SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 6.8% Stake in Magnite Inc.
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have jointly disclosed a 6.8% beneficial ownership stake in Magnite Inc.'s common stock as of March 31, 2025, held in the ordinary course of business.
Summary
- FMR LLC and Abigail P. Johnson have jointly filed a Schedule 13G, reporting their beneficial ownership in Magnite Inc. (Issuer CUSIP: 55955D100).
- As of March 31, 2025, the reporting persons collectively beneficially own 9,722,550.67 shares of Magnite Inc. Common Stock.
- This ownership represents 6.8% of the total outstanding class of Magnite Inc. Common Stock.
- FMR LLC holds sole voting power over 9,716,161.30 shares.
- Both FMR LLC and Abigail P. Johnson hold sole dispositive power over 9,722,550.67 shares.
- 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 Magnite Inc.
- Abigail P. Johnson is identified as a Director, Chairman, and Chief Executive Officer of FMR LLC, and is part of the Johnson family group, which are predominant owners of FMR LLC's voting common shares.
Sentiment
Score: 5
Explanation: The document is a standard beneficial ownership disclosure (Schedule 13G) and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook. It merely reports a significant stake held by an institutional investor.
Future Outlook
The document is a beneficial ownership disclosure and does not contain any forward-looking statements or guidance regarding Magnite Inc.'s future performance or outlook.
Industry Context
This filing indicates a significant institutional investment by FMR LLC and its affiliates in Magnite Inc., a company operating in the digital advertising technology sector. While the document itself does not provide broader industry trends, the substantial stake by a major asset manager like FMR LLC can be interpreted by the market as a signal of confidence in the company or the sector.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by FMR LLC may be viewed positively by existing shareholders, potentially signaling institutional confidence in Magnite Inc. and its future prospects.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC (accession number: -23-000003) referenced for Power of Attorney. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC (accession number: -23-000038) referenced for Power of Attorney. |
| 03/31/2025 | Date of event which requires the filing of this statement. |
| 05/09/2025 | Date of filing of this Schedule 13G. |
Keywords
Magnite Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional investor, SEC filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.