Hawk Ridge's 5.1% passive stake signals conviction but no activist intent. Monitor for any future conversion to 13D or additional filings that could indicate a change in strategy. The prior Bank of America 13G suggests institutional interest; watch for further accumulation by other funds.
Price Chart
Executive Summary
Hawk Ridge Capital Management LP disclosed a 5.1% passive stake in Array Digital Infrastructure, Inc. via a Schedule 13G filed September 23, 2026, representing 2,728,548 common shares. The filing certifies the shares were not acquired with the purpose of changing or influencing control, indicating a passive investment. This is a new 13G filing by Hawk Ridge; a prior 13G by Bank of America was filed in May 2026, but no prior Hawk Ridge 13G was on file.
Key Financial Metrics
Key Facts
- Hawk Ridge Capital Management LP disclosed beneficial ownership of 2,728,548 common shares of Array Digital Infrastructure, Inc.
- The stake represents 5.1% of the outstanding common shares.
- The filing is made under Rule 13d-1(c) (passive investor), with a certification that the securities were not acquired to change or influence control.
- The filing date is September 23, 2026, with a date of change of September 16, 2026.
- The shares are directly owned by Hawk Ridge Master Fund LP; Hawk Ridge entities and David Brown are deemed beneficial owners.
- A prior 13G by Bank of America Corp. was filed on May 14, 2026, but no prior Hawk Ridge 13G was on file.
Financial Impact
5.1% passive stake valued at approximately $2.7 million based on 2,728,548 shares (price not disclosed in filing).
Risk Factors
- Hawk Ridge could convert to an activist 13D filing, though the current certification disclaims control intent.
- A 5.1% stake is below the threshold for triggering a poison pill in most companies, but could still attract attention from management.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001609074-26-000001 |
| Document: 0001609074-26-000001-index-headers.html | 0001609074-26-000001 |
| Document: 0001609074-26-000001-index.html | 0001609074-26-000001 |
| Document: 0001609074-26-000001.txt | 0001609074-26-000001 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 23, 2026 4w ago | SC 13G | $34.94 $32.80 | ▼ −6.12% | ▼ −6.81% | $33.43 (−4.32%) |
Aug 15, 2026 10w ago | Institutional Cluster | $35.36 $38.03 | ▲ +7.55% | ▲ +9.53% | $33.43 (−5.46%) |
Aug 7, 2026 11w ago | 8-K | $35.24 $38.50 | ▲ +9.25% | ▲ +9.65% | $33.43 (−5.14%) |
US Market Status
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