SCHEDULE: FMR LLC & Abigail Johnson Boost Centuri Holdings Stake

FMR LLC and Abigail P. Johnson have reported a 9.1% beneficial ownership stake in Centuri Holdings Inc. common stock as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively hold 8,085,251.39 shares of Centuri Holdings Inc. common stock.
• This represents 9.1% of the total outstanding common stock of Centuri Holdings Inc.
• FMR LLC holds sole voting power over 8,074,396.00 shares and sole dispositive power over 8,085,251.39 shares.
• Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to beneficially own the same aggregate amount of shares.
• The filing is an Amendment No. 2 to a previous Schedule 13G.
• The beneficial ownership is reported as of June 30, 2025.

Sentiment

Score: 7

Explanation: The filing is a routine ownership disclosure by a major institutional investor, indicating continued confidence in the issuer without suggesting any negative developments. The passive nature of the investment is explicitly stated.

Positives

• A significant institutional investor, FMR LLC, and its principal, Abigail P. Johnson, maintain a substantial 9.1% stake in Centuri Holdings Inc., indicating continued confidence.
• The beneficial ownership is held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Negatives

• No specific negative information about Centuri Holdings Inc. is disclosed in this ownership filing.

Risks

• No specific risks related to Centuri Holdings Inc. are detailed in this ownership disclosure; the filing primarily concerns the reporting entity's stake.

Future Outlook

No forward-looking statements or guidance from Centuri Holdings Inc. are provided in this ownership disclosure.

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

This filing indicates a significant, passive investment by a major asset manager (FMR LLC, parent of Fidelity) in Centuri Holdings Inc. Such filings are routine for large institutional investors crossing ownership thresholds and do not typically reflect specific industry trends beyond the general investment landscape. It suggests Centuri Holdings Inc. is part of a diversified portfolio for FMR LLC.

Comparison to Industry Standards

• FMR LLC, through its various investment advisory and trust company subsidiaries (e.g., Fidelity Management & Research Company LLC, FIAM LLC), is a prominent institutional investor. A 9.1% stake is a substantial position for a passive investor, often seen in companies that are part of broader market indices or have attractive long-term fundamentals.
• This level of ownership is typical for large asset managers like BlackRock, Vanguard, or State Street, who often hold significant passive stakes across numerous publicly traded companies as part of their index or actively managed funds.
• The filing explicitly states the holding is not for control purposes, which aligns with the typical passive investment strategy of such large funds.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, potentially reinforcing investor confidence due to the presence of a major asset manager.
• Management: Awareness of a large, passive institutional holder.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to monitor their beneficial ownership in Centuri Holdings Inc.
• Further Schedule 13G amendments will be filed if their beneficial ownership percentage changes significantly (e.g., by more than 1%) or if their intent changes.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of a significant, passive ownership stake by FMR LLC and Abigail P. Johnson in Centuri Holdings Inc. It does not contain new financial performance data, strategic shifts, or material risks related to the issuer that would warrant a change in investment thesis. The continued substantial holding by a major institutional investor suggests a stable, long-term view, supporting a 'hold' recommendation for existing investors. New investors should conduct further due diligence on Centuri Holdings Inc.'s fundamentals.

Keywords

Centuri Holdings Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Stake, SEC Filing