SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.3% Stake in Builders FirstSource Inc.
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have jointly filed an amended Schedule 13G, reporting a beneficial ownership of 10.3% of Builders FirstSource Inc.'s common stock as of January 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 11,869,674.13 shares of Builders FirstSource Inc. common stock.
- This ownership represents 10.3% of the total outstanding common stock of Builders FirstSource Inc.
- FMR LLC holds sole voting power over 11,431,489.09 shares and sole dispositive power over 11,869,674.13 shares.
- Abigail P. Johnson holds sole dispositive power over 11,869,674.13 shares, with no sole or shared voting power.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Builders FirstSource Inc.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is classified as an individual.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently lead to a positive or negative sentiment regarding the company's operational performance or financial health. It is a routine regulatory filing.
Positives
- The filing indicates a significant, passive investment by a major institutional investor (FMR LLC) and its principal (Abigail P. Johnson) in Builders FirstSource Inc., suggesting confidence in the company's long-term prospects from a large financial entity.
- The stated purpose of holding shares is in the ordinary course of business, indicating a non-activist, stable investment.
Risks
- The document notes that members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC (representing 49% of voting power) and, through a voting agreement, may be deemed to form a controlling group with respect to FMR LLC. This is an internal governance detail of FMR LLC and does not directly pose a risk to Builders FirstSource Inc. from this filing.
Future Outlook
This document is a beneficial ownership report and does not contain any forward-looking statements or guidance regarding Builders FirstSource Inc.'s future operations or financial performance.
Industry Context
This filing highlights continued institutional investor interest in the building materials and construction supply sector, as evidenced by a significant stake held by a major asset manager like FMR LLC in Builders FirstSource Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence investor perception and potentially liquidity.
- Investment Professionals: Offers data points for tracking institutional ownership and market concentration in Builders FirstSource Inc.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 01/10/2023 | Accession number for Exhibit 24 to the Schedule 13G filed by FMR LLC, referencing the Power of Attorney. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Accession number for Exhibit 24 to the Schedule 13G filed by FMR LLC, referencing Abigail P. Johnson's Power of Attorney. |
| 01/31/2025 | Date of event which requires the filing of this statement (beneficial ownership snapshot date). |
| 02/06/2025 | Date of filing of the Schedule 13G Amendment No. 1. |
Keywords
Builders FirstSource, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Ownership, Building Materials, SEC Filing
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