SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Update Passive Stake in Marqeta Inc.
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, disclosing their passive beneficial ownership of 0.0% of Marqeta Inc.'s Class A Common Stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership of Marqeta Inc. Class A Common Stock.
- The filing date for this amendment is February 11, 2025, and the event date requiring the filing was December 31, 2024.
- FMR LLC and Abigail P. Johnson collectively beneficially own 225,183.74 shares of Marqeta Inc. Class A Common Stock.
- This aggregate ownership represents 0.0% of the total outstanding Class A Common Stock of Marqeta Inc.
- FMR LLC holds sole voting power over 220,898.00 shares and sole dispositive power over 225,183.74 shares.
- Abigail P. Johnson has sole dispositive power over 225,183.74 shares, but no sole or shared voting power.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Marqeta Inc.
- FMR LLC is identified as a parent holding company or control person, with its subsidiaries (Fidelity Diversifying Solutions LLC, Fidelity Management & Research Company LLC, Strategic Advisers LLC) classified as investment advisers.
- Abigail P. Johnson is noted as a Director, Chairman, and Chief Executive Officer of FMR LLC, with the Johnson family being predominant owners of FMR LLC's Series B voting common shares.
Sentiment
Score: 5
Explanation: This is a neutral, factual disclosure of passive ownership. It provides no positive or negative information about Marqeta Inc.'s performance or prospects, nor does it indicate any significant change in FMR LLC's investment strategy regarding Marqeta.
Positives
- The filing explicitly states that the ownership is passive and not intended to influence control of Marqeta Inc., which can provide stability regarding major shareholder intentions.
Negatives
- The reported ownership percentage of 0.0% is very small, indicating a minimal stake by FMR LLC and Abigail P. Johnson in Marqeta Inc.
Future Outlook
This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Marqeta Inc.'s future performance or FMR LLC's future investment intentions beyond the passive nature of the current holding.
Management Comments
- The certification states 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.
Industry Context
This filing is a routine disclosure by a large institutional investor (FMR LLC, a major asset manager) regarding its passive stake in a publicly traded company (Marqeta Inc., a fintech company specializing in modern card issuing and payment processing). Such filings are common for institutional investors managing diverse portfolios and typically do not indicate a strategic shift or significant industry trend, especially when the ownership percentage is minimal.
Comparison to Industry Standards
- This filing is a standard Schedule 13G, indicating passive ownership below the 5% threshold, which is typical for large institutional investors like FMR LLC that hold diversified portfolios.
- There are no specific comparable companies, projects, or financial results mentioned in this ownership disclosure to assess Marqeta's performance against global benchmarks. The document focuses solely on the ownership stake of FMR LLC and Abigail P. Johnson in Marqeta Inc.
Stakeholder Impact
- Shareholders: Provides transparency regarding a passive, non-controlling ownership stake by a significant institutional investor.
Next Steps
- No future actions, events, or milestones related to Marqeta Inc. are mentioned in this ownership disclosure. FMR LLC and Abigail P. Johnson will continue to file amendments if their beneficial ownership changes significantly (e.g., crosses a 1% threshold or exceeds 5%).
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number -23-000038) was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Date of joint filing agreement and signature date for the Schedule 13G Amendment No. 1. |
Keywords
Marqeta Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Investment Management, Passive Investment
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