SCHEDULE: FMR LLC, Abigail Johnson Disclose 12.6% Stake in Blue Owl Capital

FMR LLC and Abigail P. Johnson have reported a combined beneficial ownership of 12.6% of Blue Owl Capital Inc.'s Class A Common Stock as of December 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 83,780,075.10 shares of Blue Owl Capital Inc. Class A Common Stock.
• This aggregate amount represents 12.6% of the total outstanding Class A Common Stock.
• FMR LLC holds sole voting power over 76,256,111.34 shares and sole dispositive power over 83,780,075.10 shares.
• Abigail P. Johnson holds sole dispositive power over 83,780,075.10 shares, with no sole or shared voting power directly attributed to her in this filing.
• The securities 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 and affiliates, including Fidelity Management & Research Company LLC, are identified as entities beneficially owning shares, with Fidelity Management & Research Company LLC beneficially owning 5% or greater of the outstanding shares.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a significant and stable institutional holding by FMR LLC suggests continued confidence in Blue Owl Capital Inc. without any indication of an activist agenda.

Positives

• A major institutional investor, FMR LLC (Fidelity), maintains a significant 12.6% stake in Blue Owl Capital Inc., indicating continued confidence in the company.
• The holding is stated to be in the ordinary course of business, suggesting a long-term investment perspective rather than an activist stance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that large institutional holdings by firms like FMR LLC (Fidelity) are common in the asset management industry, reflecting strategic investments in peers or companies within their investment universe. Blue Owl Capital operates in the alternative asset management space, a sector that has seen significant growth and institutional interest.

Comparison to Industry Standards

• A 12.6% stake by a major asset manager like FMR LLC is a substantial passive investment, often seen as a vote of confidence in the underlying company's business model and market position.
• Compared to activist stakes, which typically aim for control or significant influence, this filing explicitly states the holding is in the ordinary course of business and not for control, aligning with typical passive institutional investment strategies.

Stakeholder Impact

• Shareholders: The continued significant stake by a major institutional investor like FMR LLC may provide a level of stability and confidence for other shareholders.
• Management: The passive nature of the investment (not for control) suggests FMR LLC is not seeking to influence Blue Owl Capital Inc.'s management or strategic direction.

Key Dates

Recommendation

The filing is a routine disclosure of a significant, passive institutional stake by FMR LLC in Blue Owl Capital Inc. While the continued large holding is a positive signal of confidence, it does not present new information that would fundamentally alter the investment thesis to warrant a strong buy or sell recommendation. A 'hold' position is appropriate for investors to monitor the company's performance and FMR LLC's future filings.

Keywords

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