SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 7.2% Stake in Levi Strauss & Co. Class A Common Stock

FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a continued beneficial ownership of 7.2% of Levi Strauss & Co.'s Class A Common Stock as of December 31, 2024.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 7,578,111.48 shares of Levi Strauss & Co.'s Class A Common Stock.
• This ownership represents 7.2% of the total outstanding Class A Common Stock.
• The filing is an Amendment No. 3 to a Schedule 13G, indicating a passive investment by FMR LLC and its control person, Abigail P. Johnson.
• FMR LLC holds sole voting power over 7,575,149.00 shares and sole dispositive power over 7,578,111.48 shares.
• Abigail P. Johnson, as a Director, Chairman, and Chief Executive Officer of FMR LLC and a predominant owner of its Series B voting common shares, is also reported as beneficially owning the same aggregate amount of shares with sole dispositive power.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Levi Strauss & Co.

Sentiment

Score: 7

Explanation: The filing indicates a significant, stable, and passive institutional investment in Levi Strauss & Co., which is generally a positive signal of confidence from a major asset manager. There are no negative implications within the document itself.

Positives

• A major institutional investor, FMR LLC (Fidelity), and its principal, Abigail P. Johnson, maintain a significant 7.2% stake in Levi Strauss & Co., indicating continued confidence in the company.
• The filing explicitly states that the shares are held in the ordinary course of business and not for control purposes, suggesting a stable, passive investment by a long-term holder.

Future Outlook

This Schedule 13G filing is an ownership disclosure and does not contain forward-looking statements or guidance regarding Levi Strauss & Co.'s future performance or FMR LLC's investment strategy beyond the passive nature of the holding.

Management Comments

• The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing reflects a significant passive investment by a major asset manager, FMR LLC (Fidelity), in a leading global apparel company, Levi Strauss & Co. Such institutional holdings are common and indicate market confidence in established brands within the consumer discretionary sector. It does not provide specific industry trends but highlights continued institutional interest in well-known consumer brands.

Comparison to Industry Standards

• This document is a regulatory ownership disclosure and does not contain financial or operational results that can be compared to industry standards or specific comparable companies/projects. It solely reports the beneficial ownership stake of an institutional investor.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially reinforcing confidence in the stock due to a major investor's continued stake.

Next Steps

• This filing is a routine regulatory update. No specific future actions or milestones for Levi Strauss & Co. are mentioned. FMR LLC will continue to report its beneficial ownership as required by SEC regulations.

Key Dates

Keywords

Levi Strauss & Co., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Institutional Investor, Passive Investment, SEC Filing