Sec Form 13G Filing - CAS Investment Partners LLC filing for Party City Holdco Inc. (PRTY) - 2023-01-18

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 6)*

 

Party City Holdco Inc.

(Name of Issuer)

 

Common Stock, Par Value: $0.01/share

(Title of Class of Securities)

 

702149105

(CUSIP Number)

 

January 11, 2023
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

  Rule 13d-1(b)
     
  Rule 13d-1(c)
     
  Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

   
 

 

 

CUSIP No. 702149105   Page 2 of 11

 

 

1

NAME OF REPORTING PERSONS
CAS Investment Partners, LLC

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN: 46-0901365

 
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☐

3 SEC USE ONLY  
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

 

NUMBER OF
SHARES

BENEFICIALLY
OWNED BY

EACH
REPORTING

PERSON
WITH:

5

SOLE VOTING

0

 
6

SHARED VOTING POWER

0

 
7

SOLE DISPOSITIVE POWER

0

 
8

SHARED DISPOSITIVE POWER

0

 
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

0

 
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

0%

 
12

TYPE OF REPORTING PERSON

IA, OO

 
         
   
 

 

CUSIP No. 702149105   Page 3 of 11

 

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1

NAME OF REPORTING PERSONS
Sosin Master, LP

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN: 46-0970829

 
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☐

3 SEC USE ONLY  
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

 

NUMBER OF
SHARES

BENEFICIALLY
OWNED BY

EACH
REPORTING

PERSON
WITH:

5

SOLE VOTING

0

 
6

SHARED VOTING POWER

0

 
7

SOLE DISPOSITIVE POWER

0

 
8

SHARED DISPOSITIVE POWER

0

 
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

0

 
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

0%

 
12

TYPE OF REPORTING PERSON

PN

 
         

   
 

 

 

CUSIP No. 702149105   Page 4 of 11

 

1

NAME OF REPORTING PERSONS
CSWR Partners, LP

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN: 83-3990390

 
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☐

3 SEC USE ONLY  
4

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware, United States of America

 

NUMBER OF
SHARES

BENEFICIALLY
OWNED BY

EACH
REPORTING

PERSON
WITH:

5

SOLE VOTING

0

 
6

SHARED VOTING POWER

0

 
7

SOLE DISPOSITIVE POWER

0

 
8

SHARED DISPOSITIVE POWER

0

 
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

0

 
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

0%

 
12

TYPE OF REPORTING PERSON

PN

 
         
   
 

 

 

CUSIP No. 702149105   Page 5 of 11

 

1

NAME OF REPORTING PERSONS
Clifford Sosin

 

I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) EIN:

 
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) ☐

(b) ☐

3 SEC USE ONLY  
4

CITIZENSHIP OR PLACE OF ORGANIZATION

United States of America

 

NUMBER OF
SHARES

BENEFICIALLY
OWNED BY

EACH
REPORTING

PERSON
WITH:

5

SOLE VOTING

0

 
6

SHARED VOTING POWER

0

 
7

SOLE DISPOSITIVE POWER

0

 
8

SHARED DISPOSITIVE POWER

0

 
9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

0

 
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN SHARES
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

0%

 
12

TYPE OF REPORTING PERSON

IN

 
         

   
 

 

CUSIP No. 702149105   Page 6 of 11

 

 

Item 1(a). Name of Issuer:
  Party City Holdco Inc.
   
Item 1(b). Address of Issuer’s Principal Executive Offices:  
  80 Grasslands Road, Elmsford, NY 10523
   
Item 2(a).

Name of Person Filing:

This Schedule 13G/A is being filed with respect to shares of Common Stock of the Issuer which are beneficially owned by CAS Investment Partners, LLC, Sosin Master, LP, CSWR Partners, LP and Clifford Sosin. As of January 11, 2023, Sosin Master, LP (the “Fund”) and CSWR Partners, LP owned 0 shares of Common Stock of the Issuer.

   
Item 2(b). Address of Principal Business Office or, if None, Residence:
  135 E 57th Street, Suite 18-108
New York, NY 10022
   
Item 2(c). Citizenship:
  See Item 4 on the cover pages hereto.
   
Item 2(d). Title of Class of Securities:
  Common Stock, Par Value: $0.01/share (“Common Stock”)
   
Item 2(e). CUSIP Number: 702149105

 

Item 3. If This Statement is Filed Pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), Check Whether the Person Filing is a:
   
  (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).
       
  (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c).
       
  (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c).
       
  (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
       
  (e)

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

  (f)

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

  (g)

A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);

 

  (h)

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

  (i)

A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);

 

  (j) Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

   
 

 

CUSIP No. 702149105   Page 7 of 11

 

 

Item 4. Ownership.

 

  Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a) Amount beneficially owned:
    See Item 9 on the cover page(s) hereto.
     
  (b) Percent of class:
    See Item 11 on the cover page(s) hereto.

 

  (c) Number of shares as to which such person has:
      
    (i) Sole power to vote or to direct the vote:  
      See Item 5 on the cover page(s) hereto.
       
       
    (ii) Shared power to vote or to direct the vote:
      See Item 6 on the cover page(s) hereto.
       
       
    (iii) Sole power to dispose or to direct the disposition of:
      See Item 7 on the cover page(s) hereto.
       
       
    (iv) Shared power to dispose or to direct the disposition of:
      See Item 8 on the cover page(s) hereto.

 

   
 

 

CUSIP No. 702149105   Page 8 of 11

 

 

Item 5. Ownership of Five Percent or Less of a Class.
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☒
   
Item 6. Ownership of More than Five Percent on Behalf of Another Person.
  Not applicable.
   
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
  Not applicable
   
Item 8. Identification and Classification of Members of the Group.
  Not applicable.
   
Item 9. Notice of Dissolution of Group.
  Not applicable

 

   
 

 

CUSIP No. 702149105   Page 9 of 11

 

 

Item 10. Certification.

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.

  CAS INVESTMENT PARTNERS, LLC
  Date: January 18, 2023
   
   
  By: /s/ Clifford Sosin
  Name: Clifford Sosin
  Title: Managing Member
   
   
  SOSIN MASTER, LP
  Date:  January 18, 2023
   
   
  By: Sosin, LLC
    its General Partner
  By: /s/ Clifford Sosin
  Name: Clifford Sosin
  Title:

Managing Member of CAS Investment Partners, LLC,

investment adviser of Sosin Partners, LP

   
   
  CSWR PARTNERS, LP
  Date: January 18, 2023
   
   
    Sosin, LLC
    its General Partner
  By: /s/ Clifford Sosin
  Name: Clifford Sosin
  Title:

Managing Member of CAS Investment Partners, LLC,

investment adviser of CSWR Partners, LP

     
     
    /s/ Clifford Sosin
    Clifford Sosin

 

   
 

 

Page 10 of 11

 

EXHIBIT INDEX

 

 

EXHIBIT 1: Joint Filing Agreement (filed herewith):