THRIVENT FINANCIAL FOR LUTHERANS 4
4 · CION Ares Diversified Credit Fund · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
CADEX: Thrivent Financial (10% Owner) Buys 450,000 Shares
What Happened Thrivent Financial for Lutherans, reported as a 10% owner of CION Ares Diversified Credit Fund (CADEX), purchased 450,000 shares on 2026-07-06 at $23.38 per share, a total transaction value of $10,521,000. The filing lists the trade as a purchase (code P), described as an open-market or private purchase. Purchases are generally viewed as a more informative (potentially bullish) signal than routine sales, though motivations are not disclosed.
Key Details
- Transaction date: 2026-07-06; Form 4 filed 2026-07-08 (timely filing).
- Type: Purchase (code P) — open market or private purchase.
- Size & price: 450,000 shares at $23.38 each; total $10,521,000.
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes/plan: No 10b5-1 plan, tax withholding, or other special footnotes reported in the provided data.
- Timeliness: Filing appears timely (filed within the standard 2-business-day window).
Context This transaction was made by a 10% institutional owner (Thrivent), not an individual officer or director. Institutional purchases can reflect portfolio rebalancing or strategic position changes and do not by themselves indicate insider sentiment about day-to-day operations.
Insider Transaction Report
- Purchase
Mandatory Redeemable Preferred Shares, Series C
2026-07-06$23.38/sh+450,000$10,521,000→ 1,090,000 total
- 1,000,000
Mandatory Redeemable Preferred Shares, Series B
- 360,000
Mandatory Redeemable Preferred Shares, Series E
- 800,000
Mandatory Redeemable Preferred Shares, Series H