SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.2% Stake in Centuri Holdings Inc
Beneficial Ownership Report
FMR LLC and its Chief Executive Officer, Abigail P. Johnson, have jointly disclosed a beneficial ownership of 10.2% in Centuri Holdings Inc's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson have filed an Amendment No. 1 to Schedule 13G, disclosing their beneficial ownership in Centuri Holdings Inc.
- As of March 31, 2025, FMR LLC and Abigail P. Johnson collectively beneficially own 9,070,398.22 shares of Centuri Holdings Inc's common stock.
- This aggregate ownership represents 10.2% of the class of common stock.
- FMR LLC holds sole voting power over 9,064,947.00 shares and sole dispositive power over 9,070,398.22 shares.
- Abigail P. Johnson holds sole dispositive power over 9,070,398.22 shares, reflecting her position as Director, Chairman, and CEO of FMR LLC and the Johnson family's predominant ownership of FMR LLC's voting shares.
- 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 Centuri Holdings Inc.
- The filing was made pursuant to Rule 13d-1(b) and includes a Rule 13d-1(k)(1) agreement for joint filing.
- Several FMR LLC subsidiaries, 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 regulatory filing disclosing beneficial ownership. It does not contain positive or negative operational news about the issuer, nor does it express sentiment.
Positives
- The disclosure of a significant 10.2% stake by a major institutional investor like FMR LLC could be viewed positively, indicating confidence in Centuri Holdings Inc.
Risks
- The document itself does not detail risks related to Centuri Holdings Inc's operations or financial health. It only states that the securities were not acquired for the purpose of changing or influencing control of the issuer.
Future Outlook
NA (This document does not contain forward-looking statements or guidance regarding the issuer's future performance.)
Industry Context
This filing reflects a significant ownership stake by FMR LLC, a prominent global asset management firm, in Centuri Holdings Inc. Such institutional investments are common in the financial industry, where large asset managers acquire stakes in publicly traded companies for investment purposes. The disclosure aligns with regulatory requirements for reporting substantial beneficial ownership.
Stakeholder Impact
- Shareholders: The disclosure of a 10.2% stake by FMR LLC, a major institutional investor, could be perceived as a vote of confidence, potentially influencing investor sentiment.
- Management: The filing indicates that the stake is held for investment purposes and not to influence control, which suggests no immediate impact on current management or strategic direction from this specific filing.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where the 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). |
| 2025-04-04 | Date of signing and filing of the Schedule 13G Amendment No. 1. |
Keywords
Centuri Holdings Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Ownership Disclosure, Investment Management
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