SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 3.4% Passive Stake in Cameco Corp
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a 3.4% beneficial ownership stake in Cameco Corp's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 14,834,467.36 shares of Cameco Corp's common stock.
- This aggregate amount represents 3.4% of Cameco Corp's total outstanding common stock.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating a passive investment purpose.
- FMR LLC holds sole voting power over 14,355,224.47 shares and sole dispositive power over 14,834,467.36 shares.
- Abigail P. Johnson's beneficial ownership is linked to her role as Director, Chairman, and Chief Executive Officer of FMR LLC, and her family's predominant ownership of FMR LLC.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Cameco Corp.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing a passive ownership stake, containing no positive or negative operational or financial news about the issuer, Cameco Corp. Its content is purely informational regarding beneficial ownership.
Positives
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business, indicating a stable, passive investment rather than an activist position.
- The filing explicitly states that the shares were not acquired for the purpose of changing or influencing the control of Cameco Corp, which provides clarity on the investor's intent.
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
NA
Stakeholder Impact
- Provides transparency to shareholders regarding a significant passive ownership stake by FMR LLC and Abigail P. Johnson, confirming their investment intent is not to influence control.
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. |
| 2025-03-31 | Date of event which requires filing of this statement (reporting date for beneficial ownership). |
| 2025-05-09 | Signature date for the Schedule 13G filing and date of the Rule 13d-1(k)(1) agreement. |
Keywords
Cameco Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment
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