[SCHEDULE 13G/A] DLH Holdings Corp. SEC Filing
Amendment No. 3 to Schedule 13G filed 29 Jul 2025 shows that William Mueller-affiliated vehicles鈥擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC and Mink Brook Asset Management LLC鈥攃ollectively own 2,383,450 DLHC shares, or 16.57 % of the 14,386,468 shares outstanding as of 5 May 2025.
- Mink Brook Partners LP: 1,689,128 shares (11.74 %).
- Mink Brook Opportunity Fund LP: 694,322 shares (4.83 %).
- All voting and dispositive power is shared; no party holds sole power.
- Filed under Rule 13d-1(c); certifies the stake is passive with no intent to influence control.
Mink Brook Capital GP LLC (general partner) and Mueller (managing member) may be deemed beneficial owners but expressly disclaim ownership beyond their pecuniary interest.
The sizeable passive stake makes Mink Brook one of DLHC鈥檚 largest shareholders, potentially supporting the share price while concentrating ownership.
Emendamento n. 3 al Programma 13G depositato il 29 luglio 2025 mostra che i veicoli affiliati a William Mueller鈥擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC e Mink Brook Asset Management LLC鈥攑ossiedono collettivamente 2.383.450 azioni DLHC, pari al 16,57% delle 14.386.468 azioni in circolazione al 5 maggio 2025.
- Mink Brook Partners LP: 1.689.128 azioni (11,74%).
- Mink Brook Opportunity Fund LP: 694.322 azioni (4,83%).
- Tutti i poteri di voto e dispositivi sono condivisi; nessuna parte detiene potere esclusivo.
- Depositato ai sensi della Regola 13d-1(c); certifica che la partecipazione 猫 passiva senza intenzione di influenzare il controllo.
Mink Brook Capital GP LLC (socio accomandatario) e Mueller (membro gestore) possono essere considerati beneficiari effettivi ma rinunciano espressamente alla propriet脿 oltre il loro interesse pecuniario.
La consistente partecipazione passiva rende Mink Brook uno dei maggiori azionisti di DLHC, potenzialmente in grado di sostenere il prezzo delle azioni concentrando la propriet脿.
Enmienda n.潞 3 al Anexo 13G presentada el 29 de julio de 2025 muestra que los veh铆culos afiliados a William Mueller鈥擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC y Mink Brook Asset Management LLC鈥攑oseen colectivamente 2,383,450 acciones de DLHC, o el 16.57 % de las 14,386,468 acciones en circulaci贸n al 5 de mayo de 2025.
- Mink Brook Partners LP: 1,689,128 acciones (11.74%).
- Mink Brook Opportunity Fund LP: 694,322 acciones (4.83%).
- Todo el poder de voto y disposici贸n es compartido; ninguna parte tiene poder exclusivo.
- Presentado bajo la Regla 13d-1(c); certifica que la participaci贸n es pasiva sin intenci贸n de influir en el control.
Mink Brook Capital GP LLC (socio general) y Mueller (miembro gerente) pueden considerarse propietarios beneficiarios, pero renuncian expresamente a la propiedad m谩s all谩 de su inter茅s pecuniario.
La considerable participaci贸n pasiva convierte a Mink Brook en uno de los mayores accionistas de DLHC, posiblemente apoyando el precio de la acci贸n mientras concentra la propiedad.
2025雲� 7鞗� 29鞚� 鞝滌稖霅� 13G 鞚检爼 靾橃爼鞎� 3順�鞐� 霐半ゴ氅� William Mueller 甏�霠� 旮瓣磤霌も�擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC, Mink Brook Asset Management LLC鈥旉皜 2025雲� 5鞗� 5鞚� 旮办 氚滍枆欤检嫕 齑� 14,386,468欤� 欷� 2,383,450欤�(16.57%)鞚� DLHC 欤检嫕鞚� 瓿惦彊 氤挫湢頃橁碃 鞛堨潓鞚� 氤挫棳欷嶋媹雼�.
- Mink Brook Partners LP: 1,689,128欤� (11.74%).
- Mink Brook Opportunity Fund LP: 694,322欤� (4.83%).
- 氇摖 鞚橁舶甓� 氚� 觳橂秳甓岇潃 瓿惦彊 氤挫湢頃橂┌, 雼弲 甓岉暅鞛愲姅 鞐嗢姷雼堧嫟.
- 攴滌箼 13d-1(c)鞐� 霐半澕 鞝滌稖霅橃棃鞙茧┌, 歆�攵勳潃 靾橂彊鞝�鞚措┌ 瓴届榿甓岇棎 鞓來枼 氙胳範 鞚橂弰臧� 鞐嗢潓鞚� 鞚胳頃╇媹雼�.
Mink Brook Capital GP LLC(鞚茧皹 韺岉姼雱�)鞕� Mueller(鞖挫榿 氅る矂)電� 鞁れ鞝� 靻岇湢鞛愲 臧勳＜霅� 靾� 鞛堨溂雮�, 鞛爼鞝� 鞚挫澋 鞚挫儊鞚� 靻岇湢甓岇潃 攵�鞚疙暕雼堧嫟.
靸侂嫻頃� 靾橂彊鞝� 歆�攵勳溂搿� Mink Brook鞚� DLHC鞚� 欤检殧 欤检＜ 欷� 頃橂倶鞚措┌, 欤缄皜毳� 歆�歆�頃橂┐靹� 靻岇湢甓岇潉 歆戩鞁滍偓 臧�電レ劚鞚� 鞛堨姷雼堧嫟.
Amendement n掳3 au Schedule 13G d茅pos茅 le 29 juillet 2025 indique que les entit茅s affili茅es 脿 William Mueller鈥擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC et Mink Brook Asset Management LLC鈥攑oss猫dent collectivement 2 383 450 actions DLHC, soit 16,57 % des 14 386 468 actions en circulation au 5 mai 2025.
- Mink Brook Partners LP : 1 689 128 actions (11,74 %).
- Mink Brook Opportunity Fund LP : 694 322 actions (4,83 %).
- Tout le pouvoir de vote et de disposition est 辫补谤迟补驳茅 ; aucune partie ne d茅tient de pouvoir exclusif.
- D茅pos茅 en vertu de la r猫gle 13d-1(c) ; certifie que la participation est passive sans intention d鈥檌nfluencer le contr么le.
Mink Brook Capital GP LLC (associ茅 commandit茅) et Mueller (membre g茅rant) peuvent 锚tre consid茅r茅s comme des propri茅taires b茅n茅ficiaires mais d茅clinent express茅ment toute propri茅t茅 au-del脿 de leur int茅r锚t p茅cuniaire.
Cette participation passive importante fait de Mink Brook l鈥檜n des principaux actionnaires de DLHC, pouvant potentiellement soutenir le cours de l鈥檃ction tout en concentrant la propri茅t茅.
脛nderung Nr. 3 zum Schedule 13G, eingereicht am 29. Juli 2025, zeigt, dass Fahrzeuge, die mit William Mueller verbunden sind鈥擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC und Mink Brook Asset Management LLC鈥攝usammen 2.383.450 DLHC-Aktien besitzen, was 16,57 % der 14.386.468 ausstehenden Aktien zum 5. Mai 2025 entspricht.
- Mink Brook Partners LP: 1.689.128 Aktien (11,74 %).
- Mink Brook Opportunity Fund LP: 694.322 Aktien (4,83 %).
- Alle Stimm- und Verf眉gungsrechte werden geteilt; keine Partei h盲lt Alleinmacht.
- Gem盲脽 Regel 13d-1(c) eingereicht; best盲tigt, dass die Beteiligung passiv ist und keine Absicht besteht, Kontrolle zu beeinflussen.
Mink Brook Capital GP LLC (General Partner) und Mueller (gesch盲ftsf眉hrendes Mitglied) k枚nnen als wirtschaftliche Eigent眉mer gelten, lehnen jedoch ausdr眉cklich Eigentum 眉ber ihr finanzielles Interesse hinaus ab.
Die betr盲chtliche passive Beteiligung macht Mink Brook zu einem der gr枚脽ten Aktion盲re von DLHC, was den Aktienkurs st眉tzen und die Eigent眉merschaft konzentrieren k枚nnte.
- Mink Brook entities report a 16.6 % stake, indicating strong institutional confidence in DLHC.
- Filing under passive Rule 13d-1(c) reduces near-term risk of activist pressure.
- Concentrated ownership could heighten share-price volatility if the fund reduces its position.
- Stake size allows significant voting influence despite passive intent, adding governance uncertainty.
Insights
TL;DR: 16.6 % passive stake signals confidence, tightens float, modestly positive for valuation.
Mink Brook鈥檚 aggregated holding exceeds the 10 % reporting threshold, moving it into a position of material influence even though the filing is passive (13G, not 13D). A committed institutional holder can stabilise the register and support liquidity, especially for a small-cap like DLHC. However, concentrated ownership reduces free float and could amplify price swings on any future exit. No financial metrics are disclosed, so the impact is limited to share-register dynamics rather than fundamentals.
TL;DR: Large but passive holding reduces takeover risk; governance impact presently neutral.
Because Mink Brook certified it is not seeking control, immediate governance implications are muted. Nevertheless, at 16.6 % it can materially influence shareholder votes on proposals or contested elections. The fund鈥檚 shared voting structure suggests coordinated decision-making across entities. Investors should watch for any conversion from 13G to 13D, which would indicate an activist turn. For now, risk of board disruption is low, but governance leverage exists.
Emendamento n. 3 al Programma 13G depositato il 29 luglio 2025 mostra che i veicoli affiliati a William Mueller鈥擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC e Mink Brook Asset Management LLC鈥攑ossiedono collettivamente 2.383.450 azioni DLHC, pari al 16,57% delle 14.386.468 azioni in circolazione al 5 maggio 2025.
- Mink Brook Partners LP: 1.689.128 azioni (11,74%).
- Mink Brook Opportunity Fund LP: 694.322 azioni (4,83%).
- Tutti i poteri di voto e dispositivi sono condivisi; nessuna parte detiene potere esclusivo.
- Depositato ai sensi della Regola 13d-1(c); certifica che la partecipazione 猫 passiva senza intenzione di influenzare il controllo.
Mink Brook Capital GP LLC (socio accomandatario) e Mueller (membro gestore) possono essere considerati beneficiari effettivi ma rinunciano espressamente alla propriet脿 oltre il loro interesse pecuniario.
La consistente partecipazione passiva rende Mink Brook uno dei maggiori azionisti di DLHC, potenzialmente in grado di sostenere il prezzo delle azioni concentrando la propriet脿.
Enmienda n.潞 3 al Anexo 13G presentada el 29 de julio de 2025 muestra que los veh铆culos afiliados a William Mueller鈥擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC y Mink Brook Asset Management LLC鈥攑oseen colectivamente 2,383,450 acciones de DLHC, o el 16.57 % de las 14,386,468 acciones en circulaci贸n al 5 de mayo de 2025.
- Mink Brook Partners LP: 1,689,128 acciones (11.74%).
- Mink Brook Opportunity Fund LP: 694,322 acciones (4.83%).
- Todo el poder de voto y disposici贸n es compartido; ninguna parte tiene poder exclusivo.
- Presentado bajo la Regla 13d-1(c); certifica que la participaci贸n es pasiva sin intenci贸n de influir en el control.
Mink Brook Capital GP LLC (socio general) y Mueller (miembro gerente) pueden considerarse propietarios beneficiarios, pero renuncian expresamente a la propiedad m谩s all谩 de su inter茅s pecuniario.
La considerable participaci贸n pasiva convierte a Mink Brook en uno de los mayores accionistas de DLHC, posiblemente apoyando el precio de la acci贸n mientras concentra la propiedad.
2025雲� 7鞗� 29鞚� 鞝滌稖霅� 13G 鞚检爼 靾橃爼鞎� 3順�鞐� 霐半ゴ氅� William Mueller 甏�霠� 旮瓣磤霌も�擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC, Mink Brook Asset Management LLC鈥旉皜 2025雲� 5鞗� 5鞚� 旮办 氚滍枆欤检嫕 齑� 14,386,468欤� 欷� 2,383,450欤�(16.57%)鞚� DLHC 欤检嫕鞚� 瓿惦彊 氤挫湢頃橁碃 鞛堨潓鞚� 氤挫棳欷嶋媹雼�.
- Mink Brook Partners LP: 1,689,128欤� (11.74%).
- Mink Brook Opportunity Fund LP: 694,322欤� (4.83%).
- 氇摖 鞚橁舶甓� 氚� 觳橂秳甓岇潃 瓿惦彊 氤挫湢頃橂┌, 雼弲 甓岉暅鞛愲姅 鞐嗢姷雼堧嫟.
- 攴滌箼 13d-1(c)鞐� 霐半澕 鞝滌稖霅橃棃鞙茧┌, 歆�攵勳潃 靾橂彊鞝�鞚措┌ 瓴届榿甓岇棎 鞓來枼 氙胳範 鞚橂弰臧� 鞐嗢潓鞚� 鞚胳頃╇媹雼�.
Mink Brook Capital GP LLC(鞚茧皹 韺岉姼雱�)鞕� Mueller(鞖挫榿 氅る矂)電� 鞁れ鞝� 靻岇湢鞛愲 臧勳＜霅� 靾� 鞛堨溂雮�, 鞛爼鞝� 鞚挫澋 鞚挫儊鞚� 靻岇湢甓岇潃 攵�鞚疙暕雼堧嫟.
靸侂嫻頃� 靾橂彊鞝� 歆�攵勳溂搿� Mink Brook鞚� DLHC鞚� 欤检殧 欤检＜ 欷� 頃橂倶鞚措┌, 欤缄皜毳� 歆�歆�頃橂┐靹� 靻岇湢甓岇潉 歆戩鞁滍偓 臧�電レ劚鞚� 鞛堨姷雼堧嫟.
Amendement n掳3 au Schedule 13G d茅pos茅 le 29 juillet 2025 indique que les entit茅s affili茅es 脿 William Mueller鈥擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC et Mink Brook Asset Management LLC鈥攑oss猫dent collectivement 2 383 450 actions DLHC, soit 16,57 % des 14 386 468 actions en circulation au 5 mai 2025.
- Mink Brook Partners LP : 1 689 128 actions (11,74 %).
- Mink Brook Opportunity Fund LP : 694 322 actions (4,83 %).
- Tout le pouvoir de vote et de disposition est 辫补谤迟补驳茅 ; aucune partie ne d茅tient de pouvoir exclusif.
- D茅pos茅 en vertu de la r猫gle 13d-1(c) ; certifie que la participation est passive sans intention d鈥檌nfluencer le contr么le.
Mink Brook Capital GP LLC (associ茅 commandit茅) et Mueller (membre g茅rant) peuvent 锚tre consid茅r茅s comme des propri茅taires b茅n茅ficiaires mais d茅clinent express茅ment toute propri茅t茅 au-del脿 de leur int茅r锚t p茅cuniaire.
Cette participation passive importante fait de Mink Brook l鈥檜n des principaux actionnaires de DLHC, pouvant potentiellement soutenir le cours de l鈥檃ction tout en concentrant la propri茅t茅.
脛nderung Nr. 3 zum Schedule 13G, eingereicht am 29. Juli 2025, zeigt, dass Fahrzeuge, die mit William Mueller verbunden sind鈥擬ink Brook Partners LP, Mink Brook Opportunity Fund LP, Mink Brook Capital GP LLC und Mink Brook Asset Management LLC鈥攝usammen 2.383.450 DLHC-Aktien besitzen, was 16,57 % der 14.386.468 ausstehenden Aktien zum 5. Mai 2025 entspricht.
- Mink Brook Partners LP: 1.689.128 Aktien (11,74 %).
- Mink Brook Opportunity Fund LP: 694.322 Aktien (4,83 %).
- Alle Stimm- und Verf眉gungsrechte werden geteilt; keine Partei h盲lt Alleinmacht.
- Gem盲脽 Regel 13d-1(c) eingereicht; best盲tigt, dass die Beteiligung passiv ist und keine Absicht besteht, Kontrolle zu beeinflussen.
Mink Brook Capital GP LLC (General Partner) und Mueller (gesch盲ftsf眉hrendes Mitglied) k枚nnen als wirtschaftliche Eigent眉mer gelten, lehnen jedoch ausdr眉cklich Eigentum 眉ber ihr finanzielles Interesse hinaus ab.
Die betr盲chtliche passive Beteiligung macht Mink Brook zu einem der gr枚脽ten Aktion盲re von DLHC, was den Aktienkurs st眉tzen und die Eigent眉merschaft konzentrieren k枚nnte.
FAQ
How many DLHC shares does Mink Brook now own?
Which Mink Brook entities are listed in the Schedule 13G?
Does Mink Brook have sole or shared voting power over the DLHC shares?
Is the stake considered passive or activist?
What share-count base was used for the percentage calculation?
