Safe Bulkers, Inc.
US ˙ NYSE ˙ MHY7388L1039

SecuritySB / Safe Bulkers, Inc.
InstitutionEmpowered Funds, LLC
Latest Disclosed Ownership663,731 shares
Latest Disclosed Value $ 4,201,417
Empowered Funds, LLC reports 2.77% increase in ownership of SB / Safe Bulkers, Inc.

On May 15, 2026 - Empowered Funds, LLC filed a 13F-HR form disclosing ownership of 663,731 shares of Safe Bulkers, Inc. (US:SB) valued at $4,201,417 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 18, 2026 disclosing 645,834 shares of Safe Bulkers, Inc.. This represents a change in shares of 2.77% during the quarter. The current value of the position is $4,294,340 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date
Effective
Date
Form Security Class ID Avg Price
Paid (Est)
Reported
Shares
ΔShares ΔShares
(%)
Reported
Value
(x1000)
ΔValue
(%)
Alloc
(%)
ΔAlloc ΔAlloc (%) Cost Basis
(x1000)
Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F SAFE BULKERS COM Y7388L103 663,731 17,897 2.77 4,201 34.99 0.0268
2026-02-18 2025-12-31 13F/A-1 SAFE BULKERS COM Y7388L103 645,834 36,356 5.97 3,113 15.00 0.0529
2026-02-11 2025-12-31 13F SAFE BULKERS COM Y7388L103 645,834 36,356 3,113 0.0061
2025-11-13 2025-09-30 13F SAFE BULKERS COM Y7388L103 609,478 -23,760 -3.75 2,706 18.42 0.0273
2025-08-11 2025-06-30 13F SAFE BULKERS COM Y7388L103 633,238 57,009 9.89 2,286 7.48 0.0259
2025-05-16 2025-03-31 13F SAFE BULKERS COM Y7388L103 576,229 29,667 5.43 2,126 8.97 0.0303
2025-01-28 2024-12-31 13F SAFE BULKERS COM Y7388L103 546,562 26,595 5.11 1,951 -27.55 0.0285
2024-11-06 2024-09-30 13F SAFE BULKERS COM Y7388L103 519,967 26,398 5.35 2,693 -6.23 0.0424
2024-07-30 2024-06-30 13F SAFE BULKERS COM Y7388L103 493,569 35,460 7.74 2,873 26.41 0.0497
2024-05-07 2024-03-31 13F/A-1 SAFE BULKERS COM Y7388L103 458,109 34,640 8.18 2,272 36.54 0.0410
2024-05-06 2024-03-31 13F SAFE BULKERS COM Y7388L103 458,109 34,640 2,272 0.0196
2024-02-14 2023-12-31 13F SAFE BULKERS COM Y7388L103 423,469 38,269 9.93 1,664 33.33 0.0418
2023-11-01 2023-09-30 13F SAFE BULKERS COM Y7388L103 385,200 31,600 8.94 1,248 8.33 0.0368
2023-07-27 2023-06-30 13F SAFE BULKERS COM Y7388L103 353,600 353,600 1,153 0.0405
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.