SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.7% Stake in Kyndryl Holdings Inc

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, revealing a beneficial ownership of 10.7% of Kyndryl Holdings Inc.'s common stock as of March 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson reported beneficial ownership of 24,929,089.84 shares of Kyndryl Holdings Inc. common stock.
• This aggregate amount represents 10.7% of Kyndryl Holdings Inc.'s outstanding common stock.
• The filing is an Amendment No. 1 to a previously filed Schedule 13G, indicating an update to their beneficial ownership.
• FMR LLC holds sole voting power over 24,454,343.00 shares and sole dispositive power over all 24,929,089.84 beneficially owned shares.
• Abigail P. Johnson, as an individual, holds no sole or shared voting power, but shares sole dispositive power over the 24,929,089.84 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Kyndryl Holdings Inc.
• Several FMR LLC subsidiaries, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.

Sentiment

Score: 7

Explanation: The filing indicates a significant and stable institutional ownership stake by a major investment firm, which is generally viewed as a positive sign of confidence in the issuer.

Positives

• The continued significant beneficial ownership by FMR LLC, a major institutional investor, indicates ongoing confidence in Kyndryl Holdings Inc.'s long-term prospects.
• A substantial holding of 10.7% of the common stock by a prominent investment firm like FMR LLC provides a degree of stability to the company's shareholder base.

Negatives

• The Schedule 13G filing itself does not contain any negative information regarding Kyndryl Holdings Inc.'s financial performance or operational outlook.

Risks

• The document does not disclose specific operational or financial risks related to Kyndryl Holdings Inc. It is a disclosure of beneficial ownership by an institutional investor.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding Kyndryl Holdings Inc.'s future outlook.

Industry Context

This filing reflects a significant institutional holding in Kyndryl Holdings Inc., a global IT infrastructure services provider. Large institutional investments are common in established companies within the IT services sector, indicating investor interest in the industry's stability and growth potential.

Stakeholder Impact

• Shareholders may view the continued significant stake by FMR LLC as a positive signal, potentially bolstering investor confidence in Kyndryl Holdings Inc.

Key Dates

Recommendation

Keywords

Kyndryl Holdings Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investor, IT services, SEC filing