SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 8.5% Passive Stake in Capri Holdings Ltd

FMR LLC and its affiliates, along with Abigail P. Johnson, have disclosed a passive beneficial ownership of 8.5% of Capri Holdings Ltd's common stock as of December 31, 2024.

Summary

• FMR LLC and Abigail P. Johnson, as reporting persons, have filed a Schedule 13G indicating beneficial ownership of Capri Holdings Ltd's common stock.
• As of December 31, 2024, the aggregate amount beneficially owned by each reporting person is 9,987,603.63 shares.
• This represents 8.5% of the class of Capri Holdings Ltd's common stock.
• FMR LLC holds sole voting power over 9,826,971.22 shares and sole dispositive power over 9,987,603.63 shares.
• Abigail P. Johnson, as an individual, holds sole dispositive power over 9,987,603.63 shares.
• The filing is made 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.
• Several FMR LLC subsidiaries and affiliates, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership, providing no positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This Schedule 13G filing is a routine disclosure of a significant passive ownership stake by a major institutional investor (FMR LLC, parent of Fidelity Investments) in a publicly traded company within the luxury fashion industry (Capri Holdings Ltd, which owns Versace, Michael Kors, and Jimmy Choo). Such filings indicate an investor's position but do not typically reflect strategic industry shifts or competitive dynamics.

Key Dates

Keywords

Capri Holdings Ltd, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing, Institutional Investor