HoldCo Asset Management, LP and affiliated reporting persons filed a Schedule 13D with the SEC on October 28, 2026, disclosing beneficial ownership of 3,535,282 shares of BankUnited, Inc. common stock as of an event date of October 21, 2026.

Key Highlights

  • Aggregate shares held: The reporting persons collectively report beneficial ownership of 3,535,282 shares of BankUnited, Inc. common stock, representing 5.0% of the class.
  • Aggregate purchase price: According to the filing, the total purchase price of the 3,535,282 shares is approximately $135,628,306, including brokerage commissions.
  • Source of funds: The shares held by HoldCo Opportunities Fund V, L.P. were purchased with working capital and may be held in margin accounts established with brokers or banks.
  • Shared voting and dispositive power: All six reporting persons report zero sole voting or dispositive power, with shared voting and shared dispositive power each reported as 3,535,282 shares.
  • Stated purpose: The filing states the shares were purchased based on "the Reporting Persons' belief that the Shares, when purchased, were undervalued and represented an attractive investment opportunity."
  • Key individuals: Michael Zaitzeff and Vikaran Ghei are identified as Managing Members of both VM GP X LLC and VM GP II LLC (HoldCo GP).

HoldCo Asset Management's Schedule 13D Filing on BankUnited Common Stock

HoldCo Asset Management, LP, a registered investment adviser based in Fort Lauderdale, Florida, joined five affiliated entities and individuals in filing a joint Schedule 13D regarding shares of BankUnited, Inc. (NYSE:BKU) common stock, $0.01 par value per share. The triggering event date for the filing is listed as October 21, 2026. The six reporting persons are: HoldCo Opportunities Fund V, L.P.; VM GP X LLC (general partner of Fund V); HoldCo Asset Management, LP (investment manager of Fund V); VM GP II LLC (general partner of HoldCo); Michael Zaitzeff; and Vikaran Ghei.

According to the filing, the 3,535,282 shares were acquired by Fund V using working capital. The filing notes that securities held in margin accounts, including these shares, "may be pledged as collateral security for the repayment of debit balances in such accounts." The aggregate purchase price disclosed is approximately $135,628,306, including brokerage commissions, for a 5.0% reported stake in BankUnited's common stock.

The filing states that the reporting persons may, depending on market conditions, other investment opportunities, and share price availability, increase or decrease their position. Each reporting person reported zero sole voting power and zero sole dispositive power, with all 3,535,282 shares attributed to shared voting and shared dispositive power across all six parties. The filing also confirms that no reporting person has been convicted in a criminal proceeding or been subject to a securities-law-related civil judgment in the past five years.

What Was Disclosed

HoldCo Asset Management, LP and five affiliated reporting persons disclosed a combined 5.0% beneficial ownership position of 3,535,282 BankUnited common shares, purchased for approximately $135,628,306 including commissions, via a joint Schedule 13D filed October 28, 2026.