SCHEDULE 13G: Fund 1 Investments Discloses 5.66% Passive Stake in National Vision Holdings

Fund 1 Investments, LLC has reported a passive beneficial ownership of 5.66% in National Vision Holdings, Inc., totaling 4,458,827 common shares.

Summary

• Fund 1 Investments, LLC has filed a Schedule 13G, indicating beneficial ownership of common stock in National Vision Holdings, Inc.
• The filing reports ownership of 4,458,827 shares, representing 5.66% of the issuer's common stock.
• Fund 1 Investments, LLC holds shared voting power and shared dispositive power over all 4,458,827 shares.
• The ownership is for the benefit of private investment vehicles for which Pleasant Lake Partners LLC serves as investment adviser, with Fund 1 Investments, LLC serving as managing member of Pleasant Lake Partners LLC.
• The percentage is calculated based on 78,783,482 shares of Class A Common Stock outstanding as of February 14, 2025, as reported in National Vision Holdings' Annual Report on Form 10-K for the fiscal year ended December 28, 2024, filed on February 26, 2025.
• 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 the issuer.

Sentiment

Score: 5

Explanation: A Schedule 13G filing is a routine regulatory disclosure of a passive ownership stake, which is generally neutral in sentiment. It indicates institutional interest but does not convey positive or negative operational or financial news about the issuer.

Positives

• The disclosure of a significant passive stake by an institutional investor like Fund 1 Investments, LLC may signal confidence in National Vision Holdings, Inc.'s long-term prospects.

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 indicates continued institutional investor interest in companies within the vision care and retail sector, as a significant passive stake has been taken in National Vision Holdings, Inc.

Stakeholder Impact

• Shareholders: The disclosure of a new significant institutional investor may be viewed positively, potentially signaling increased confidence in the company's stock.

Key Dates

Keywords

National Vision Holdings, Fund 1 Investments, Schedule 13G, beneficial ownership, common stock, passive investment, institutional investor, SEC filing