SCHEDULE: RWWM Group Discloses 10.63% Stake in Fox Factory Holding

RWWM, Inc. and affiliated individuals have reported a beneficial ownership of 10.63% in Fox Factory Holding Corp. common stock.

Summary

• RWWM, Inc., along with its 401k Profit Sharing Plan, Scott P. Roseman, and Aaron J. Wagner, collectively reported beneficial ownership of 4,441,572 shares of Fox Factory Holding Corp. common stock.
• This aggregate ownership represents 10.63% of the class of securities.
• RWWM, Inc. is identified as an investment adviser, holding these securities on behalf of its clients.
• No single client of RWWM, Inc. is known to have beneficial ownership of more than five percent of the class of securities.
• The reporting persons 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 Fox Factory Holding Corp.

Sentiment

Score: 7

Explanation: The disclosure of a substantial 10.63% beneficial ownership by an investment adviser and its affiliates, held in the ordinary course of business and not for control purposes, generally indicates a positive long-term investment view by the reporting entity.

Positives

• A significant institutional and individual stake of 10.63% by RWWM, Inc. and its affiliates could signal confidence in Fox Factory Holding Corp.'s long-term prospects.
• The filing indicates the shares are held in the ordinary course of business, suggesting a passive investment intent rather than an activist one, which can provide stability.

Risks

• The filing itself does not detail operational or financial risks related to Fox Factory Holding Corp.'s business.
• Potential future changes in the beneficial ownership by RWWM, Inc. or its clients could impact market perception, though this filing does not indicate such changes.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may instill confidence among other shareholders, suggesting a professional assessment of the company's value.
• Management: Management may view this as a vote of confidence from a significant investor, potentially influencing strategic decisions or investor relations.

Key Dates

Keywords

Fox Factory Holding Corp, FOXF, RWWM Inc, Schedule 13G, Beneficial Ownership, Institutional Investor, Investment Adviser, Common Stock, SEC Filing, Equity Stake