SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 14.7% Stake in Capri Holdings Ltd.
Beneficial Ownership Disclosure
FMR LLC and its affiliates, along with Abigail P. Johnson, have disclosed a beneficial ownership of 14.7% of Capri Holdings Ltd.'s common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 17,329,753.46 shares of Capri Holdings Ltd. common stock.
- This ownership represents 14.7% of the total outstanding common stock of Capri Holdings Ltd.
- The filing is an Amendment No. 2 to a Schedule 13G, indicating an update to a previously reported ownership stake.
- FMR LLC, a Delaware-organized entity, holds sole voting power over 16,856,727.21 shares and sole dispositive power over 17,329,753.46 shares.
- Abigail P. Johnson, a U.S. citizen, holds sole dispositive power over 17,329,753.46 shares.
- The ownership is reported under Rule 13d-1(b), signifying that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- FMR LLC is classified as a parent holding company, with subsidiaries like Fidelity Management & Research Company LLC beneficially owning 5% or more of the shares.
- Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, is part of the Johnson family group which controls FMR LLC through their ownership of Series B voting common shares.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing disclosing a significant, passive ownership stake by a major institutional investor. This indicates continued confidence from a large shareholder, which is generally positive, but it does not contain new operational or financial news from the issuer itself.
Positives
- A significant institutional investor, FMR LLC, maintains a substantial 14.7% stake, indicating continued confidence in Capri Holdings Ltd.
- The filing under Rule 13d-1(b) suggests the investment is for passive purposes, not an attempt to influence or control the company, which can be seen as a stable, long-term investment.
Future Outlook
NA
Industry Context
This filing indicates a significant, passive investment by a major asset manager (FMR LLC/Fidelity) in a publicly traded company in the fashion/luxury goods sector (Capri Holdings Ltd. owns Versace, Michael Kors, Jimmy Choo). Such large institutional holdings are common and can signal stability, but this document alone does not provide broader industry trends.
Stakeholder Impact
- Shareholders: The disclosure of a significant, passive stake by a major institutional investor like FMR LLC can provide a degree of stability and confidence, as it suggests a long-term investment perspective.
- Management: Awareness of a large, passive institutional holder may influence management's strategic decisions, though the filing explicitly states no intent 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 FMR LLC's Power of Attorney 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 Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 2025-03-31 | Date of event which requires filing of this statement (ownership stake as of this date). |
| 2025-05-09 | Date of signing and filing of this Schedule 13G Amendment No. 2. |
Keywords
Capri Holdings Ltd, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, G1890L107, Fidelity
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