SCHEDULE: FMR LLC Reports 2.9% Stake in Ferguson Enterprises

FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 2.9% of Ferguson Enterprises Inc.'s common stock as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson, its Chairman and CEO, jointly reported beneficial ownership of 5,681,731.66 shares of Ferguson Enterprises Inc. common stock.
• This stake represents 2.9% of the total outstanding common stock of Ferguson Enterprises Inc.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a passive investment.
• FMR LLC holds sole voting power over 4,491,824.93 shares and sole dispositive power over 5,681,731.66 shares.
• Abigail P. Johnson holds sole dispositive power over 5,681,731.66 shares.
• The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The filing is neutral to slightly positive. It is a routine disclosure of a passive investment by a major institutional investor, which can be seen as a vote of confidence, but it does not contain any new operational or financial news about the company itself.

Positives

• The disclosure of a significant institutional investor, FMR LLC (Fidelity), holding a stake can be viewed as a vote of confidence in Ferguson Enterprises Inc.
• The investment is explicitly stated as passive, suggesting no immediate intent to disrupt the company's operations or strategic direction.

Future Outlook

This beneficial ownership report does not contain forward-looking statements or guidance regarding Ferguson Enterprises Inc.'s future performance or strategic outlook.

Management Comments

• 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.

Industry Context

This Schedule 13G filing reflects a routine disclosure of a passive investment by a major institutional asset manager, FMR LLC (Fidelity), in Ferguson Enterprises Inc. It is common for large investment firms to hold minority stakes in publicly traded companies as part of their diversified portfolios, aligning with standard investment practices in the financial industry.

Comparison to Industry Standards

• This filing is a standard Schedule 13G, indicating a passive beneficial ownership below the 5% threshold that would typically trigger a more detailed Schedule 13D filing, which implies an intent to influence or control the issuer.
• The 2.9% stake is a typical size for a passive institutional investment in a large-cap company like Ferguson Enterprises, which operates in the plumbing and HVAC distribution sector.
• No specific comparable companies, projects, or results are mentioned in this ownership disclosure.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's passive stake.
• Employees, Customers, Suppliers, Creditors: No direct impact from this beneficial ownership filing.

Next Steps

• No specific future actions or milestones for Ferguson Enterprises Inc. are mentioned in this beneficial ownership report. FMR LLC will continue to file amendments to this Schedule 13G if their beneficial ownership changes significantly.

Key Dates

Recommendation

This filing is a routine beneficial ownership disclosure by a passive institutional investor and does not contain new information regarding Ferguson Enterprises Inc.'s operational performance, financial health, or strategic direction. Therefore, it provides no basis for a change in investment recommendation. Investors should hold their positions and await further company-specific news or financial reports.

Keywords

Ferguson Enterprises, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Common Stock, SEC Filing, Schedule 13G, Institutional Investor, Passive Investment