SCHEDULE: FMR LLC & Abigail Johnson Report 3.7% Stake in Federal Agricultural Mortgage Corp

FMR LLC and Abigail P. Johnson have filed an amendment to their Schedule 13G, disclosing a 3.7% beneficial ownership in Federal Agricultural Mortgage Corp's Class C Nonvoting Common Stock as of December 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 343,616.70 shares of Federal Agricultural Mortgage Corp's Class C Nonvoting Common Stock.
• This ownership represents 3.7% of the total outstanding Class C Nonvoting Common Stock.
• FMR LLC holds sole voting power over 342,223.71 shares and sole dispositive power over 343,616.70 shares.
• Abigail P. Johnson, as an individual, holds sole dispositive power over 343,616.70 shares, with no sole or shared voting power reported.
• The filing is an Amendment No. 4 to a previous Schedule 13G, indicating an update to their beneficial ownership disclosure.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• Fidelity Management & Research Company LLC and Strategic Advisers LLC are identified as relevant entities within FMR LLC that beneficially own shares.
• Abigail P. Johnson is the Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC's voting common shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a routine disclosure of beneficial ownership by a large institutional investor, indicating a passive stake without any explicit positive or negative implications for the issuer's operations or stock performance.

Positives

• The continued disclosure by a major institutional investor like FMR LLC indicates ongoing interest in Federal Agricultural Mortgage Corp's Class C Nonvoting Common Stock.

Negatives

• The reported beneficial ownership of 3.7% is below the 5% threshold typically associated with significant influence, and it's an amendment, so it could represent a reduction from a prior higher stake, though the filing does not specify the previous percentage.

Risks

• The Class C shares are nonvoting, limiting the ability of FMR LLC and Abigail P. Johnson to influence corporate governance or strategic decisions despite their ownership stake.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or FMR LLC's future investment intentions beyond the statement that securities are held in the ordinary course of business.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

StockSavvy.ai notes that institutional ownership disclosures like this Schedule 13G are routine for publicly traded companies. FMR LLC, as a major asset manager, frequently holds non-controlling stakes across various sectors. This filing indicates a continued, passive investment in Federal Agricultural Mortgage Corp, aligning with typical institutional portfolio diversification strategies rather than a strategic move to influence the company.

Comparison to Industry Standards

• The 3.7% stake is a non-controlling, passive investment, which is a common practice for large asset managers like FMR LLC. For instance, BlackRock or Vanguard often hold similar or larger passive stakes in thousands of public companies globally, typically for index-tracking or diversified portfolio purposes.
• The filing adheres to standard SEC disclosure requirements for beneficial ownership, consistent with how other institutional investors report their holdings in companies such as JPMorgan Chase & Co. or Microsoft Corp.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment approach.
• Management: No direct impact on management decisions or control, as the shares are nonvoting and the stake is passive.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to file amendments to Schedule 13G if there are material changes to their beneficial ownership of Federal Agricultural Mortgage Corp's Class C Nonvoting Common Stock.

Key Dates

Keywords

Federal Agricultural Mortgage Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class C Nonvoting Common Stock, Institutional Investor, SEC Filing, FARMER MAC