SCHEDULE 13G/A: FPR Partners and Senior Members Disclose Updated Stake in Grocery Outlet Holding Corp.

FPR Partners LLC, along with Senior Managing Members Andrew Raab and Bobby Ray JR Peck, have filed an amended Schedule 13G disclosing their beneficial ownership in Grocery Outlet Holding Corp. as of May 31, 2025.

Summary

• FPR Partners LLC, an investment adviser, reported beneficial ownership of 1,455,914 shares of Grocery Outlet Holding Corp. Common Stock, representing 1.5% of the class.
• Andrew Raab, a Senior Managing Member of FPR Partners, reported beneficial ownership of 1,544,440 shares, representing 1.6% of the class, which includes 88,526 shares with sole voting and dispositive power and 1,455,914 shares with shared voting and dispositive power through FPR Partners.
• Bobby Ray JR Peck, also a Senior Managing Member of FPR Partners, reported beneficial ownership of 1,492,414 shares, representing 1.5% of the class, comprising 36,500 shares with sole voting and dispositive power and 1,455,914 shares with shared voting and dispositive power through FPR Partners.
• The reported share counts are as of May 31, 2025, and the percentages are calculated based on shares outstanding as of May 1, 2025, as reported by Grocery Outlet Holding Corp. in its Form 10-Q for the quarterly period ending March 29, 2025.
• The Reporting Persons (FPR Partners LLC, Andrew Raab, and Bobby Ray JR Peck) are filing this statement jointly but explicitly disclaim membership in a 'group' for the purposes of Sections 13(d) or 13(g) of the Securities Exchange Act of 1934.
• 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 factual disclosure of beneficial ownership, providing neutral information without indicating positive or negative operational or financial performance.

Positives

• The filing indicates a continued, albeit non-controlling, investment by an institutional investor (FPR Partners LLC) and its senior members in Grocery Outlet Holding Corp., which can be viewed as a vote of confidence in the company.

Negatives

• The Schedule 13G filing itself does not contain any negative information regarding Grocery Outlet Holding Corp.'s operational performance or financial health.

Risks

• The document does not detail specific operational, financial, or strategic risks related to Grocery Outlet Holding Corp.'s business. It is solely a disclosure of beneficial ownership.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Grocery Outlet Holding Corp.'s future performance or strategic outlook.

Management Comments

• The Reporting Persons certify that, to the best of their knowledge and belief, the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer, nor 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 Rule 14a-11.

Industry Context

This filing is a routine disclosure of institutional ownership and does not provide specific insights into broader industry trends or competitive dynamics within the grocery retail sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional holdings and changes in beneficial ownership, which can inform investment decisions.
• Investment Professionals: Offers data points for tracking institutional investor activity and ownership concentration in Grocery Outlet Holding Corp.

Key Dates

Keywords

Grocery Outlet Holding Corp., FPR Partners LLC, Schedule 13G, Beneficial Ownership, SEC Filing, Investment Adviser, Common Stock, Andrew Raab, Bobby Ray JR Peck