SCHEDULE: FMR LLC, Abigail Johnson Disclose 5.7% Stake in Centuri Holdings
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an Amendment No. 3 to Schedule 13G, disclosing a beneficial ownership of 5.7% in Centuri Holdings Inc. as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson reported beneficial ownership of 5,049,376.79 shares of Centuri Holdings Inc. common stock.
- This represents 5.7% of the total outstanding common stock of Centuri Holdings Inc.
- The filing is an Amendment No. 3 to Schedule 13G, indicating a change from previous filings.
- FMR LLC holds sole voting power over 5,038,698.00 shares and sole dispositive power over 5,049,376.79 shares.
- Abigail P. Johnson holds sole dispositive power over 5,049,376.79 shares, but no sole or shared voting power directly.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Centuri Holdings Inc.
- FMR LLC is classified as a parent holding company or control person, and Abigail P. Johnson is an individual.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or more.
- Abigail P. Johnson, as Chairman and CEO of FMR LLC, and other Johnson family members, are considered a controlling group for FMR LLC through a shareholders' voting agreement.
Sentiment
Score: 5
Explanation: The filing is a neutral, factual disclosure of beneficial ownership, as required by SEC regulations. It does not contain positive or negative news about the issuer's performance or operations, but rather reflects an institutional investor's stake.
Positives
- A significant institutional investor, FMR LLC, and its principal, Abigail P. Johnson, maintain a substantial stake in Centuri Holdings Inc., potentially signaling confidence in the company.
- The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, suggesting a passive investment stance.
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
This filing reflects a standard disclosure by a major institutional asset manager, FMR LLC (Fidelity), regarding its passive investment in Centuri Holdings Inc. Such disclosures are common for large investment firms that cross the 5% beneficial ownership threshold in publicly traded companies. It indicates FMR LLC's continued presence as a significant shareholder in the utility infrastructure services sector, where Centuri Holdings operates.
Comparison to Industry Standards
- FMR LLC, through its various investment advisory subsidiaries, is a prominent institutional investor, and its beneficial ownership filings are standard practice for large asset managers.
- A 5.7% stake is a notable position for a passive institutional investor, aligning with typical portfolio allocations for diversified funds managed by firms like Fidelity.
- The explicit statement that the holding is for ordinary course of business and not for control aligns with the typical passive investment strategy of large mutual fund complexes, distinguishing it from activist investor filings (e.g., Schedule 13D).
Stakeholder Impact
- Shareholders of Centuri Holdings Inc.: Provides transparency regarding a significant institutional shareholder's stake, confirming FMR LLC's continued investment.
- FMR LLC and its affiliates: Fulfills regulatory disclosure requirements for their beneficial ownership.
- Regulatory Authorities: Provides required information for market oversight.
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 Abigail P. Johnson's Power of Attorney (accession number -23-000038) was incorporated by reference. |
| 2025-09-30 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 2025-11-04 | Signature date of the Schedule 13G Amendment No. 3 filing. |
Keywords
Centuri Holdings Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Investment Management
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