SCHEDULE: FMR LLC & Abigail Johnson Boost Perella Weinberg Stake to 15%

Sentiment:

Beneficial Ownership Report 5 November 2025 11:44 AM

📋All filings for Perella Weinberg Partners

FMR LLC and its Chairman and CEO, Abigail P. Johnson, have disclosed a combined beneficial ownership of 15.0% of Perella Weinberg Partners' Class A Common Stock as of September 30, 2025.

Summary

FMR LLC and Abigail P. Johnson collectively beneficially own 9,603,323.02 shares of Perella Weinberg Partners' Class A Common Stock.
This represents 15.0% of the total outstanding Class A Common Stock.
FMR LLC holds sole voting power over 9,601,329.00 shares and sole dispositive power over 9,603,323.02 shares.
Abigail P. Johnson is deemed to beneficially own these shares due to her control position as Director, Chairman, and CEO of FMR LLC, and her family's predominant ownership of FMR LLC's Series B voting common shares.
The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Perella Weinberg Partners.
FMR LLC's subsidiaries, including Fidelity Management & Research Company LLC, FIAM LLC, Fidelity Institutional Asset Management Trust Company, and Strategic Advisers LLC, are involved in the beneficial ownership, with Fidelity Management & Research Company LLC beneficially owning 5% or greater of the outstanding shares.

Sentiment

Score: 7

Explanation: The disclosure of a significant 15.0% beneficial ownership by a major institutional investor like FMR LLC, coupled with the certification that the stake is held in the ordinary course of business and not for control purposes, generally indicates a positive long-term view of the issuer. It suggests confidence from a sophisticated investor.

Positives

Significant institutional investment from FMR LLC, a major asset manager, signals confidence in Perella Weinberg Partners.
The stake is held in the ordinary course of business, indicating a long-term investment perspective rather than an activist stance.

Negatives

No specific negatives are disclosed in this type of filing.

Risks

No specific risks related to Perella Weinberg Partners' operations are disclosed in this ownership filing.

Future Outlook

This filing does not contain forward-looking statements or guidance from Perella Weinberg Partners, as it is a disclosure of beneficial ownership by an institutional investor.

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.

Industry Context

The disclosure of a significant 15.0% stake by FMR LLC, a prominent global asset management firm, in Perella Weinberg Partners, an advisory firm, highlights continued institutional interest in the financial advisory sector. Such a substantial passive investment by a major player like FMR LLC can be seen as a vote of confidence in Perella Weinberg's business model and future prospects within the competitive financial services industry.

Comparison to Industry Standards

FMR LLC's investment in Perella Weinberg Partners aligns with typical institutional investment strategies where large asset managers take significant, but passive, stakes in publicly traded companies. This is a common practice for firms like BlackRock, Vanguard, or State Street, which manage vast portfolios on behalf of clients and often hold substantial positions across various sectors, including financial services.
The 15.0% stake is a notable position, placing FMR LLC among the largest shareholders, which is consistent with the scale of investments made by top-tier asset managers in companies they deem to have strong fundamentals or growth potential.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Shareholder Voting Agreement	Members of the Johnson family, including Abigail P. Johnson, have a shareholders' voting agreement for Series B voting common shares of FMR LLC, under which all Series B shares are voted in accordance with the majority vote. This forms a controlling group with respect to FMR LLC.	NA	This internal FMR LLC governance structure dictates how FMR LLC's voting power is exercised, indirectly affecting the voting of Perella Weinberg Partners shares held by FMR LLC.

Stakeholder Impact

Shareholders of Perella Weinberg Partners may view the significant institutional stake by FMR LLC as a positive signal, potentially increasing investor confidence and stability.
The presence of a large, passive institutional investor like FMR LLC can contribute to market liquidity for Perella Weinberg Partners' Class A Common Stock.

Next Steps

FMR LLC and Abigail P. Johnson will continue to monitor their investment in Perella Weinberg Partners.
Future Schedule 13G amendments will be filed if there are material changes to their beneficial ownership.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC.
2023-01-10	Date of Schedule 13G filing by FMR LLC referencing Power of Attorney (accession number: -23-000003).
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC referencing Power of Attorney for Abigail P. Johnson (accession number: -23-000038).
2025-09-30	Date of event which requires filing of this statement (reporting period end date).
2025-11-04	Signature date of the Schedule 13G filing.

Recommendation

hold

The filing indicates a significant, passive institutional stake by FMR LLC, a reputable asset manager. This suggests a vote of confidence in Perella Weinberg Partners. However, as a Schedule 13G, it provides no new operational or financial performance data for the issuer. Therefore, while the institutional backing is positive, it doesn't fundamentally alter the investment thesis based solely on this disclosure. A 'hold' recommendation is appropriate, pending further operational updates from Perella Weinberg Partners.

Keywords

Perella Weinberg Partners, FMR LLC, Abigail P. Johnson, Class A Common Stock, Beneficial Ownership, Schedule 13G, Institutional Investor, Investment Management, Financial Services, Stake

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