SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 5.3% Passive Stake in Kyndryl Holdings Inc.
Beneficial Ownership Statement
FMR LLC and Abigail P. Johnson have filed a Schedule 13G, reporting a passive beneficial ownership of 5.3% of Kyndryl Holdings Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 12,408,446.75 shares of Kyndryl Holdings Inc. common stock.
- This ownership represents 5.3% of the total outstanding common stock of Kyndryl Holdings Inc.
- FMR LLC holds sole voting power over 11,697,111.00 shares and sole dispositive power over 12,408,446.75 shares.
- Abigail P. Johnson, as a Director, Chairman, and Chief Executive Officer of FMR LLC, is also reported as beneficially owning the same aggregate amount of shares with sole dispositive power.
- The shares were acquired and are held in the ordinary course of business and are not intended for the purpose of changing or influencing the control of Kyndryl Holdings Inc.
Sentiment
Score: 7
Explanation: The disclosure of a significant passive stake by a reputable institutional investor like FMR LLC is generally viewed positively, as it signals confidence in the company's long-term prospects, even if the investment is not intended to influence control.
Positives
- A major institutional investor, FMR LLC, and its key executive, Abigail P. Johnson, have disclosed a significant passive stake of 5.3% in Kyndryl Holdings Inc., which can be interpreted as a signal of confidence in the company's long-term prospects.
Negatives
- The investment is explicitly stated as passive, meaning FMR LLC does not intend to influence or change the control of Kyndryl Holdings Inc., which limits potential activist engagement.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: May view the significant institutional investment as a positive signal, potentially increasing investor confidence in Kyndryl Holdings Inc.
Key Dates
| Date | Description |
|---|---|
| January 3, 2023 | Effective date of Power of Attorney for FMR LLC. |
| January 26, 2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| December 31, 2024 | Date of event which requires the filing of this statement. |
| February 11, 2025 | Date of filing and agreement for joint filing of the Schedule 13G. |
Keywords
Kyndryl Holdings Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investment, passive stake
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