[Form 4] Healthpeak Properties, Inc. Insider Trading Activity
Shah Capital Management Inc. and Shah Capital Opportunity Fund LP filed Amendment No. 6 to Schedule 13G on Cheer Holding, Inc. (CUSIP G39973204) for the period ended 30 June 2025. The filing shows the two reporters jointly hold 2,110,000 ordinary shares, equal to 18.13 % of Cheer Holding鈥檚 outstanding equity. Both entities report shared voting and dispositive power over the entire block and no sole authority.
Shah Capital, a North Carolina鈥揵ased investment adviser, and its Delaware limited-partnership fund certify the stake was acquired and is held in the ordinary course of business, with no present intent to change or influence control of the issuer. The document is signed by Himanshu H. Shah (President/CIO) on 6 Aug 2025.
The disclosed position makes Shah Capital one of Cheer Holding鈥檚 largest known shareholders, underscoring continued institutional interest after five prior amendments, although the filing provides no guidance on future transactions or strategic initiatives.
Shah Capital Management Inc. e Shah Capital Opportunity Fund LP hanno presentato l'Emendamento n. 6 al Modulo 13G relativo a Cheer Holding, Inc. (CUSIP G39973204) per il periodo terminato il 30 giugno 2025. La dichiarazione indica che i due soggetti detengono congiuntamente 2.110.000 azioni ordinarie, pari al 18,13% del capitale sociale in circolazione di Cheer Holding. Entrambe le entit脿 riportano di avere potere di voto e di disposizione condiviso sull'intero blocco e nessuna autorit脿 esclusiva.
Shah Capital, un consulente d'investimento con sede in North Carolina, e il suo fondo in forma di societ脿 in accomandita del Delaware certificano che la partecipazione 猫 stata acquisita e viene detenuta nell'ordinaria attivit脿 commerciale, senza alcuna intenzione attuale di modificare o influenzare il controllo dell'emittente. Il documento 猫 firmato da Himanshu H. Shah (Presidente/CIO) il 6 agosto 2025.
La posizione dichiarata rende Shah Capital uno dei maggiori azionisti noti di Cheer Holding, sottolineando l'interesse istituzionale continuo dopo cinque precedenti emendamenti, anche se la dichiarazione non fornisce indicazioni su future transazioni o iniziative strategiche.
Shah Capital Management Inc. y Shah Capital Opportunity Fund LP presentaron la Enmienda No. 6 al Formulario 13G sobre Cheer Holding, Inc. (CUSIP G39973204) correspondiente al periodo finalizado el 30 de junio de 2025. La presentaci贸n muestra que ambos reportantes poseen conjuntamente 2,110,000 acciones ordinarias, equivalentes al 18.13 % del capital social en circulaci贸n de Cheer Holding. Ambas entidades reportan poder de voto y disposici贸n compartido sobre todo el bloque y ninguna autoridad exclusiva.
Shah Capital, un asesor de inversiones con sede en Carolina del Norte, y su fondo de sociedad limitada de Delaware certifican que la participaci贸n fue adquirida y se mantiene en el curso ordinario del negocio, sin intenci贸n actual de cambiar o influir en el control del emisor. El documento est谩 firmado por Himanshu H. Shah (Presidente/CIO) el 6 de agosto de 2025.
La posici贸n declarada convierte a Shah Capital en uno de los mayores accionistas conocidos de Cheer Holding, destacando el inter茅s institucional continuo tras cinco enmiendas previas, aunque la presentaci贸n no ofrece orientaci贸n sobre futuras transacciones o iniciativas estrat茅gicas.
Shah Capital Management Inc.鞕� Shah Capital Opportunity Fund LP電� 2025雲� 6鞗� 30鞚� 膦呺霅� 旮瓣皠鞐� 雽�頃� Cheer Holding, Inc.(CUSIP G39973204)鞐� 雽�頃� 鞀れ紑欷� 13G 靾橃爼鞎� 6順鸽ゼ 鞝滌稖頄堨姷雼堧嫟. 鞝滌稖靹滊鞐� 霐半ゴ氅� 霊� 氤搓碃鞛愲姅 瓿惦彊鞙茧 2,110,000 氤错喌欤�毳� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 Cheer Holding鞚� 氚滍枆 欤检嫕 齑濎垬鞚� 18.13%鞐� 頃措嫻頃╇媹雼�. 霊� 旮瓣磤 氇憪 鞝勳泊 欤检嫕 敫旊鞐� 雽�頃� 瓿惦彊 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 氤挫湢頃橂┌ 雼弲 甓岉暅鞚� 鞐嗢姷雼堧嫟.
雲胳姢旌愲·霛检澊雮橃棎 旮半皹鞚� 霊� 韴瀽 鞛愲靷澑 Shah Capital瓿� 雿鸽澕鞗柎 鞙犿暅毂呾瀯臁绊暕 韼�霌滊姅 鞚� 歆�攵勳澊 鞝曥儊鞝侅澑 鞓侅梾 瓿检爼鞐愳劀 旆摑 氚� 氤挫湢霅橃棃鞙茧┌, 順勳灛 氚滍枆靷潣 歆�氚瓣秾 氤�瓴届澊雮� 鞓來枼霠レ潉 頄夓偓頃� 鞚橂弰臧� 鞐嗢潓鞚� 鞚胳頃╇媹雼�. 氍胳劀電� 2025雲� 8鞗� 6鞚� Himanshu H. Shah(靷灔/斓滉碃韴瀽毂呾瀯鞛�)臧� 靹滊獏頄堨姷雼堧嫟.
瓿店皽霅� 歆�攵勳潃 Shah Capital鞚� Cheer Holding鞚� 臧�鞛� 韥� 鞎岆牑歆� 欤检＜ 欷� 頃橂倶鞛勳潉 氤挫棳欤茧┌, 雼れ劘 彀鞚� 鞚挫爠 靾橃爼鞎� 鞚错泟鞐愲弰 歆�靻嶌爜鞚� 旮瓣磤 韴瀽鞛愳潣 甏�鞁潉 臧曥“頃橃毵�, 鞝滌稖靹滊鞐愲姅 頄ロ泟 瓯半灅雮� 鞝勲灥鞝� 瓿勴殟鞐� 雽�頃� 鞏戈笁鞚� 鞐嗢姷雼堧嫟.
Shah Capital Management Inc. et Shah Capital Opportunity Fund LP ont d茅pos茅 l'Amendement n掳 6 au Schedule 13G concernant Cheer Holding, Inc. (CUSIP G39973204) pour la p茅riode close au 30 juin 2025. Le d茅p么t indique que les deux d茅clarants d茅tiennent conjointement 2 110 000 actions ordinaires, soit 18,13 % du capital social en circulation de Cheer Holding. Les deux entit茅s d茅clarent un pouvoir de vote et de disposition partag茅 sur l'int茅gralit茅 du bloc et aucune autorit茅 exclusive.
Shah Capital, un conseiller en investissement bas茅 en Caroline du Nord, et son fonds en commandite du Delaware certifient que la participation a 茅t茅 acquise et est d茅tenue dans le cours normal des affaires, sans intention actuelle de modifier ou d'influencer le contr么le de l'茅metteur. Le document est sign茅 par Himanshu H. Shah (Pr茅sident/CIO) le 6 ao没t 2025.
La position divulgu茅e fait de Shah Capital l'un des plus grands actionnaires connus de Cheer Holding, soulignant l'int茅r锚t institutionnel continu apr猫s cinq amendements pr茅c茅dents, bien que le d茅p么t ne fournisse aucune indication sur de futures transactions ou initiatives strat茅giques.
Shah Capital Management Inc. und Shah Capital Opportunity Fund LP haben 脛nderungsmitteilung Nr. 6 zum Schedule 13G f眉r Cheer Holding, Inc. (CUSIP G39973204) f眉r den zum 30. Juni 2025 endenden Zeitraum eingereicht. Die Meldung zeigt, dass die beiden Melder gemeinsam 2.110.000 Stammaktien halten, was 18,13 % des ausstehenden Eigenkapitals von Cheer Holding entspricht. Beide Einheiten berichten 眉ber gemeinsame Stimm- und Verf眉gungsgewalt 眉ber den gesamten Block und keine alleinige Befugnis.
Shah Capital, ein in North Carolina ans盲ssiger Investmentberater, und sein Delaware Limited Partnership Fund best盲tigen, dass die Beteiligung im normalen Gesch盲ftsverlauf erworben und gehalten wird, ohne gegenw盲rtige Absicht, die Kontrolle 眉ber den Emittenten zu 盲ndern oder zu beeinflussen. Das Dokument ist von Himanshu H. Shah (Pr盲sident/CIO) am 6. August 2025 unterzeichnet.
Die offengelegte Position macht Shah Capital zu einem der gr枚脽ten bekannten Aktion盲re von Cheer Holding und unterstreicht das anhaltende institutionelle Interesse nach f眉nf vorangegangenen 脛nderungen, obwohl die Meldung keine Hinweise auf zuk眉nftige Transaktionen oder strategische Initiativen gibt.
- Institutional stake of 18.13 % demonstrates strong external confidence in Cheer Holding.
- Continued disclosure (Amendment No.6) provides transparency and suggests sustained commitment rather than short-term trading.
- Ownership concentration in a single holder may reduce share liquidity and increase governance influence risk.
Insights
TL;DR: Shah Capital reaffirmed an 18.13 % stake, signaling sustained institutional commitment but no strategic shift.
The maintenance of a >18 % position confirms Shah Capital as a top holder, which can be viewed as a vote of confidence in Cheer Holding鈥檚 prospects. Because all voting and disposition power is shared, Shah Capital retains flexibility for coordinated action, yet the certification expressly disclaims any control intent. For investors, the key takeaway is ownership concentration: one fund controls nearly one-fifth of the float, which can affect liquidity and, potentially, corporate direction if intentions change. While not an earnings catalyst, large-block stability often supports share price by reducing free float and may provide downside support. Materiality is moderate but relevant for governance watchers.
TL;DR: Single shareholder holds significant 18 % block, raising governance/float considerations.
From a governance lens, an 18 % stake crosses typical thresholds for meaningful influence, even absent declared activist purpose. Amendment No. 6 indicates ongoing monitoring and suggests Shah Capital鈥檚 historical engagement. The shared voting structure implies coordinated decision-making across adviser and fund, which could shape future proxy outcomes. Nonetheless, the Rule 13G filing鈥攔ather than 13D鈥攕ignals passive intent, limiting immediate governance impact. Investors should track subsequent filings for any switch to 13D or further accumulation.
Shah Capital Management Inc. e Shah Capital Opportunity Fund LP hanno presentato l'Emendamento n. 6 al Modulo 13G relativo a Cheer Holding, Inc. (CUSIP G39973204) per il periodo terminato il 30 giugno 2025. La dichiarazione indica che i due soggetti detengono congiuntamente 2.110.000 azioni ordinarie, pari al 18,13% del capitale sociale in circolazione di Cheer Holding. Entrambe le entit脿 riportano di avere potere di voto e di disposizione condiviso sull'intero blocco e nessuna autorit脿 esclusiva.
Shah Capital, un consulente d'investimento con sede in North Carolina, e il suo fondo in forma di societ脿 in accomandita del Delaware certificano che la partecipazione 猫 stata acquisita e viene detenuta nell'ordinaria attivit脿 commerciale, senza alcuna intenzione attuale di modificare o influenzare il controllo dell'emittente. Il documento 猫 firmato da Himanshu H. Shah (Presidente/CIO) il 6 agosto 2025.
La posizione dichiarata rende Shah Capital uno dei maggiori azionisti noti di Cheer Holding, sottolineando l'interesse istituzionale continuo dopo cinque precedenti emendamenti, anche se la dichiarazione non fornisce indicazioni su future transazioni o iniziative strategiche.
Shah Capital Management Inc. y Shah Capital Opportunity Fund LP presentaron la Enmienda No. 6 al Formulario 13G sobre Cheer Holding, Inc. (CUSIP G39973204) correspondiente al periodo finalizado el 30 de junio de 2025. La presentaci贸n muestra que ambos reportantes poseen conjuntamente 2,110,000 acciones ordinarias, equivalentes al 18.13 % del capital social en circulaci贸n de Cheer Holding. Ambas entidades reportan poder de voto y disposici贸n compartido sobre todo el bloque y ninguna autoridad exclusiva.
Shah Capital, un asesor de inversiones con sede en Carolina del Norte, y su fondo de sociedad limitada de Delaware certifican que la participaci贸n fue adquirida y se mantiene en el curso ordinario del negocio, sin intenci贸n actual de cambiar o influir en el control del emisor. El documento est谩 firmado por Himanshu H. Shah (Presidente/CIO) el 6 de agosto de 2025.
La posici贸n declarada convierte a Shah Capital en uno de los mayores accionistas conocidos de Cheer Holding, destacando el inter茅s institucional continuo tras cinco enmiendas previas, aunque la presentaci贸n no ofrece orientaci贸n sobre futuras transacciones o iniciativas estrat茅gicas.
Shah Capital Management Inc.鞕� Shah Capital Opportunity Fund LP電� 2025雲� 6鞗� 30鞚� 膦呺霅� 旮瓣皠鞐� 雽�頃� Cheer Holding, Inc.(CUSIP G39973204)鞐� 雽�頃� 鞀れ紑欷� 13G 靾橃爼鞎� 6順鸽ゼ 鞝滌稖頄堨姷雼堧嫟. 鞝滌稖靹滊鞐� 霐半ゴ氅� 霊� 氤搓碃鞛愲姅 瓿惦彊鞙茧 2,110,000 氤错喌欤�毳� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 Cheer Holding鞚� 氚滍枆 欤检嫕 齑濎垬鞚� 18.13%鞐� 頃措嫻頃╇媹雼�. 霊� 旮瓣磤 氇憪 鞝勳泊 欤检嫕 敫旊鞐� 雽�頃� 瓿惦彊 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 氤挫湢頃橂┌ 雼弲 甓岉暅鞚� 鞐嗢姷雼堧嫟.
雲胳姢旌愲·霛检澊雮橃棎 旮半皹鞚� 霊� 韴瀽 鞛愲靷澑 Shah Capital瓿� 雿鸽澕鞗柎 鞙犿暅毂呾瀯臁绊暕 韼�霌滊姅 鞚� 歆�攵勳澊 鞝曥儊鞝侅澑 鞓侅梾 瓿检爼鞐愳劀 旆摑 氚� 氤挫湢霅橃棃鞙茧┌, 順勳灛 氚滍枆靷潣 歆�氚瓣秾 氤�瓴届澊雮� 鞓來枼霠レ潉 頄夓偓頃� 鞚橂弰臧� 鞐嗢潓鞚� 鞚胳頃╇媹雼�. 氍胳劀電� 2025雲� 8鞗� 6鞚� Himanshu H. Shah(靷灔/斓滉碃韴瀽毂呾瀯鞛�)臧� 靹滊獏頄堨姷雼堧嫟.
瓿店皽霅� 歆�攵勳潃 Shah Capital鞚� Cheer Holding鞚� 臧�鞛� 韥� 鞎岆牑歆� 欤检＜ 欷� 頃橂倶鞛勳潉 氤挫棳欤茧┌, 雼れ劘 彀鞚� 鞚挫爠 靾橃爼鞎� 鞚错泟鞐愲弰 歆�靻嶌爜鞚� 旮瓣磤 韴瀽鞛愳潣 甏�鞁潉 臧曥“頃橃毵�, 鞝滌稖靹滊鞐愲姅 頄ロ泟 瓯半灅雮� 鞝勲灥鞝� 瓿勴殟鞐� 雽�頃� 鞏戈笁鞚� 鞐嗢姷雼堧嫟.
Shah Capital Management Inc. et Shah Capital Opportunity Fund LP ont d茅pos茅 l'Amendement n掳 6 au Schedule 13G concernant Cheer Holding, Inc. (CUSIP G39973204) pour la p茅riode close au 30 juin 2025. Le d茅p么t indique que les deux d茅clarants d茅tiennent conjointement 2 110 000 actions ordinaires, soit 18,13 % du capital social en circulation de Cheer Holding. Les deux entit茅s d茅clarent un pouvoir de vote et de disposition partag茅 sur l'int茅gralit茅 du bloc et aucune autorit茅 exclusive.
Shah Capital, un conseiller en investissement bas茅 en Caroline du Nord, et son fonds en commandite du Delaware certifient que la participation a 茅t茅 acquise et est d茅tenue dans le cours normal des affaires, sans intention actuelle de modifier ou d'influencer le contr么le de l'茅metteur. Le document est sign茅 par Himanshu H. Shah (Pr茅sident/CIO) le 6 ao没t 2025.
La position divulgu茅e fait de Shah Capital l'un des plus grands actionnaires connus de Cheer Holding, soulignant l'int茅r锚t institutionnel continu apr猫s cinq amendements pr茅c茅dents, bien que le d茅p么t ne fournisse aucune indication sur de futures transactions ou initiatives strat茅giques.
Shah Capital Management Inc. und Shah Capital Opportunity Fund LP haben 脛nderungsmitteilung Nr. 6 zum Schedule 13G f眉r Cheer Holding, Inc. (CUSIP G39973204) f眉r den zum 30. Juni 2025 endenden Zeitraum eingereicht. Die Meldung zeigt, dass die beiden Melder gemeinsam 2.110.000 Stammaktien halten, was 18,13 % des ausstehenden Eigenkapitals von Cheer Holding entspricht. Beide Einheiten berichten 眉ber gemeinsame Stimm- und Verf眉gungsgewalt 眉ber den gesamten Block und keine alleinige Befugnis.
Shah Capital, ein in North Carolina ans盲ssiger Investmentberater, und sein Delaware Limited Partnership Fund best盲tigen, dass die Beteiligung im normalen Gesch盲ftsverlauf erworben und gehalten wird, ohne gegenw盲rtige Absicht, die Kontrolle 眉ber den Emittenten zu 盲ndern oder zu beeinflussen. Das Dokument ist von Himanshu H. Shah (Pr盲sident/CIO) am 6. August 2025 unterzeichnet.
Die offengelegte Position macht Shah Capital zu einem der gr枚脽ten bekannten Aktion盲re von Cheer Holding und unterstreicht das anhaltende institutionelle Interesse nach f眉nf vorangegangenen 脛nderungen, obwohl die Meldung keine Hinweise auf zuk眉nftige Transaktionen oder strategische Initiativen gibt.
FAQ
How many Cheer Holding (GSMGW) shares does Shah Capital own?
What percentage of Cheer Holding's outstanding shares is held by Shah Capital?
Does Shah Capital have sole or shared voting power over its Cheer Holding stake?
When was Amendment No. 6 to Schedule 13G filed?
Is Shah Capital seeking control of Cheer Holding?
