SCHEDULE: FMR LLC Discloses 6.9% Stake in CoreWeave Inc.
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have disclosed a 6.9% beneficial ownership stake in CoreWeave Inc.'s Class A Common Stock as of June 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson reported beneficial ownership of 25,016,050.65 shares of CoreWeave Inc. Class A Common Stock.
- This represents 6.9% of the total outstanding Class A Common Stock.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed statement.
- The event date requiring this filing was June 30, 2025.
- FMR LLC holds sole voting power over 24,219,215.45 shares and sole dispositive power over 25,016,050.65 shares.
- Abigail P. Johnson holds sole dispositive power over 25,016,050.65 shares.
- The filing was made jointly by FMR LLC and Abigail P. Johnson under a Rule 13d-1(k)(1) agreement.
Sentiment
Score: 6
Explanation: The filing indicates a significant, passive institutional investment by FMR LLC in CoreWeave Inc., which is generally a positive signal of investor confidence. No negative operational or financial details about CoreWeave Inc. are present in this ownership disclosure.
Positives
- A significant institutional investor, FMR LLC, holds a substantial 6.9% stake in CoreWeave Inc., which can be interpreted as a positive signal of investor confidence.
- The investment is stated to be for ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Risks
- The Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC (representing 49% of voting power) and have a voting agreement, which may deem them a controlling group with respect to FMR LLC. This could indirectly influence CoreWeave Inc. through FMR LLC's significant stake, despite the stated passive nature of the investment.
Future Outlook
This filing is an ownership disclosure and does not contain forward-looking statements or guidance regarding CoreWeave Inc.'s future performance or operations.
Industry Context
This filing indicates a significant investment by a major asset manager, FMR LLC, in CoreWeave Inc. This suggests growing institutional interest in CoreWeave Inc., which operates in the cloud computing and AI infrastructure sector, aligning with broader industry trends of increased investment in technology and AI-related companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Disclosure of the Johnson family's predominant ownership (49% voting power) of Series B voting common shares of FMR LLC and their voting agreement, which may deem them a controlling group with respect to FMR LLC. | NA | This clarifies the control structure of the reporting entity, FMR LLC, which indirectly holds a significant stake in CoreWeave Inc. It does not directly impact CoreWeave Inc.'s corporate governance but provides context on the decision-making structure of a major shareholder. |
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by FMR LLC could be viewed positively, potentially increasing investor confidence and liquidity in CoreWeave Inc.'s stock.
Key Dates
| Date | Description |
|---|---|
| 05/23/2023 | Effective date of Power of Attorney for Richard Bourgelas, authorizing him to sign on behalf of FMR LLC and Abigail P. Johnson. |
| 08/08/2023 | Date of previous Schedule 13G filing by FMR LLC (accession number -23-002397) where the Power of Attorney was incorporated by reference. |
| 06/30/2025 | Date of event which required the filing of this statement, indicating the reporting period end. |
| 08/05/2025 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
CoreWeave Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, Class A Common Stock, Institutional Ownership, SEC Filing, Beneficial Ownership, Investment
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.