel O'Halloran
		Title: Chief Investment Officer of KBI

 

	Company Name
		KBI Global Investors (North America) Ltd
	By:	/s/ Noel O'Halloran
		Name: Noel O'Halloran
		Title: Chief Investment Officer of KBI