SCHEDULE: Vanguard Group Amends Fox Factory Holding Stake to 9.16%

The Vanguard Group has filed an amendment to its Schedule 13G, disclosing a 9.16% beneficial ownership stake in Fox Factory Holding Corp. as of December 31, 2025.

Summary

• The Vanguard Group reported beneficial ownership of 3,829,747 shares of Fox Factory Holding Corp. Common Stock.
• This represents 9.16% of the class of securities.
• Vanguard holds shared voting power over 385,420 shares and shared dispositive power over 3,829,747 shares.
• The filing is an Amendment No. 11 to the Schedule 13G.
• An internal realignment at The Vanguard Group, Inc. occurred on January 12, 2026, where it ceased performing portfolio management services or administering proxy voting.
• Following the realignment, certain Vanguard subsidiaries or business divisions are expected to report beneficial ownership separately (on a disaggregated basis).

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It is a standard regulatory disclosure of beneficial ownership by a passive institutional investor and does not contain information directly impacting the company's operational performance or strategic direction.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

The filing indicates that following an internal realignment on January 12, 2026, certain subsidiaries or business divisions of The Vanguard Group, Inc. are anticipated to report beneficial ownership separately from The Vanguard Group, Inc. in reliance on SEC Release No. 34-39538.

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 this filing reflects a routine disclosure of a significant passive institutional ownership stake by The Vanguard Group, a major asset manager. Such filings are common for large index fund providers and typically do not signal a change in investment strategy or an activist position, but rather reflect the inclusion of Fox Factory Holding Corp. in various Vanguard funds.

Comparison to Industry Standards

• NA

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming The Vanguard Group's continued passive investment in Fox Factory Holding Corp.

Next Steps

• Certain subsidiaries or business divisions of The Vanguard Group, Inc. are expected to report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in the future.

Key Dates

Keywords

Fox Factory Holding Corp, Vanguard Group, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Investment Adviser, SEC Filing