First Trust Capital Management L.P. Reports New 5.25% Stake in Blue Foundry Bancorp (BLFY)

First Trust Capital Management L.P. (FTCM), along with First Trust Capital Solutions L.P. and FTCS Sub GP LLC, filed a Schedule 13G on May 15, 2026, reporting a new 5.25% stake in Blue Foundry Bancorp (BLFY). The reporting persons collectively beneficially own 1,004,006 shares of common stock as of the event date on March 31, 2026. FTCM acts as an investment adviser to various client accounts, including the First Trust Multi-Strategy Fund and First Trust Merger Arbitrage Fund. The filing indicates that FTCM has sole voting and dispositive power over all reported shares. First Trust Capital Solutions L.P. and FTCS Sub GP LLC are included in the filing as control persons of FTCM. The acquisition was made in the ordinary course of business and not for the purpose of influencing or changing control of the issuer. This filing marks an increase from a previous 0% ownership position, crossing the 5% regulatory threshold.