The reversion from Schedule 13D to 13G signals that Sit Investment Associates has abandoned any activist or control-oriented agenda. Monitor for any future 13D filings if intent changes again, but for now the stake is purely passive.
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Executive Summary
Sit Investment Associates and its subsidiary Sit Fixed Income Advisors II, LLC filed an amended Schedule 13G, transitioning back from a Schedule 13D filing. They report beneficial ownership of 8,935,779 shares of Eaton Vance Ltd Duration Income Fund common stock, representing 7.7% of shares outstanding as of March 31, 2026. The filing indicates the filers no longer hold the securities with a purpose of influencing control, reverting to passive status.
Key Financial Metrics
Key Facts
- Sit Investment Associates and Sit Fixed Income Advisors II, LLC report 8,935,779 shares (7.7% of common stock) as of September 29, 2026.
- The filers previously filed a Schedule 13D on October 20, 2025, indicating an activist intent, but are now transitioning back to a passive Schedule 13G.
- The ownership percentage is based on 116,206,460 shares outstanding as of March 31, 2026, per the issuer's N-CSR filing.
- This is an amendment to a prior Schedule 13G, filed as an 'exit Schedule 13D' under Rule 13d-1(h).
Financial Impact
7.7% stake valued at approximately $85-90 million based on current market price (not explicitly stated in filing).
Risk Factors
- The filers could revert to activist intent again, triggering another 13D filing.
- A 7.7% stake is still material; any significant selling could pressure the stock.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0000769317-26-000021 |
| Document: 0000769317-26-000021-index.html | 0000769317-26-000021 |
| Document: 0000769317-26-000021.txt | 0000769317-26-000021 |
US Market Status
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