[6-K] Mogo Inc. Current Report (Foreign Issuer)
Brookstone Capital Management, LLC has filed a Schedule 13G reporting a passive stake in the Innovator Equity Defined Protection ETF – 2 Yr to January 2027 (CUSIP 45784N825, believed ticker SFLR). The filing, triggered as of 30 June 2025 and signed on 1 July 2025, discloses:
- Shares beneficially owned: 175,557
- Percentage of outstanding class: 11.90%
- Voting power: 0 shares sole / 175,557 shares shared
- Dispositive power: 0 shares sole / 175,557 shares shared
- Filer classification: Investment Adviser (Rule 13d-1(b)(1)(ii)(E))
The 13G indicates the position was acquired and is held in the ordinary course of business with no intent to influence control of the issuer. Brookstone also states that underlying client accounts retain the economic benefit of the holdings and that the adviser disclaims beneficial ownership beyond its discretionary authority.
A passive stake above 10 % is considered material under SEC rules, signalling meaningful institutional interest and crossing the reporting threshold but not implying an activist agenda.
Brookstone Capital Management, LLC ha depositato un Schedule 13G segnalando una partecipazione passiva nell'Innovator Equity Defined Protection ETF 鈥� 2 Anni fino a Gennaio 2027 (CUSIP 45784N825, ticker presunto SFLR). La comunicazione, riferita al 30 giugno 2025 e firmata il 1 luglio 2025, rivela:
- Azioni detenute a beneficio: 175.557
- Percentuale della classe in circolazione: 11,90%
- Potere di voto: 0 azioni in esclusiva / 175.557 azioni condivise
- Potere dispositvo: 0 azioni in esclusiva / 175.557 azioni condivise
- Classificazione del depositante: Consulente di Investimento (Regola 13d-1(b)(1)(ii)(E))
Il 13G indica che la posizione 猫 stata acquisita e mantenuta nell'ordinaria attivit脿 commerciale con nessuna intenzione di influenzare il controllo dell'emittente. Brookstone specifica inoltre che i conti dei clienti sottostanti mantengono i benefici economici delle partecipazioni e che il consulente declina la propriet脿 beneficiaria oltre la sua autorit脿 discrezionale.
Una partecipazione passiva superiore al 10% 猫 considerata rilevante secondo le norme SEC, indicando un interesse istituzionale significativo e superando la soglia di segnalazione senza per貌 implicare un'agenda attivista.
Brookstone Capital Management, LLC ha presentado un Schedule 13G reportando una participaci贸n pasiva en el Innovator Equity Defined Protection ETF 鈥� 2 A帽os hasta enero de 2027 (CUSIP 45784N825, ticker supuesto SFLR). La declaraci贸n, con fecha de referencia al 30 de junio de 2025 y firmada el 1 de julio de 2025, revela:
- Acciones en beneficio propio: 175,557
- Porcentaje de la clase en circulaci贸n: 11,90%
- Poder de voto: 0 acciones en exclusiva / 175,557 acciones compartidas
- Poder dispositvo: 0 acciones en exclusiva / 175,557 acciones compartidas
- Clasificaci贸n del declarante: Asesor de Inversiones (Regla 13d-1(b)(1)(ii)(E))
El 13G indica que la posici贸n fue adquirida y se mantiene en el curso ordinario del negocio con sin intenci贸n de influir en el control del emisor. Brookstone tambi茅n se帽ala que las cuentas subyacentes de los clientes conservan el beneficio econ贸mico de las participaciones y que el asesor renuncia a la propiedad beneficiaria m谩s all谩 de su autoridad discrecional.
Una participaci贸n pasiva superior al 10% se considera material bajo las normas de la SEC, se帽alando un inter茅s institucional significativo y superando el umbral de reporte, pero sin implicar una agenda activista.
Brookstone Capital Management, LLC电� Innovator Equity Defined Protection ETF 鈥� 2027雲� 1鞗旉箤歆� 2雲� (CUSIP 45784N825, 於旍爼 韹办护 SFLR)鞐� 雽�頃� 靾橂彊鞝� 歆�攵勳潉 氤搓碃頃樀鐢 Schedule 13G毳� 鞝滌稖頄堨姷雼堧嫟. 鞚� 鞁犼碃靹湹鐢 2025雲� 6鞗� 30鞚�2025雲� 7鞗� 1鞚�鞐� 靹滊獏霅橃棃瓿�, 雼れ潓瓿� 臧欖潃 雮挫毄鞚� 瓿店皽頃╇媹雼�:
- 鞁れ 靻岇湢 欤检嫕 靾�: 175,557欤�
- 氚滍枆 欤检嫕 欷� 牍勳湪: 11.90%
- 鞚橁舶甓�: 雼弲 0欤� / 瓿惦彊 175,557欤�
- 觳橂秳甓岉暅: 雼弲 0欤� / 瓿惦彊 175,557欤�
- 鞁犼碃鞛� 攵勲: 韴瀽 鞛愲靷� (攴滌箼 13d-1(b)(1)(ii)(E))
13G 鞁犼碃靹湹鐢 頃措嫻 歆�攵勳澊 氚滍枆靷潣 韱奠牅鞐� 鞓來枼鞚� 氙胳範 鞚橂弰 鞐嗢澊 韱奠儊鞝侅澑 靷梾 瓿检爼鞐愳劀 旆摑 氚� 氤挫湢霅橃棃鞚岇潉 雮橅儉雰呺媹雼�. Brookstone鞚� 霕愴暅 旮办磮 瓿犼皾 瓿勳臧� 氤挫湢 歆�攵勳棎 雽�頃� 瓴届牅鞝� 鞚挫澋鞚� 鞙犾頃橂┌, 鞛愲靷皜 鞛焿甓岇潉 雱橃柎靹� 鞁れ 靻岇湢甓岇潉 攵�鞚疙暅雼り碃 氇呾嫓頄堨姷雼堧嫟.
10%毳� 齑堦臣頃樀鐢 靾橂彊鞝� 歆�攵勳潃 SEC 攴滌爼靸� 欷戩殧頃� 瓴冹溂搿� 臧勳＜霅橂┌, 鞚吹鐢 鞚橂 鞛埖鐢 旮瓣磤 韴瀽鞛愳潣 甏�鞁潉 雮橅儉雮搓碃 鞁犼碃 旮办鞚� 齑堦臣頃橃毵� 頄夒彊欤检潣 鞚橂弰毳� 雮错彫頃橃电� 鞎婌姷雼堧嫟.
Brookstone Capital Management, LLC a d茅pos茅 un Schedule 13G d茅clarant une participation passive dans l'Innovator Equity Defined Protection ETF 鈥� 2 ans jusqu'en janvier 2027 (CUSIP 45784N825, ticker suppos茅 SFLR). Le d茅p么t, dat茅 du 30 juin 2025 et sign茅 le 1er juillet 2025, r茅v猫le :
- Actions d茅tenues 脿 titre b茅n茅ficiaire : 175 557
- Pourcentage de la classe en circulation : 11,90 %
- Pouvoir de vote : 0 actions en propre / 175 557 actions partag茅es
- Pouvoir dispositif : 0 actions en propre / 175 557 actions partag茅es
- Classification du d茅posant : Conseiller en investissement (R猫gle 13d-1(b)(1)(ii)(E))
Le 13G indique que la position a 茅t茅 acquise et est d茅tenue dans le cours normal des affaires, sans intention d'influencer le contr么le de l'茅metteur. Brookstone pr茅cise 茅galement que les comptes clients sous-jacents conservent le b茅n茅fice 茅conomique des participations et que le conseiller d茅cline toute propri茅t茅 b茅n茅ficiaire au-del脿 de son autorit茅 discr茅tionnaire.
Une participation passive sup茅rieure 脿 10 % est consid茅r茅e comme importante selon les r猫gles de la SEC, signalant un int茅r锚t institutionnel significatif et franchissant le seuil de d茅claration, sans pour autant impliquer un agenda activiste.
Brookstone Capital Management, LLC hat ein Schedule 13G eingereicht, das eine passive Beteiligung am Innovator Equity Defined Protection ETF 鈥� 2 Jahre bis Januar 2027 (CUSIP 45784N825, vermuteter Ticker SFLR) meldet. Die Meldung, bezogen auf den 30. Juni 2025 und unterzeichnet am 1. Juli 2025, offenbart:
- Vorteilhaft gehaltene Aktien: 175.557
- Prozentualer Anteil an der ausstehenden Klasse: 11,90%
- Stimmrechte: 0 Aktien allein / 175.557 Aktien gemeinsam
- 痴别谤蹿眉驳耻苍驳蝉谤别肠丑迟别: 0 Aktien allein / 175.557 Aktien gemeinsam
- Klassifizierung des Meldenden: Anlageberater (Regel 13d-1(b)(1)(ii)(E))
Das 13G gibt an, dass die Position im normalen Gesch盲ftsverlauf erworben und gehalten wird, ohne die Absicht, die Kontrolle des Emittenten zu beeinflussen. Brookstone erkl盲rt au脽erdem, dass die zugrundeliegenden Kundenkonten den wirtschaftlichen Nutzen der Beteiligungen behalten und der Berater eine wirtschaftliche Eigent眉merschaft 眉ber seine Ermessensbefugnis hinaus ablehnt.
Eine passive Beteiligung 眉ber 10 % gilt gem盲脽 SEC-Regeln als wesentlich, was auf ein bedeutendes institutionelles Interesse hinweist und die Meldepflicht ausl枚st, jedoch keine aktivistische Absicht impliziert.
- Institutional validation: A registered investment adviser now holds 11.9 % of the ETF, underscoring growing institutional acceptance.
- Improved liquidity potential: A sizable passive stake can tighten bid-ask spreads and support daily trading volumes.
- Concentration risk: One adviser controlling nearly 12 % of outstanding shares may heighten redemption volatility if client flows reverse.
- Limited strategic benefit: Filing is passive; investors should not expect governance influence or catalyst from this stake.
Insights
TL;DR: Brookstone now holds 11.9 % of SFLR, filed passively; signals institutional interest but no control intent.
The 13G reveals Brookstone Capital Management’s clients collectively own 175,557 shares, exceeding the 10 % threshold. Because it is filed under Rule 13d-1(b) and the adviser certifies ordinary-course investment, the disclosure is informational rather than strategic. For ETF investors, a sizable passive holder can improve secondary-market liquidity and spreads, yet it does not alter the ETF鈥檚 investment policy, fee structure, or cash-flow profile. The stake size is notable given the fund’s likely modest float, but absent activist language the filing should have limited price impact. Overall, the news is neutral to modestly positive in highlighting growing institutional adoption of the relatively new Defined Protection series.
TL;DR: >10 % concentration by one adviser elevates counterparty dispersion risk but remains passive.
Crossing the 10 % ownership threshold centralises voting and disposition power in one advisory firm. Although Brookstone shares both powers with underlying accounts, its aggregate size could amplify redemption swings if those clients act simultaneously. The adviser’s certification of non-control mitigates governance risk, yet the ETF sponsor should monitor flows linked to Brookstone. From a compliance perspective, Brookstone fulfills regulatory duties by filing on time and classifying itself as an IA, keeping enforcement risk low.
Brookstone Capital Management, LLC ha depositato un Schedule 13G segnalando una partecipazione passiva nell'Innovator Equity Defined Protection ETF 鈥� 2 Anni fino a Gennaio 2027 (CUSIP 45784N825, ticker presunto SFLR). La comunicazione, riferita al 30 giugno 2025 e firmata il 1 luglio 2025, rivela:
- Azioni detenute a beneficio: 175.557
- Percentuale della classe in circolazione: 11,90%
- Potere di voto: 0 azioni in esclusiva / 175.557 azioni condivise
- Potere dispositvo: 0 azioni in esclusiva / 175.557 azioni condivise
- Classificazione del depositante: Consulente di Investimento (Regola 13d-1(b)(1)(ii)(E))
Il 13G indica che la posizione 猫 stata acquisita e mantenuta nell'ordinaria attivit脿 commerciale con nessuna intenzione di influenzare il controllo dell'emittente. Brookstone specifica inoltre che i conti dei clienti sottostanti mantengono i benefici economici delle partecipazioni e che il consulente declina la propriet脿 beneficiaria oltre la sua autorit脿 discrezionale.
Una partecipazione passiva superiore al 10% 猫 considerata rilevante secondo le norme SEC, indicando un interesse istituzionale significativo e superando la soglia di segnalazione senza per貌 implicare un'agenda attivista.
Brookstone Capital Management, LLC ha presentado un Schedule 13G reportando una participaci贸n pasiva en el Innovator Equity Defined Protection ETF 鈥� 2 A帽os hasta enero de 2027 (CUSIP 45784N825, ticker supuesto SFLR). La declaraci贸n, con fecha de referencia al 30 de junio de 2025 y firmada el 1 de julio de 2025, revela:
- Acciones en beneficio propio: 175,557
- Porcentaje de la clase en circulaci贸n: 11,90%
- Poder de voto: 0 acciones en exclusiva / 175,557 acciones compartidas
- Poder dispositvo: 0 acciones en exclusiva / 175,557 acciones compartidas
- Clasificaci贸n del declarante: Asesor de Inversiones (Regla 13d-1(b)(1)(ii)(E))
El 13G indica que la posici贸n fue adquirida y se mantiene en el curso ordinario del negocio con sin intenci贸n de influir en el control del emisor. Brookstone tambi茅n se帽ala que las cuentas subyacentes de los clientes conservan el beneficio econ贸mico de las participaciones y que el asesor renuncia a la propiedad beneficiaria m谩s all谩 de su autoridad discrecional.
Una participaci贸n pasiva superior al 10% se considera material bajo las normas de la SEC, se帽alando un inter茅s institucional significativo y superando el umbral de reporte, pero sin implicar una agenda activista.
Brookstone Capital Management, LLC电� Innovator Equity Defined Protection ETF 鈥� 2027雲� 1鞗旉箤歆� 2雲� (CUSIP 45784N825, 於旍爼 韹办护 SFLR)鞐� 雽�頃� 靾橂彊鞝� 歆�攵勳潉 氤搓碃頃樀鐢 Schedule 13G毳� 鞝滌稖頄堨姷雼堧嫟. 鞚� 鞁犼碃靹湹鐢 2025雲� 6鞗� 30鞚�2025雲� 7鞗� 1鞚�鞐� 靹滊獏霅橃棃瓿�, 雼れ潓瓿� 臧欖潃 雮挫毄鞚� 瓿店皽頃╇媹雼�:
- 鞁れ 靻岇湢 欤检嫕 靾�: 175,557欤�
- 氚滍枆 欤检嫕 欷� 牍勳湪: 11.90%
- 鞚橁舶甓�: 雼弲 0欤� / 瓿惦彊 175,557欤�
- 觳橂秳甓岉暅: 雼弲 0欤� / 瓿惦彊 175,557欤�
- 鞁犼碃鞛� 攵勲: 韴瀽 鞛愲靷� (攴滌箼 13d-1(b)(1)(ii)(E))
13G 鞁犼碃靹湹鐢 頃措嫻 歆�攵勳澊 氚滍枆靷潣 韱奠牅鞐� 鞓來枼鞚� 氙胳範 鞚橂弰 鞐嗢澊 韱奠儊鞝侅澑 靷梾 瓿检爼鞐愳劀 旆摑 氚� 氤挫湢霅橃棃鞚岇潉 雮橅儉雰呺媹雼�. Brookstone鞚� 霕愴暅 旮办磮 瓿犼皾 瓿勳臧� 氤挫湢 歆�攵勳棎 雽�頃� 瓴届牅鞝� 鞚挫澋鞚� 鞙犾頃橂┌, 鞛愲靷皜 鞛焿甓岇潉 雱橃柎靹� 鞁れ 靻岇湢甓岇潉 攵�鞚疙暅雼り碃 氇呾嫓頄堨姷雼堧嫟.
10%毳� 齑堦臣頃樀鐢 靾橂彊鞝� 歆�攵勳潃 SEC 攴滌爼靸� 欷戩殧頃� 瓴冹溂搿� 臧勳＜霅橂┌, 鞚吹鐢 鞚橂 鞛埖鐢 旮瓣磤 韴瀽鞛愳潣 甏�鞁潉 雮橅儉雮搓碃 鞁犼碃 旮办鞚� 齑堦臣頃橃毵� 頄夒彊欤检潣 鞚橂弰毳� 雮错彫頃橃电� 鞎婌姷雼堧嫟.
Brookstone Capital Management, LLC a d茅pos茅 un Schedule 13G d茅clarant une participation passive dans l'Innovator Equity Defined Protection ETF 鈥� 2 ans jusqu'en janvier 2027 (CUSIP 45784N825, ticker suppos茅 SFLR). Le d茅p么t, dat茅 du 30 juin 2025 et sign茅 le 1er juillet 2025, r茅v猫le :
- Actions d茅tenues 脿 titre b茅n茅ficiaire : 175 557
- Pourcentage de la classe en circulation : 11,90 %
- Pouvoir de vote : 0 actions en propre / 175 557 actions partag茅es
- Pouvoir dispositif : 0 actions en propre / 175 557 actions partag茅es
- Classification du d茅posant : Conseiller en investissement (R猫gle 13d-1(b)(1)(ii)(E))
Le 13G indique que la position a 茅t茅 acquise et est d茅tenue dans le cours normal des affaires, sans intention d'influencer le contr么le de l'茅metteur. Brookstone pr茅cise 茅galement que les comptes clients sous-jacents conservent le b茅n茅fice 茅conomique des participations et que le conseiller d茅cline toute propri茅t茅 b茅n茅ficiaire au-del脿 de son autorit茅 discr茅tionnaire.
Une participation passive sup茅rieure 脿 10 % est consid茅r茅e comme importante selon les r猫gles de la SEC, signalant un int茅r锚t institutionnel significatif et franchissant le seuil de d茅claration, sans pour autant impliquer un agenda activiste.
Brookstone Capital Management, LLC hat ein Schedule 13G eingereicht, das eine passive Beteiligung am Innovator Equity Defined Protection ETF 鈥� 2 Jahre bis Januar 2027 (CUSIP 45784N825, vermuteter Ticker SFLR) meldet. Die Meldung, bezogen auf den 30. Juni 2025 und unterzeichnet am 1. Juli 2025, offenbart:
- Vorteilhaft gehaltene Aktien: 175.557
- Prozentualer Anteil an der ausstehenden Klasse: 11,90%
- Stimmrechte: 0 Aktien allein / 175.557 Aktien gemeinsam
- 痴别谤蹿眉驳耻苍驳蝉谤别肠丑迟别: 0 Aktien allein / 175.557 Aktien gemeinsam
- Klassifizierung des Meldenden: Anlageberater (Regel 13d-1(b)(1)(ii)(E))
Das 13G gibt an, dass die Position im normalen Gesch盲ftsverlauf erworben und gehalten wird, ohne die Absicht, die Kontrolle des Emittenten zu beeinflussen. Brookstone erkl盲rt au脽erdem, dass die zugrundeliegenden Kundenkonten den wirtschaftlichen Nutzen der Beteiligungen behalten und der Berater eine wirtschaftliche Eigent眉merschaft 眉ber seine Ermessensbefugnis hinaus ablehnt.
Eine passive Beteiligung 眉ber 10 % gilt gem盲脽 SEC-Regeln als wesentlich, was auf ein bedeutendes institutionelles Interesse hinweist und die Meldepflicht ausl枚st, jedoch keine aktivistische Absicht impliziert.
FAQ
How many SFLR shares does Brookstone Capital Management own?
What percentage of SFLR鈥檚 outstanding shares does this represent?
Is Brookstone acting as an activist in SFLR?
Why was a Schedule 13G filed?
When was the triggering event for the filing?
What is Brookstone鈥檚 regulatory classification?
