SCHEDULE: FMR LLC & Abigail Johnson Trim Louisiana Pacific Stake to 3.2%
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 3.2% of Louisiana Pacific Corp's common stock as of September 30, 2025, reflecting a change from a previous filing.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, beneficially own an aggregate of 2,242,959.86 shares of Louisiana Pacific Corp's common stock.
- This ownership represents 3.2% of the total outstanding common stock of Louisiana Pacific Corp.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating a change in ownership from a previously reported position.
- FMR LLC holds sole voting power over 2,234,753.00 shares and sole dispositive power over 2,242,959.86 shares.
- Abigail P. Johnson holds sole dispositive power over 2,242,959.86 shares, with no sole or shared voting power directly attributed to her in this filing.
- The securities are certified as being acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership, indicating a passive investment stance. The reduction in stake to 3.2% is a factual change, but without context on the reasons for the change, the overall sentiment remains neutral.
Positives
- The continued ownership by a significant institutional investor like FMR LLC, even at a reduced stake, can be interpreted as ongoing confidence in Louisiana Pacific Corp's long-term prospects.
- The filing explicitly states the securities were acquired and are held in the ordinary course of business and not for influencing control, indicating a passive investment stance.
Negatives
- The reduction in beneficial ownership to 3.2% (implied by 'Amendment No. 1' and falling below the 5% threshold for initial filings) suggests a decrease in FMR LLC's and Abigail P. Johnson's stake in Louisiana Pacific Corp.
Risks
- No specific risks related to Louisiana Pacific Corp's operations or financial health are mentioned in this ownership filing.
- A decrease in institutional ownership could potentially be interpreted negatively by the market, though the specific reasons for the reduction are not disclosed in the filing.
Future Outlook
NA
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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.
Industry Context
This filing reflects a change in passive institutional ownership by FMR LLC and Abigail P. Johnson in Louisiana Pacific Corp, a company operating in the building products industry. Such ownership changes are common among large asset managers and typically reflect portfolio rebalancing or investment strategy adjustments rather than specific industry-wide shifts, unless a broader trend of divestment from the sector is observed across multiple filings.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Director, Chairman and Chief Executive Officer | NA | Abigail P. Johnson | NA | Abigail P. Johnson holds this role at FMR LLC, the parent holding company, as described in the filing for context of her beneficial ownership, not a change at Louisiana Pacific Corp. |
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Clarification | Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC, representing 49% of the voting power. They have a shareholders' voting agreement to vote Series B shares in accordance with the majority vote, potentially forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | NA | Clarifies the internal governance and control structure of FMR LLC, the reporting entity, which indirectly influences the management of the reported shares. |
Stakeholder Impact
- Shareholders: The reduction in institutional ownership by FMR LLC might lead to minor shifts in market perception, but the passive nature of the investment limits direct impact on company strategy or governance.
- Management: No direct impact on Louisiana Pacific Corp's management or operations is indicated by this passive ownership filing.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC, authorizing Stephanie J. Brown to sign on its behalf. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where its Power of Attorney (Exhibit 24) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign on her behalf. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (Exhibit 24) was incorporated by reference. |
| 2025-09-30 | Date of event which requires filing of this statement, representing the beneficial ownership reporting period end date. |
| 2025-11-04 | Signature date of the Schedule 13G Amendment No. 1 by Stephanie J. Brown on behalf of FMR LLC and Abigail P. Johnson. |
Keywords
Louisiana Pacific Corp, LPX, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, institutional ownership, common stock, SEC filing, passive investment
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