SCHEDULE: FMR LLC & Abigail Johnson Boost Blue Owl Capital Stake to 11%

Sentiment:

Beneficial Ownership Report 7 November 2025 11:13 AM

FMR LLC and its affiliates, along with Abigail P. Johnson, have disclosed an 11.0% beneficial ownership stake in Blue Owl Capital Inc.'s Class A Common Stock.

Summary

FMR LLC and Abigail P. Johnson collectively beneficially own 71,763,797.86 shares of Blue Owl Capital Inc.'s Class A Common Stock.
This represents an 11.0% stake in the company's Class A Common Stock.
FMR LLC holds sole voting power over 66,206,373.97 shares and sole dispositive power over 71,763,797.86 shares.
Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Blue Owl Capital Inc.
Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities beneficially owning shares, with Fidelity Management & Research Company LLC owning 5% or greater.

Sentiment

Score: 7

Explanation: The filing indicates a significant and stable institutional investment in Blue Owl Capital Inc. by a major asset manager, FMR LLC, and its principal, Abigail P. Johnson. This suggests confidence in the company's long-term prospects, although it is purely an ownership disclosure and not a performance report.

Positives

Significant institutional investment from FMR LLC and its affiliates, indicating confidence in Blue Owl Capital Inc.
The investment is stated to be for ordinary course of business, not for control, suggesting a passive, long-term investment perspective.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding Blue Owl Capital Inc.'s future performance or operations.

Industry Context

This filing highlights continued institutional interest in alternative asset managers like Blue Owl Capital Inc. FMR LLC, a major player in the asset management industry, increasing its stake suggests a positive long-term view on the sector and Blue Owl's position within it, potentially driven by growing demand for private market investments.

Stakeholder Impact

Shareholders: Increased institutional ownership by a prominent asset manager could be viewed positively, potentially signaling long-term confidence and stability.
Management: The filing indicates a significant shareholder base that is not seeking to influence control, which could provide stability.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries, incorporated by reference.
2023-01-10	Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number -23-000003) was incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson, incorporated by reference.
2023-01-31	Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number -23-000038) was incorporated by reference.
2025-10-31	Date of event which requires the filing of this statement (measurement date for beneficial ownership).
2025-11-06	Date of agreement for joint filing of Schedule 13G by FMR LLC and Abigail P. Johnson.
2025-11-06	Signature date for FMR LLC and Abigail P. Johnson on the Schedule 13G filing.

Recommendation

hold

The filing indicates a substantial and stable institutional ownership stake by FMR LLC and Abigail P. Johnson in Blue Owl Capital Inc. at 11.0%. This suggests a vote of confidence from a major asset manager, which is generally a positive signal. However, as a Schedule 13G, it is purely an ownership disclosure and does not provide new financial performance data or strategic updates that would warrant a 'buy' or 'sell' recommendation based solely on this document. The 'hold' recommendation reflects the stability implied by significant institutional backing without new catalysts for immediate price movement.

Keywords

Blue Owl Capital Inc., FMR LLC, Abigail P. Johnson, Institutional Ownership, Schedule 13G, Class A Common Stock, Beneficial Ownership, Asset Management, Investment Filer

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