SCHEDULE: FMR LLC Boosts Penguin Solutions Stake to 8.9%

FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 8.9% in Penguin Solutions Inc., holding over 4.68 million shares as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 4,688,413.03 shares of Penguin Solutions Inc.'s #OTHER class of securities.
• This ownership represents 8.9% of the total outstanding shares of that class.
• FMR LLC holds sole voting power over 4,684,569.67 shares and sole dispositive power over 4,688,413.03 shares.
• Abigail P. Johnson holds sole dispositive power over 4,688,413.03 shares.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Penguin Solutions Inc.
• FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual.
• Subsidiaries of FMR LLC, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or more.
• Members of the Johnson family, including Abigail P. Johnson, are predominant owners of FMR LLC's Series B voting common shares (49% voting power) and may be deemed to form a controlling group with respect to FMR LLC.

Sentiment

Score: 7

Explanation: The filing indicates a significant, stable, and passive institutional investment by FMR LLC, a reputable entity. This suggests a vote of confidence in the company from a major investor's perspective, without implying any intent to influence control or indicating negative performance.

Positives

• A significant institutional investor, FMR LLC, maintains a substantial stake, indicating continued confidence in Penguin Solutions Inc.
• The filing explicitly states the shares are held in the ordinary course of business and not for control-influencing purposes, suggesting a passive investment strategy.

Risks

• The Johnson family, through their ownership of FMR LLC's voting shares and a shareholders' voting agreement, may be deemed to form a controlling group with respect to FMR LLC, which could indirectly influence FMR LLC's investment decisions.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of a significant passive ownership stake by a major institutional investor. It does not provide specific insights into Penguin Solutions Inc.'s industry position or competitive landscape, nor does it reflect broader industry trends beyond the general activity of institutional investment.

Stakeholder Impact

• Shareholders: The continued significant stake by a major institutional investor like FMR LLC may be viewed positively, signaling long-term confidence.

Key Dates

Recommendation

This Schedule 13G filing indicates a stable, passive ownership stake by FMR LLC, a major institutional investor, in Penguin Solutions Inc. The filing does not contain new financial performance data, strategic shifts, or material events that would warrant a change in investment thesis. The continued holding by a significant institutional player suggests a baseline level of confidence, but without additional operational or financial insights, a 'hold' recommendation is appropriate for existing investors, while new investors should seek more comprehensive company-specific data.

Keywords

Penguin Solutions Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Passive Investment, Shareholding, SEC Filing