SCHEDULE: FMR LLC & Abigail Johnson Boost Circle Internet Stake

FMR LLC and Abigail P. Johnson have disclosed a 6.8% beneficial ownership stake in Circle Internet Group Inc.'s Class A Common Stock as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson reported beneficial ownership of 13,747,308 shares of Circle Internet Group Inc.'s Class A Common Stock.
• This represents 6.8% of the outstanding Class A Common Stock.
• The filing date is August 5, 2025, reflecting ownership as of June 30, 2025.
• FMR LLC holds sole voting power over 13,747,108 shares and sole dispositive power over 13,747,308 shares.
• Abigail P. Johnson holds sole dispositive power over 13,747,308 shares, with no sole or shared voting power.
• FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual.
• Subsidiaries of FMR LLC, including Fidelity Management & Research Company LLC and Fidelity Management Trust Company, beneficially own 5% or more of the outstanding shares.
• Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, and a member of the Johnson family, is part of the predominant owners of FMR LLC's Series B voting common shares (49% voting power), potentially forming a controlling group for FMR LLC.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by a large institutional investor and its principal, indicating a passive investment. It does not contain information that would typically alter the sentiment towards the issuer's operational or financial performance.

Risks

• The Johnson family group, through their ownership of voting common shares and a shareholders' voting agreement, may be deemed to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940.

Future Outlook

NA

Industry Context

This filing indicates a significant passive investment by a major asset management firm (FMR LLC, parent of Fidelity) and its key executive in an internet group. Such disclosures are common for large institutional investors crossing ownership thresholds, reflecting their portfolio allocations rather than specific strategic moves related to the issuer's industry trends.

Comparison to Industry Standards

• FMR LLC's 6.8% stake in Circle Internet Group Inc. is a substantial passive investment, typical for large institutional asset managers like Fidelity (FMR LLC's primary operating company) when they accumulate shares in publicly traded companies.
• For example, Vanguard Group and BlackRock, Inc., similar to FMR LLC, frequently appear in Schedule 13G filings, often holding passive stakes ranging from 5% to over 10% in numerous companies across various sectors, reflecting broad market index tracking or active fund management strategies.
• The filing indicates a passive investment intent, stating the shares were acquired and held "in the ordinary course of business" and "not for the purpose of or with the effect of changing or influencing the control of the issuer," which aligns with the typical behavior of large institutional investors filing Schedule 13G.

Stakeholder Impact

• Shareholders: Increased institutional ownership by a prominent firm like FMR LLC (Fidelity) can be viewed positively, signaling confidence in the company, potentially increasing liquidity, and attracting other institutional investors.
• Company Management: Awareness of a significant passive institutional holder may influence management's focus on long-term value creation, though the filing explicitly states no intent to influence control.

Key Dates

Keywords

Circle Internet Group, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, SEC Filing, Investment Management, Fidelity