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iPass Inc (IPAS): Adam Hutt’s Leviticus Partners Keeps Buying

iPass Inc (NASDAQ:IPAS) shares are up more than 13% this year partly because of recent hedge fund interest. Adam Hutt’s Leviticus Partners disclosed a 5.6% stake a month and a half ago. This week, in another filing, the same hedge fund revealed that it boosted its stake to 7.7%.

iPass Inc (IPAS) is a tiny company by hedge fund standards, yet two hedge funds, Leviticus Partners and Renaissance Technologies, own around 11.5% of its outstanding shares. It is noteworthy that hedge funds are overweight this tiny company.

The details of this week’s filing can be seen below:

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
AMH Equity 4,990,841 7.73%
Leviticus Partners 4,990,841 7.73%

Page 1 of 4 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934
(AMENDMENT NO. 1)*

iPass Inc.
——————————————————————–
(Name of Issuer)

Common Stock
——————————————————————
(Title of Class of Securities)

46261V108
———————————————————————-
(CUSIP Number)

04/04/2016
———————————————————————-
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
schedule
is filed:

/ / Rule 13d-i(b)
/X / Rule 13d-i(c)
/ / Rule 13d-i(d)

————————
*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 the disclosures provided in a prior cover page.

The information required in 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.

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