SCHEDULE 13G/A: FPR Partners and Senior Managing Members Disclose 4.4% Stake in CommScope Holding Company

FPR Partners LLC, along with its Senior Managing Members Andrew Raab and Bob Peck, have filed an amended Schedule 13G disclosing a combined beneficial ownership of 4.4% of CommScope Holding Company, Inc.'s Common Stock as of March 31, 2025.

Summary

• FPR Partners LLC, an investment adviser, along with its Senior Managing Members Andrew Raab and Bob Peck, have filed an Amendment No. 12 to Schedule 13G regarding their beneficial ownership in CommScope Holding Company, Inc.
• As of March 31, 2025, FPR Partners LLC beneficially owns 9,507,593 shares of CommScope Holding Company, Inc. Common Stock, representing 4.4% of the class.
• Andrew Raab beneficially owns an aggregate of 9,525,657 shares, also representing 4.4% of the class, which includes 18,064 shares with sole voting and dispositive power, and 9,507,593 shares with shared voting and dispositive power through FPR.
• Bob Peck beneficially owns an aggregate of 9,507,593 shares, representing 4.4% of the class, all with shared voting and dispositive power through FPR.
• The reported shares are primarily held directly by certain limited partnerships, referred to as "the Funds," for which FPR acts as investment manager.
• The percentage of class is based on shares outstanding as of March 12, 2025, as reported by CommScope Holding Company, Inc. in its Definitive Proxy Statement Form DEF 14A filed on March 24, 2025.
• The Reporting Persons state that 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 the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, carrying a neutral sentiment. It neither indicates positive nor negative operational or financial performance for the issuer.

Positives

• The filing indicates continued investment by FPR Partners LLC and its senior management in CommScope Holding Company, Inc.
• The disclosure confirms that the shares are held in the ordinary course of business, suggesting a passive investment strategy rather than an activist intent to influence control.

Negatives

• The document itself, being a Schedule 13G, does not inherently contain negative financial or operational information about the issuer.
• The beneficial ownership percentage of 4.4% is below the 5% threshold that would typically trigger a new Schedule 13D filing (which implies potential control intent), indicating a reduction from a previous higher stake or a new filing below 5%.

Risks

• The document does not detail specific risks related to CommScope Holding Company, Inc.'s operations or financial health.
• The primary risk related to this filing type is the potential for misinterpretation of the ownership stake or its intent, though the filing explicitly disclaims intent to influence control.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by an investment adviser and its principals, common in the financial industry for transparency regarding significant holdings in publicly traded companies. It does not provide specific insights into broader industry trends or competitive dynamics within the telecommunications infrastructure sector where CommScope operates.

Related Party Transactions

• The filing details a Joint Filing Agreement dated November 13, 2012, among FPR Partners, LLC, Andrew Raab, and Bob Peck, allowing for joint filing of SEC documents. This is a standard agreement for related parties filing jointly.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming a passive investment approach.
• Regulatory Authorities: Fulfills SEC disclosure requirements under Schedule 13G, ensuring market transparency.

Key Dates

Keywords

CommScope Holding Company, FPR Partners LLC, Andrew Raab, Bob Peck, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Adviser, Passive Investment