SCHEDULE: FIL Limited and Affiliates Report 9.9% Stake in Noah Holdings

FIL Limited and its affiliates have reported a 9.9% beneficial ownership of Noah Holdings Ltd. common stock as of March 31, 2026.

Summary

• FIL Limited, along with its subsidiaries and affiliates (collectively, the 'FIL Reporters'), has filed a Schedule 13G, indicating beneficial ownership of Noah Holdings Ltd. common stock.
• The filing, dated March 31, 2026, shows an aggregate of 33,476,330 shares beneficially owned.
• This ownership represents 9.9% of the class of securities.
• FIL Limited has sole dispositive power over these shares.
• Pandanus Partners, L.P. and Pandanus Associates, Inc. are also listed as reporting persons, with Pandanus Partners, L.P. owning shares of FIL Limited voting stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports existing beneficial ownership rather than new financial performance or strategic changes.

Positives

• FIL Limited and its affiliates have a significant stake (9.9%) in Noah Holdings Ltd., suggesting confidence in the company's prospects.
• The reporting entities have sole dispositive power over the shares, indicating direct control over their investment decisions.

Risks

• The filing notes that Pandanus Partners, L.P. owns shares of FIL Limited voting stock, and while disclaimed, trusts for the benefit of members of the Johnson family, including Abigail P. Johnson, are involved. This could introduce complex governance or control dynamics.
• The filing does not reflect securities beneficially owned by certain other companies whose ownership is disaggregated, meaning the total beneficial ownership by entities related to FIL might be higher than reported.

Future Outlook

No specific forward-looking statements or guidance are provided in this Schedule 13G filing, as it pertains to reporting beneficial ownership.

Management Comments

• FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. have jointly filed this Schedule 13G, agreeing to the joint filing.
• Richard Bourgelas is authorized under Power of Attorney to sign on behalf of the reporting entities.

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by FIL Limited and its affiliates indicates a significant institutional holding in Noah Holdings Ltd. Such filings are common for large investment firms and signal substantial investment positions, often influencing market perception and trading activity.

Related Party Transactions

• Pandanus Partners, L.P. owns shares of FIL Limited voting stock. Pandanus Associates, Inc. acts as the general partner of Pandanus Partners, L.P.
• Pandanus Partners, L.P. is owned by trusts for the benefit of members of the Johnson family, including FIL's Chairman Abigail P. Johnson, though beneficial ownership is disclaimed by these members.

Stakeholder Impact

• Shareholders of Noah Holdings Ltd.: The filing confirms a significant institutional investor (FIL Limited and affiliates) holding a substantial portion of the company's stock, which can influence stock liquidity and market perception.
• FIL Limited Shareholders: The investment in Noah Holdings Ltd. represents a portion of FIL's overall investment portfolio.

Next Steps

• FIL Limited and its affiliates will continue to hold their beneficial ownership of Noah Holdings Ltd. common stock.
• Future amendments to this Schedule 13G will be filed if there are material changes in beneficial ownership.

Key Dates

Keywords

Noah Holdings Ltd, FIL Limited, Schedule 13G, Beneficial Ownership, Common Stock, Investment Management, Pandanus Partners, Pandanus Associates, SEC Filing