SCHEDULE: FMR LLC Boosts Belden Stake to 15%

FMR LLC and Abigail P. Johnson report a 15.0% beneficial ownership stake in Belden Inc. common stock as of September 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 5,942,963.26 shares of Belden Inc. common stock.
• This ownership represents 15.0% of the total outstanding common stock of Belden Inc.
• The shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of Belden Inc.
• FMR LLC holds sole voting power over 5,936,847.00 shares.
• Both FMR LLC and Abigail P. Johnson hold sole dispositive power over 5,942,963.26 shares.
• Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are involved in the beneficial ownership, with Fidelity Management & Research Company LLC beneficially owning 5% or greater of the outstanding shares.
• Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of FMR LLC's Series B voting common shares, representing 49% of the voting power, and form a controlling group with respect to FMR LLC.

Sentiment

Score: 7

Explanation: The filing indicates a significant, passive, and long-term institutional investment in Belden Inc. by FMR LLC, suggesting confidence in the company's stability and prospects without any intent to influence control. This is generally a positive signal for the market, reflecting a stable ownership base.

Positives

• A major institutional investor, FMR LLC, maintains a significant 15.0% stake in Belden Inc., indicating continued confidence in the company.
• The investment is stated to be for ordinary course of business, not for control, suggesting a passive, long-term investment perspective.

Future Outlook

NA

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

This filing reflects a significant passive investment by a major asset manager in Belden Inc., a company operating in the global signal transmission solutions industry. Such a substantial stake by FMR LLC suggests a positive long-term view of Belden's market position and strategic direction, aligning with broader trends of institutional investors seeking stable, established companies.

Stakeholder Impact

• Shareholders: The disclosure of a significant, stable institutional investor holding 15.0% of common stock may provide a sense of stability and confidence.
• Management: The passive nature of the investment (no intent to influence control) suggests FMR LLC is not seeking to challenge current management or strategic direction.

Key Dates

Recommendation

The filing indicates a significant, stable, and passive institutional ownership by FMR LLC, which is generally a positive sign of long-term confidence in Belden Inc. However, as a Schedule 13G, it does not provide new operational or financial data to warrant a change in investment thesis. The existing substantial stake suggests a 'hold' recommendation, maintaining current positions based on the stability implied by this institutional backing, absent other new information.

Keywords

Belden Inc., BELD, FMR LLC, Abigail P. Johnson, Schedule 13G, Institutional Ownership, Common Stock, Investment, Passive Stake