SCHEDULE: Burgundy Asset Management Discloses 3.17% Stake

Burgundy Asset Management Ltd. has disclosed a 3.17% passive ownership stake in National Vision Holdings, Inc. as of June 30, 2025.

Summary

• Burgundy Asset Management Ltd. reported beneficial ownership of 2,505,978 common shares of National Vision Holdings, Inc.
• This ownership represents 3.17% of the class of common securities.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• Burgundy Asset Management Ltd. has sole voting power over 1,833,858 shares and sole dispositive power over 2,505,978 shares.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of passive ownership, indicating a neutral sentiment as it provides no new operational or financial information about the company itself.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of passive institutional ownership, indicating an investment firm's stake in a publicly traded company. It does not provide insights into broader industry trends or competitive dynamics beyond the fact that an investment firm sees value in the optical retail sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence investor perception of institutional confidence.

Key Dates

Recommendation

This Schedule 13G filing is a passive ownership disclosure and does not contain operational, financial, or strategic information that would warrant a change in investment recommendation. It merely confirms an existing institutional stake, which is generally a neutral event for stock price unless the stake is unusually large or signals activist intent (which is not the case here).

Keywords

National Vision Holdings, Burgundy Asset Management, Schedule 13G, passive investment, equity stake, institutional ownership, common stock