SCHEDULE: FMR LLC & Abigail Johnson Disclose Lululemon Stake
Beneficial Ownership Report (Amendment)
FMR LLC and Abigail P. Johnson have reported a 3.6% beneficial ownership stake in Lululemon Athletica Inc. common stock as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 24 to Schedule 13G regarding their beneficial ownership in LULULEMON ATHLETICA INC.
- As of September 30, 2025, FMR LLC and Abigail P. Johnson beneficially own an aggregate of 4,066,058.41 shares of Lululemon Athletica Inc. common stock.
- This aggregate amount represents 3.6% of the total outstanding common stock of Lululemon Athletica Inc.
- FMR LLC holds sole voting power over 3,215,403.52 shares and sole dispositive power over 4,066,058.41 shares.
- Abigail P. Johnson holds sole dispositive power over 4,066,058.41 shares, with no sole or shared voting power directly attributed to her in this filing.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is classified as an individual reporting person.
- Abigail P. Johnson is the Director, Chairman, and Chief Executive Officer of FMR LLC, and the Johnson family, including Abigail P. Johnson, are predominant owners of FMR LLC's Series B voting common shares, representing 49% of the voting power.
Sentiment
Score: 5
Explanation: The filing is a standard beneficial ownership disclosure (Schedule 13G) and does not contain information that would typically indicate positive or negative sentiment regarding the issuer's operational or financial performance. It is a neutral, factual report of ownership.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Lululemon Athletica Inc.'s future performance.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, 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 routine disclosure by a significant institutional investor, FMR LLC (Fidelity Management & Research), and its principal, Abigail P. Johnson, regarding their passive ownership stake in Lululemon Athletica Inc. Such disclosures are common for large asset managers and typically do not indicate a shift in broader industry trends or competitive landscape, but rather reflect portfolio positioning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Disclosure of the Johnson family's predominant ownership (49% voting power) of FMR LLC's Series B voting common shares and a shareholders' voting agreement, which may deem them a controlling group for FMR LLC. | NA | This clarifies the internal governance and control structure of FMR LLC, the reporting entity, rather than Lululemon Athletica Inc. It indicates a stable, controlled ownership structure for the investment firm. |
Related Party Transactions
- Abigail P. Johnson is the Director, Chairman, and Chief Executive Officer of FMR LLC, and the Johnson family, including Abigail P. Johnson, are the predominant owners of FMR LLC. This establishes a related party relationship between the two reporting persons and the entity through which the shares are managed.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's passive stake, confirming FMR LLC and Abigail P. Johnson's continued investment in Lululemon Athletica Inc. without intent to influence control.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its subsidiaries, authorizing Stephanie J. Brown to sign. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign. |
| 2025-09-30 | Date of event requiring the filing of this statement (beneficial ownership snapshot). |
| 2025-10-06 | Date of filing of this Schedule 13G Amendment No. 24. |
Keywords
Lululemon Athletica Inc., LULU, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Investment Management
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