SCHEDULE 13G/A: Kayne Anderson Rudnick and Virtus Investment Advisers Disclose Passive Stakes in Fox Factory Holding Corp.
Beneficial Ownership Report
Kayne Anderson Rudnick Investment Management, LLC and Virtus Investment Advisers, LLC have filed an amended Schedule 13G, disclosing their beneficial ownership in Fox Factory Holding Corp. as of December 31, 2024.
Summary
- Kayne Anderson Rudnick Investment Management, LLC reported beneficial ownership of 1,801,091 shares of Fox Factory Holding Corp. common stock, representing 4.32% of the class.
- Virtus Investment Advisers, LLC reported beneficial ownership of 1,310,267 shares of Fox Factory Holding Corp. common stock, representing 3.14% of the class.
- The shares reported by Virtus Investment Advisers, LLC are also included in the amounts reported by Kayne Anderson Rudnick Investment Management, LLC, indicating a shared or affiliated holding structure.
- Kayne Anderson Rudnick holds sole voting power over 465,062 shares and shared voting power over 1,310,267 shares.
- Kayne Anderson Rudnick holds sole dispositive power over 490,824 shares and shared dispositive power over 1,310,267 shares.
- Virtus Investment Advisers holds shared voting power and shared dispositive power over 1,310,267 shares, with no sole voting or dispositive power.
- Both entities certified 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 routine regulatory filing disclosing passive beneficial ownership. It contains factual information about shareholdings and does not convey positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- The disclosure of institutional ownership by reputable investment firms like Kayne Anderson Rudnick and Virtus Investment Advisers can be viewed as a vote of confidence in Fox Factory Holding Corp.'s long-term prospects by these investors.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from the issuer or the reporting persons regarding the issuer's future performance.
Industry Context
This Schedule 13G filing is a routine disclosure by institutional investment managers, providing transparency into their passive equity holdings. It reflects standard portfolio management activities within the investment industry, rather than a specific strategic move related to Fox Factory Holding Corp.'s operational industry.
Related Party Transactions
- Kayne Anderson Rudnick Investment Management, LLC and Virtus Investment Advisers, LLC have entered into a joint filing agreement for this Schedule 13G, indicating a coordinated disclosure effort for their respective holdings in Fox Factory Holding Corp.
Stakeholder Impact
- Shareholders of Fox Factory Holding Corp. gain transparency regarding the significant passive stakes held by institutional investors, which can influence market perception and liquidity.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event requiring the filing of this statement (beneficial ownership calculation date). |
| 02/13/2025 | Date of filing of the Schedule 13G Amendment No. 11. |
Keywords
Fox Factory Holding Corp., Kayne Anderson Rudnick Investment Management, Virtus Investment Advisers, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Management
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