Joseph Jolson‘s Harvest Capital Strategies has filed a 13D on Green Dot Corporation (NYSE:GDOT) disclosing a large increase to the firm’s position in the company. Mr. Jolson’s firm now owns 4.60 million shares of the bank holding company, up from 3.64 million shares as reported in mid-March, when the firm revealed its plan to nominate three directors for election to the company’s board at its annual shareholders’ meeting, which is yet to have an official date. Mr. Jolson’s firm expressed its discontent with the company’s performance in a letter and presentation on January 25, describing a number of serious issues that the “complacent and misaligned Board of Directors” has failed to address. While shares of Green Dot enjoyed a strong 2013 after Harvest Capital Strategies opened a position in late 2012, they have floundered since, being down by about 9% since the start of 2014.
At Q4’s end, a total of 12 of the hedge funds tracked by Insider Monkey were bullish on this stock, down by 25% from the third quarter. Harvest Capital Strategies held the largest position (it also ranked as the fund’s largest long position), followed by Citadel Investment Group, managed by Ken Griffin, which held a $24 million position. Some other hedge funds and institutional investors with similar optimism contained Peter S. Park’s Park West Asset Management, Malcolm Fairbairn’s Ascend Capital, and Thomas E. Claugus’ GMT Capital.
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|
|JEFFREY B. OSHER||4,597,000||4,597,000||4,597,000||9.2%|
|HARVEST CAPITAL STRATEGIES||4,559,640||4,559,640||4,559,640||9.1%|
|HARVEST SMALL CAP PARTNERS MASTER, LTD||1,968,324||1,968,324||1,968,324||3.9%|
|HARVEST SMALL CAP PARTNERS||1,481,676||1,481,676||1,481,676||3.0%|
|HSCP STRATEGIC I||1,000,000||1,000,000||1,000,000||2.0%|
|HARVEST FINANCIAL PARTNERS||47,466||47,466||47,466||Less than 1%|
|DONALD DESTINO||109,640||109,640||109,640||Less than 1%|
|CRAIG BAUM||7,500||7,500||7,500||Less than 1%|
|SATURNINO FANLO||4,000||4,000||4,000||Less than 1%|
|GEORGE W. GRESHAM||4,050||4,050||4,050||0%|
|PHILIP B. LIVINGSTON||Less than 1%|
Page 1 of 20 – SEC Filing
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