SCHEDULE: FMR LLC Discloses 15% Stake in Grocery Outlet Holding Corp.

FMR LLC and affiliates, including Abigail P. Johnson, disclosed a 15.0% beneficial ownership in Grocery Outlet Holding Corp. as of December 31, 2025.

Summary

• FMR LLC and its affiliates, including Abigail P. Johnson, beneficially own 14,719,399 shares of Grocery Outlet Holding Corp. common stock.
• This ownership represents 15.0% of the total outstanding common stock of Grocery Outlet Holding Corp.
• FMR LLC holds sole voting power over 14,719,197 shares and sole dispositive power over 14,719,399 shares.
• Abigail P. Johnson, through her position as a Director, Chairman, and CEO of FMR LLC, is deemed to beneficially own the same 14,719,399 shares with sole dispositive power.
• This filing is an Amendment No. 3 to a Schedule 13G, indicating an update to previously reported ownership.
• FMR LLC is classified as a parent holding company, with subsidiaries such as Fidelity Management & Research Company LLC (which beneficially owns 5% or greater), FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management Trust Company, and Strategic Advisers LLC.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a large, established institutional investor maintaining a significant stake suggests confidence in Grocery Outlet Holding Corp.'s long-term value proposition, though it's a routine disclosure rather than a new investment.

Positives

• A major institutional investor, FMR LLC (Fidelity), maintains a significant 15.0% stake in Grocery Outlet Holding Corp., indicating continued confidence in the company's long-term prospects.
• The substantial holding by a reputable asset manager like FMR LLC can be viewed as a positive signal to other investors regarding the company's stability and investment appeal.

Risks

• The filing does not detail specific risks related to Grocery Outlet Holding Corp.'s business operations or financial performance.
• The concentration of significant voting power within the Johnson family at FMR LLC, as disclosed, is a governance consideration for FMR LLC's own stakeholders, rather than a direct risk to Grocery Outlet Holding Corp. as presented in this filing.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Grocery Outlet Holding Corp.'s future performance or strategic direction, as it is a disclosure of beneficial ownership by an institutional investor.

Industry Context

StockSavvy.ai notes that a significant 15.0% stake held by a major asset manager like FMR LLC (Fidelity) in a discount grocery retailer like Grocery Outlet Holding Corp. suggests a long-term investment thesis in the value-oriented retail sector. This aligns with broader industry trends where consumers are increasingly seeking cost-effective options, potentially benefiting companies like Grocery Outlet. Such a substantial institutional holding can also signal stability and confidence in the company's business model within the competitive grocery market.

Comparison to Industry Standards

• StockSavvy.ai observes that a 15.0% ownership stake by a single institutional investor or affiliated group is a substantial position, often indicating a high conviction investment.
• For comparison, similar large institutional holdings are seen in other retail companies, where major asset managers like BlackRock or Vanguard often hold significant passive stakes.
• FMR LLC's active management style, as indicated by its subsidiaries, suggests a more deliberate investment strategy beyond passive indexing.
• A 15% stake is well above the typical 5% threshold that triggers Schedule 13G filings, placing FMR LLC among the largest shareholders of Grocery Outlet Holding Corp.

Stakeholder Impact

• Shareholders: The continued significant ownership by a major institutional investor like FMR LLC may instill confidence and potentially stabilize the stock price.
• Company Management: A large institutional holder can exert influence through voting power, potentially impacting strategic decisions.

Key Dates

Recommendation

The filing indicates a significant, stable institutional ownership by FMR LLC, which is generally a positive indicator of long-term confidence. However, a Schedule 13G filing primarily discloses ownership and does not provide new operational or financial performance data for Grocery Outlet Holding Corp. Without additional fundamental analysis or new company-specific news, this filing alone suggests maintaining an existing position rather than initiating a new 'buy' or 'sell' action, as the information is largely a confirmation of a substantial existing stake.

Keywords

Grocery Outlet Holding Corp, GO, FMR LLC, Fidelity, Abigail P. Johnson, Schedule 13G, beneficial ownership, institutional investor, common stock, equity stake, retail, grocery