SCHEDULE: FMR LLC Discloses 4.4% Stake in Legence Corp

FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, reporting beneficial ownership of 4.4% of Legence Corp's Class A Common Stock as of March 31, 2026.

Summary

• FMR LLC, along with Abigail P. Johnson, has reported beneficial ownership of 2,958,359.29 shares of Legence Corp's Class A Common Stock.
• This holding represents 4.4% of the total outstanding Class A Common Stock.
• The filing is an amendment (Amendment No. 2) to a Schedule 13G, indicating a change in reporting status or holdings.
• The reporting persons are identified as investment advisors (IA) and a bank (BK) through various subsidiaries of FMR LLC.
• Abigail P. Johnson is the Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC's voting shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it primarily reports existing beneficial ownership and does not contain new operational or financial performance data for Legence Corp.

Positives

• FMR LLC and its affiliates have a significant investment in Legence Corp, indicating confidence in the company's prospects.
• The filing is made under Rule 13d-1(b), suggesting the ownership is held in the ordinary course of business and not for the purpose of influencing control.

Risks

• While not explicitly stated as a risk, any significant change in FMR LLC's investment strategy or market conditions could lead to a sale of shares, potentially impacting Legence Corp's stock price.
• The filing mentions that one or more other persons have the right to receive or the power to direct dividends or proceeds from the sale of Legence Corp's Class A Common Stock, though no single entity holds more than 5%.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from Legence Corp. It primarily reports on the beneficial ownership of securities by FMR LLC and Abigail P. Johnson.

Management Comments

• Abigail P. Johnson is the Director, the Chairman and the Chief Executive Officer of FMR LLC.
• Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC.
• The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares.
• Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC.

Industry Context

StockSavvy.ai notes that large institutional investors like FMR LLC filing Schedule 13G reports often signal a stable, long-term investment approach rather than an activist stake, which is typically associated with Schedule 13D filings. This suggests FMR LLC views Legence Corp as a standard portfolio holding.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional holding, which can be viewed positively as a sign of investor confidence, but it does not directly impact current operations or immediate share price without further context.
• Management of Legence Corp: The presence of a large, passive investor like FMR LLC may provide a stable shareholder base, potentially reducing pressure for short-term performance.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their beneficial ownership of Legence Corp's Class A Common Stock.
• Future amendments to this Schedule 13G will be filed if there are material changes in beneficial ownership.

Key Dates

Keywords

Legence Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Class A Common Stock, Beneficial Ownership, Investment Advisor, SEC Filing, Securities Exchange Act