SCHEDULE: FMR LLC Discloses 6.2% Stake in BJ's Wholesale Club
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have reported a 6.2% beneficial ownership stake in BJ's Wholesale Club Holdings Inc., totaling 8,153,417.50 common shares.
Summary
- FMR LLC and Abigail P. Johnson, its Chairman and CEO, collectively reported beneficial ownership of 8,153,417.50 shares of BJ's Wholesale Club Holdings Inc. common stock.
- This represents 6.2% of the total outstanding common stock of BJ's Wholesale Club Holdings Inc.
- The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- FMR LLC, a parent holding company, holds sole voting power over 6,918,271.41 shares and sole dispositive power over 8,153,417.50 shares.
- Abigail P. Johnson holds sole dispositive power over 8,153,417.50 shares, reflecting her indirect interest through FMR LLC.
- Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as entities beneficially owning shares.
Sentiment
Score: 6
Explanation: The filing is a neutral, factual disclosure of beneficial ownership. The presence of a significant institutional investor like FMR LLC can be seen as a positive signal of confidence, hence a slightly positive score, but it contains no operational or financial performance data to warrant a higher score.
Positives
- Increased institutional ownership by a major investment firm like FMR LLC can signal confidence in the company's long-term prospects.
- The filing explicitly states the shares were acquired and are held in the ordinary course of business, not for influencing control, suggesting a passive investment.
Negatives
- No explicit negatives are mentioned in this beneficial ownership report.
Risks
- No specific risks related to BJ's Wholesale Club's operations or financial health are disclosed in this filing. The filing is solely about beneficial ownership.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding BJ's Wholesale Club Holdings Inc.'s future performance or operations.
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 Schedule 13G filing indicates a significant institutional investment by FMR LLC, a major asset management firm, in BJ's Wholesale Club Holdings Inc. Such disclosures are common for large investment managers who cross the 5% beneficial ownership threshold, reflecting their portfolio allocation decisions within the retail and wholesale club sector. It signals FMR LLC's continued or new interest in the company, positioning it as a notable institutional holder.
Comparison to Industry Standards
- This filing is a standard disclosure of beneficial ownership by a large institutional investor.
- A 6.2% stake is a substantial position for an institutional investor in a publicly traded company like BJ's Wholesale Club, indicating a strong conviction in the company's value proposition within the competitive retail and wholesale club industry, which includes peers like Costco Wholesale Corporation and Sam's Club (Walmart Inc.).
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director, Chairman and Chief Executive Officer | NA | Abigail P. Johnson | NA | Abigail P. Johnson's role at FMR LLC is noted as part of the beneficial ownership context, not a change. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Disclosure of the Johnson family's predominant ownership of Series B voting common shares of FMR LLC (49% voting power) and a shareholders' voting agreement, which may deem them a controlling group with respect to FMR LLC. | NA | Clarifies the control structure within FMR LLC, which indirectly holds shares in BJ's Wholesale Club. This provides transparency regarding the ultimate control of the reporting entity. |
Legal Proceedings
- No legal proceedings or regulatory matters are mentioned in this filing.
Related Party Transactions
- No related party transactions involving BJ's Wholesale Club Holdings Inc. are disclosed in this filing.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by FMR LLC may be viewed positively, potentially increasing investor confidence and liquidity.
- Management: Awareness of a large institutional holder may influence management's focus on long-term value creation and corporate governance.
Next Steps
- No specific future actions or milestones for BJ's Wholesale Club Holdings Inc. are mentioned in this beneficial ownership filing.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000038) for Abigail P. Johnson was incorporated by reference. |
| 2025-09-30 | Date of event which requires filing of this statement, reflecting beneficial ownership. |
| 2025-11-04 | Signature date for FMR LLC and Abigail P. Johnson on the Schedule 13G. |
Recommendation
holdThis Schedule 13G filing primarily discloses a significant beneficial ownership stake by FMR LLC in BJ's Wholesale Club Holdings Inc. While the presence of a major institutional investor can be a positive signal, the filing itself does not provide new operational or financial performance data for BJ's Wholesale Club that would warrant a 'buy' or 'sell' recommendation. It confirms institutional interest, which is generally a neutral to slightly positive factor, suggesting a 'hold' as investors would need to evaluate BJ's Wholesale Club's fundamentals and market conditions independently.
Keywords
BJ's Wholesale Club, BJS WHOLESALE CLUB HOLDINGS INC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Ownership, Common Stock, Retail, Wholesale Club
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