SCHEDULE: H Partners Boosts Harley-Davidson Stake to 6.6%

H Partners Management and Rehan Jaffer have disclosed a passive beneficial ownership of 6.6% in Harley-Davidson, Inc., holding 8 million shares.

Summary

• H Partners Management, LLC and Rehan Jaffer collectively beneficially own 8,000,000 shares of Harley-Davidson, Inc. common stock.
• This ownership represents approximately 6.6% of the total outstanding shares of Harley-Davidson, Inc.
• The percentage is calculated based on 121,487,659 shares outstanding as of April 29, 2025, as reported in the Issuer's Form 10-Q.
• The filing is an Amendment No. 1 to a Schedule 13G, indicating a passive investment strategy by the reporting persons.

Sentiment

Score: 7

Explanation: The filing indicates a significant passive stake by an institutional investor, which can be viewed positively as a vote of confidence, though it provides no new operational or financial performance data.

Positives

• Significant institutional investment by H Partners Management, LLC and Rehan Jaffer, holding 6.6% of outstanding shares.
• The filing explicitly states a passive investment strategy, suggesting confidence in the company without intent to control or influence management.

Negatives

• No specific negative information related to the issuer's operations or financial health is disclosed in this passive ownership filing.

Risks

• No specific risks related to the issuer's operations or financial health are disclosed in this passive ownership filing, as it pertains solely to beneficial ownership disclosure.

Future Outlook

Not applicable, as this filing is a passive ownership disclosure and does not contain forward-looking statements or guidance from the issuer.

Management Comments

• The Reporting Persons certified that the securities were not acquired and are not held 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 indicates a significant passive investment by H Partners Management and Rehan Jaffer in Harley-Davidson, Inc., reflecting institutional interest in the automotive/motorcycle manufacturing sector. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• Not applicable, as this filing is a passive ownership disclosure and does not contain operational or financial results for comparison to industry standards or competitors.

Stakeholder Impact

• Shareholders may view the significant passive stake by H Partners Management and Rehan Jaffer as a positive signal of institutional confidence in Harley-Davidson, Inc.

Next Steps

• No specific future actions or milestones are mentioned in this passive ownership disclosure for either the issuer or the reporting persons beyond the continued holding of the shares.

Key Dates

Recommendation

This Schedule 13G filing indicates a significant passive ownership stake by H Partners Management and Rehan Jaffer in Harley-Davidson, Inc. While the substantial holding of 6.6% by an institutional investor can be seen as a vote of confidence, the filing itself does not provide new operational or financial performance data that would warrant a change in investment thesis. It primarily serves as a disclosure of a passive investment, suggesting a 'hold' recommendation as it doesn't present new catalysts for significant upside or downside.

Keywords

Harley-Davidson, H Partners Management, Rehan Jaffer, Common Stock, Shareholding, Institutional Investor, SEC Filing, Schedule 13G, Beneficial Ownership