This is a passive institutional stake disclosure, not an activist filing. However, the size of the position (~$110M estimate) and recent insider selling ($6.8M in 30 days) may signal divergent views between management and this institutional holder. Monitor for future 13D/13G filings to determine if this evolves into an activist position.
Price Chart
Executive Summary
Harraden Circle, a group of affiliated investment funds, filed a Form 3 disclosing initial beneficial ownership of 4,922,795 shares of Suncrete, Inc. (RMIX) as of April 8, 2026. The shares are held across multiple funds managed by Harraden Circle Investments, LLC, with Frederick V. Fortmiller, Jr. serving as managing member and disclaiming beneficial ownership beyond pecuniary interest.
Key Facts
- Harraden Circle Investors, LP and affiliated funds hold 4,922,795 shares of RMIX
- Filing is an initial Form 3, indicating first report of beneficial ownership
- Frederick V. Fortmiller, Jr. is the managing member of the general partners and investment manager
- Each reporting entity disclaims beneficial ownership except to the extent of pecuniary interest
- Shares are Class A common stock
Financial Impact
4,922,795 shares disclosed, representing a newly reported passive stake. Based on RMIX's $1.1B market cap, this stake is approximately $110M assuming ~4.5% ownership (exact % not specified in filing).
Risk Factors
- Potential for future activism if ownership exceeds 5% threshold
- Concentration risk if Harraden Circle later increases position or becomes vocal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0001193125-26-161985 |
| Document: 0001193125-26-161985-index.html | 0001193125-26-161985 |
| Document: 0001193125-26-161985.txt | 0001193125-26-161985 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | SC 13D/A | $8.98 | awaiting T+5 | — | $9.62 (+7.13%) |
Oct 16, 2026 11d ago | Press Release | $10.13 $8.98 | ▼ −11.35% | ▼ −10.92% | $9.62 (−5.03%) |
Oct 13, 2026 13d ago | SC 13D/A | $10.19 $9.45 | ▼ −7.26% | ▼ −7.72% | $9.62 (−5.59%) |
Oct 9, 2026 18d ago | SC 13G/A | $10.94 $9.80 | ▲ +10.42% | ▲ +8.93% | $9.62 (+12.07%) |
Aug 14, 2026 10w ago | 8-K | $18.47 $17.54 | ▼ −5.04% | ▼ −3.67% | $9.62 (−47.92%) |
Aug 14, 2026 10w ago | Press Release | $18.47 $17.54 | ▲ +5.04% | ▲ +3.67% | $9.62 (+47.92%) |
Jun 12, 2026 19w ago | 8-K | $22.76 $22.92 | ▲ +0.70% | ▲ +2.09% | $9.62 (−57.73%) |
May 26, 2026 22w ago | 8-K | $16.29 $18.02 | ▲ +10.62% | ▲ +10.15% | $9.62 (−40.95%) |
May 15, 2026 23w ago | 8-K | $17.64 $16.06 | ▼ −8.96% | ▼ −9.92% | $9.62 (−45.46%) |
May 15, 2026 23w ago | EFFECT | $17.64 $16.06 | ▲ +8.96% | ▲ +9.92% | $9.62 (+45.46%) |
US Market Status
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