Conifer Management, L.L.C. filed Amendment No. 4 to its Schedule 13D with the SEC on October 27, 2026, disclosing a beneficial ownership position of 2,012,290 shares of Group 1 Automotive, Inc. common stock, representing approximately 16.9% of shares outstanding.

Key Highlights

  • Beneficial ownership: Conifer Management reported 2,012,290 shares of Group 1 Automotive common stock beneficially owned as of the filing date.
  • Ownership percentage: The 2,012,290 shares represent approximately 16.9% of outstanding common stock, based on 11,922,225 shares outstanding as of July 24, 2026.
  • Funds deployed: Approximately $41,559,876.43, excluding commissions, was paid to acquire shares since Amendment No. 3 was filed.
  • Sole voting and dispositive power: Conifer Management holds sole voting power and sole dispositive power over all 2,012,290 shares reported.
  • Source of funds: Purchases were funded from general working capital of commingled investment vehicles managed by Conifer Management, which may have included margin account borrowings.
  • Triggering event: The event requiring this filing occurred on October 23, 2026.

Conifer Management's Growing Position in Group 1 Automotive

According to the filing, Conifer Management, L.L.C., a Delaware-organized investment adviser, has incrementally built its position in Group 1 Automotive, Inc. (NYSE:GPI), a Houston, Texas-based automotive retailer, through a series of open-market purchases. This Amendment No. 4 follows the original Schedule 13D filed on August 20, 2026, and three prior amendments filed on September 8, September 22, and September 29, 2026, each reflecting additional share acquisitions.

The filing states that approximately $41,559,876.43, excluding commissions, was used to acquire shares since the previous amendment. Those funds were drawn from the general working capital of commingled investment vehicles managed by Conifer Management that directly hold the shares. The filing notes that margin account borrowings may have been included but adds that it is not possible to determine what amounts, if any, of margin were specifically used to purchase the shares of common stock reported, because other securities are also held in those margin accounts.

All transactions since Amendment No. 3 are listed in Exhibit 99.7 attached to the filing, and each was "effected in the open market through a broker," according to the document. Gregory Alexander, identified as Managing Member of Conifer Management, signed the filing on October 27, 2026. The filing's ownership percentage is calculated against the 11,922,225 shares of Group 1 Automotive common stock reported outstanding as of July 24, 2026, as disclosed in the issuer's Form 10-Q filed on July 30, 2026.

What Was Disclosed

Conifer Management, L.L.C. disclosed in its Schedule 13D Amendment No. 4 that it beneficially owns 2,012,290 shares of Group 1 Automotive common stock, equal to approximately 16.9% of shares outstanding, acquired in part through approximately $41,559,876.43 in open-market purchases since the prior amendment.