SCHEDULE 13G/A: FMR LLC and Abigail Johnson Maintain Significant Stake in Curbline Properties Corp, Filing Shows 9.9% Beneficial Ownership
Beneficial Ownership Report
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G, disclosing a continued beneficial ownership of 9.9% in Curbline Properties Corp's common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson, its Chairman and CEO, jointly reported beneficial ownership of 10,448,400.42 shares of Curbline Properties Corp's common stock.
- This aggregate amount represents 9.9% of the total outstanding common stock of Curbline Properties Corp.
- The filing is an Amendment No. 2 to a Schedule 13G, indicating a passive investment intent.
- FMR LLC holds sole voting power over 10,255,915.49 shares and sole dispositive power over 10,448,400.42 shares.
- Abigail P. Johnson holds sole dispositive power over 10,448,400.42 shares, with no sole or shared voting power directly.
- The beneficial ownership is held through various FMR LLC subsidiaries and affiliates, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC (which beneficially owns 5% or greater), and Strategic Advisers LLC.
- The Johnson family, including Abigail P. Johnson, are predominant owners of FMR LLC's Series B voting common shares, representing 49% of the voting power, and have a voting agreement that may deem them a controlling group for FMR LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing (Schedule 13G Amendment) disclosing beneficial ownership. It is neutral in sentiment as it simply reports a factual ownership stake without commentary on company performance or future prospects.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership by a large institutional investor in a real estate company. It does not provide specific insights into broader industry trends but reflects continued investment by a major asset manager in the real estate sector.
Related Party Transactions
- The filing details the beneficial ownership of Curbline Properties Corp by FMR LLC and its Chairman and CEO, Abigail P. Johnson. Abigail P. Johnson and other members of the Johnson family are the predominant owners of FMR LLC, and through a voting agreement, may be deemed to form a controlling group with respect to FMR LLC. This establishes a related party relationship between the individual and the entity reporting the ownership.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, confirming a large, passive ownership position by FMR LLC and its affiliates.
- Management: Awareness of a major shareholder's position, though the 'passive' nature of the 13G filing suggests no immediate intent to influence control.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 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 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. |
| 2025-03-31 | Date of event which requires filing of this statement (ownership snapshot date). |
| 2025-05-09 | Filing date of the Schedule 13G Amendment No. 2. |
Keywords
FMR LLC, Abigail P. Johnson, Curbline Properties Corp, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment, SEC Filing, Real Estate
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