SCHEDULE: First Manhattan Entities Report 5.5% Stake in NN INC
Beneficial Ownership Report
First Manhattan Co. LLC, FMC Group Holdings LP, and First Manhattan Management LLC have collectively reported a 5.5% beneficial ownership stake in NN INC.
Summary
- First Manhattan Co. LLC, FMC Group Holdings LP, and First Manhattan Management LLC (collectively, the "Filers") have filed a Schedule 13G, reporting beneficial ownership of NN INC common stock.
- The Filers collectively beneficially own 2,775,000 shares of NN INC common stock.
- This aggregate amount represents 5.5% of the outstanding class of NN INC common stock.
- First Manhattan Co. LLC is identified as an Investment Adviser (IA), FMC Group Holdings LP as a Parent Holding Company (HC) and PN, and First Manhattan Management LLC as a Parent Holding Company (HC).
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of NN INC, other than activities solely in connection with a nomination under Rule 240.14a-11.
- The event requiring this filing occurred on September 30, 2025.
Sentiment
Score: 5
Explanation: The filing is a factual report of beneficial ownership and does not contain subjective information to assess sentiment beyond neutrality.
Future Outlook
NA
Management Comments
- The securities 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
NA
Stakeholder Impact
- Shareholders: The disclosure of a significant beneficial ownership stake by institutional investors can signal confidence or potential future engagement, depending on the nature of the investor.
Key Dates
| Date | Description |
|---|---|
| 09/30/2025 | Date of event which requires filing of this statement |
| 11/14/2025 | Signature date for First Manhattan Co. LLC |
| 11/14/2025 | Signature date for FMC Group Holdings LP |
| 11/14/2025 | Signature date for First Manhattan Management LLC |
Keywords
NN INC, First Manhattan Co. LLC, FMC Group Holdings LP, First Manhattan Management LLC, Beneficial Ownership, Schedule 13G, Common Stock, Investment Adviser, Passive Investment
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