40 North Management Trims Exposure to Columbia Property Trust, Inc. (CXP)

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David S. Winter and David J. Millstone‘s 40 North Management has reported its stake in Columbia Property Trust Inc (NYSE:CXPvia a 13D filing with the Securities and Exchange Commission. The filing showed that 40 North owns around 6.16 million shares of Columbia Property Trust, which is equal to 5% of the company’s outstanding stock. The stake is lower than the 8.46 million shares that 40 North Management reported in its last 13F filing.

Overall, among the investors in our database, Columbia Property Trust Inc (NYSE:CXP)’s popularity declined by two during the last three months of 2015. In this way, at the end of last year, seven funds held long positions in the stock, while 40 North was the largest shareholder. David E. Shaw’s D. E. Shaw & Co. also disclosed a $17.2 million stake in the company in its last 13F filing. Other bullish investors include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, Paul Tudor Jones’s Tudor Investment Corp and Ray Carroll’s Breton Hill Capital.

On the other hand, John Overdeck and David Siegel’s Two Sigma Advisors sold off the largest stake in Columbia Property Trust Inc (NYSE:CXP) among the funds followed by Insider Monkey, comprising close to $1.8 million in stock and David Costen Haley’s HBK Investments unloaded some $700,000 worth of Columbia Property Trust’s shares.

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
40 NORTH MANAGEMENT LLC 6,158,909 0 6,158,909 0 6,158,909 5.0%
40 NORTH GP III LLC 0 6,158,909 0 6,158,909 6,158,909 5.0%
40 NORTH LATITUDE MASTER FUND LTD. 0 6,158,909 0 6,158,909 6,158,909 5.0%
40 NORTH LATITUDE SPV-C LLC 0 6,158,909 0 6,158,909 6,158,909 5.0%
40 NORTH LATITUDE FUND LP 0 6,158,909 0 6,158,909 6,158,909 5.0%
DAVID S. WINTER 0 6,158,909 0 6,158,909 6,158,909 5.0%
DAVID J. MILLSTONE 0 6,158,909 0 6,158,909 6,158,909 5.0%

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Page 1 of 13 SEC Filing

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

(Amendment No. 3)*

Under the Securities Exchange Act of 1934

Columbia Property Trust, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

198287203

(CUSIP Number)

David S. Winter

David J. Millstone

40 North Management LLC

9 West 57th Street, 30th Floor

New York, New York 10019

(212) 821-1600

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

COPIES TO:

Robert W. Downes, Esq.

Sullivan & Cromwell LLP

125 Broad Street

New York, New York 10004-2498

(212) 558-4312

March 14, 2016

(Date of Event which Requires Filing of this
Statement)

If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e),
240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule §240.13d-7 for other parties to whom copies are
to be sent.

*    The remainder
of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).

Continued on the following pages

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