Molinelli Gregory Todd has filed an amendment to its Schedule 13D, revealing a decrease in its ownership stake in the PRIMECAP Odyssey Discovery ETF. This filing, dated November 2, 2026, is significant as it indicates a shift in beneficial ownership that could affect investor sentiment and the overall dynamics within the fund management industry.

Background

Molinelli Gregory Todd is a reporting person with a focus on fund management. The company has recently filed two documents with the SEC, including a Schedule 13D on October 26, 2026, and the current amendment. The PRIMECAP Odyssey Funds, which includes the ETF in question, is based in Pasadena, California.

What the Filing Says

The amendment states, "This Amendment No. 1 to Schedule 13D relates to the common shares ('Shares') of PRIMECAP Odyssey Discovery ETF ('POMG'), and amends the initial statement on Schedule 13D filed by the undersigned on October 26, 2026, as specifically set forth herein." It also notes that the reporting person now owns 80,000 shares, accounting for approximately 3.9% of the total outstanding shares.

Impact

This change in ownership may affect current and potential investors in the PRIMECAP Odyssey Discovery ETF, as it reflects a notable decrease in beneficial ownership. The filing indicates that as of October 30, 2026, Molinelli Gregory Todd ceased to be the beneficial owner of more than 5% of the class of securities, which could influence market perceptions and investor behavior.

What's Next

The filing does not say what happens next.