Canyon Capital trimmed its stake by ~4.2% of its prior position but remains a 19.7% holder. Monitor for further sales or any shift in activist demands; the reduction is modest and does not signal abandonment of the campaign.
Price Chart
Executive Summary
Canyon Capital Advisors LLC filed Amendment No. 6 to its Schedule 13D, reporting a sale of 1,307,500 shares of CBL common stock on October 6, 2026 at $52.19 per share. This reduced Canyon's beneficial ownership from above 20% to 19.7%, a decrease of more than 1% of outstanding shares. The filing is a routine reduction in a large activist stake, not an escalation or change in demands.
Key Financial Metrics
Key Facts
- Canyon Capital sold 1,307,500 shares on October 6, 2026 at $52.19 per share via open market transactions.
- Beneficial ownership decreased to 19.7% of CBL common stock (based on 30,942,757 shares outstanding as of August 3, 2026).
- This is Amendment No. 6 to the original Schedule 13D filed November 9, 2021.
- No change in stated purpose or demands — the filing is solely to report the sale and resulting ownership decrease.
Financial Impact
Sale of 1,307,500 shares at $52.19/share = approximately $68.2 million in proceeds.
Risk Factors
- Further sales by Canyon could pressure the stock.
- Activist may be reducing exposure ahead of potential liquidity events or portfolio rebalancing.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001193125-26-418126 |
| Document: 0001193125-26-418126-index.html | 0001193125-26-418126 |
| Document: 0001193125-26-418126.txt | 0001193125-26-418126 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | SC 13D/A | $48.51 | awaiting T+20 | — | $49.72 (+2.49%) |
Oct 6, 2026 20d ago | 144 | $48.54 | awaiting T+20 | — | $49.72 (−2.43%) |
Sep 25, 2026 4w ago | Insider Cluster | $51.91 $49.91 | ▲ +3.85% | ▲ +2.38% | $49.72 (+4.22%) |
Sep 23, 2026 4w ago | Insider Cluster | $52.31 $49.83 | ▲ +4.74% | ▲ +4.32% | $49.72 (+4.95%) |
Aug 7, 2026 11w ago | 8-K | $56.55 $54.98 | ▼ −2.78% | ▼ −2.38% | $49.72 (−12.08%) |
Jun 17, 2026 18w ago | S-3ASR | $47.24 $54.22 | ▲ +14.78% | ▲ +13.46% | $49.72 (+5.25%) |
Jun 11, 2026 19w ago | Institutional Cluster | $49.75 $52.19 | ▲ +4.90% | ▲ +3.01% | $49.72 (−0.06%) |
May 8, 2026 24w ago | 8-K | $47.35 $48.43 | ▲ +2.28% | ▲ +2.26% | $49.72 (+5.01%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers