SCHEDULE: FMR LLC Reports 6.9% Stake in Primo Brands Corp

FMR LLC and Abigail P. Johnson have reported a combined beneficial ownership of 6.9% in Primo Brands Corp's Class A Common Stock as of June 30, 2026.

Summary

• FMR LLC and Abigail P. Johnson, through various affiliated entities, collectively beneficially own 25,017,739.39 shares of Primo Brands Corp's Class A Common Stock.
• This represents 6.9% of the class of securities outstanding as of June 30, 2026.
• The filing is an amendment (Amendment No. 4) to a Schedule 13G.
• The reporting persons have entered into a joint filing agreement.
• FMR LLC is classified as a holding company (HC), and Abigail P. Johnson is classified as an investment company (IN).

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting on beneficial ownership changes and not containing operational or financial performance updates.

Positives

• FMR LLC and Abigail P. Johnson maintain a significant, though not controlling, stake in Primo Brands Corp, indicating continued investor interest.
• The filing is current as of June 30, 2026, providing up-to-date ownership information.

Negatives

• The filing does not provide any information on the operational performance, financial health, or strategic direction of Primo Brands Corp.
• The nature of the reporting persons' interest (investment) does not inherently signal positive or negative performance for the issuer.

Risks

• The concentration of ownership by FMR LLC and Abigail P. Johnson could potentially influence corporate actions, though the filing states these shares were not acquired for control purposes.
• Changes in beneficial ownership by large holders can sometimes precede significant corporate events, the nature of which is currently unknown.

Future Outlook

This filing is purely informational regarding beneficial ownership and does not contain any forward-looking statements or guidance related to Primo Brands Corp's future performance.

Management Comments

• FMR LLC and Abigail P. Johnson certify that the securities were acquired and are held in the ordinary course of business and were not acquired or held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors like FMR LLC, indicating their role as significant shareholders in various public companies. The 6.9% stake suggests a substantial investment but not a controlling interest.

Related Party Transactions

• The filing indicates that FMR LLC, its subsidiaries and affiliates, and other companies are collectively referred to as the 'FMR Reporters'.
• Abigail P. Johnson is identified as a Director, Chairman, and CEO of FMR LLC.
• Members of the Johnson family are predominant owners of FMR LLC's voting shares and have entered into a shareholders' voting agreement.

Stakeholder Impact

• Shareholders of Primo Brands Corp may note the significant stake held by FMR LLC and Abigail P. Johnson, which could imply a degree of stability or potential future influence.
• The filing does not directly impact employees, customers, suppliers, or creditors of Primo Brands Corp.

Next Steps

• FMR LLC and Abigail P. Johnson will continue to hold their shares in Primo Brands Corp.
• Future amendments to this Schedule 13G will be filed if there are material changes in beneficial ownership.

Key Dates

Keywords

Primo Brands Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment Company, Holding Company