SCHEDULE: FMR LLC Discloses 11.2% Stake in Legence Corp

FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 11.2% of Legence Corp's Class A Common Stock as of September 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson reported beneficial ownership of 6,545,917 shares of Legence Corp's Class A Common Stock.
• This ownership represents 11.2% of the total outstanding Class A Common Stock of Legence Corp.
• The shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of Legence Corp.
• FMR LLC holds sole voting and dispositive power over all 6,545,917 shares.
• Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is also deemed to beneficially own these shares.
• Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities beneficially owning shares, with Fidelity Management & Research Company LLC owning 5% or greater.

Sentiment

Score: 7

Explanation: A significant stake by a major institutional investor like FMR LLC is generally viewed positively as it signals confidence, though the filing itself is a routine disclosure of ownership.

Positives

• A major institutional investor, FMR LLC, holds a significant 11.2% stake in Legence Corp, potentially signaling confidence in the company's long-term prospects.

Future Outlook

No forward-looking statements or guidance regarding Legence Corp's operations or financial performance are provided in this beneficial ownership report.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

FMR LLC, a prominent asset management firm, disclosing a substantial stake in Legence Corp is a routine regulatory disclosure for institutional investors exceeding the 5% ownership threshold. This type of filing typically reflects a long-term investment strategy rather than an activist intent, aligning with FMR's role as a large passive investor in the market.

Stakeholder Impact

• Shareholders: Increased institutional ownership may be seen as a positive signal, potentially increasing investor confidence and liquidity.
• Management: Awareness of a significant institutional holder may influence strategic decisions, though FMR LLC states no intent to influence control.

Next Steps

• FMR LLC will file an amendment to this Schedule 13G if there is a material change in their beneficial ownership (e.g., an increase or decrease of 1% or more).

Key Dates

Recommendation

The filing indicates a significant 11.2% beneficial ownership by FMR LLC, a major institutional investor. While this is a passive investment and not intended to influence control, the substantial stake from a reputable firm can be interpreted as a vote of confidence in Legence Corp, suggesting stability and potential long-term value. This information supports a 'hold' recommendation for existing investors, as it doesn't present new negative catalysts but rather reinforces institutional interest.

Keywords

Legence Corp, FMR LLC, Abigail P. Johnson, Class A Common Stock, beneficial ownership, institutional investor, SEC filing, Schedule 13G