SCHEDULE: FMR LLC & Abigail Johnson Boost QuidelOrtho Stake to 6.6%
Beneficial Ownership Report
FMR LLC and its affiliates, along with Abigail P. Johnson, reported a 6.6% beneficial ownership stake in QuidelOrtho Corp. common stock as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson, through various entities, beneficially own 4,496,153.43 shares of QuidelOrtho Corp. common stock.
- This represents 6.6% of the total outstanding common stock of QuidelOrtho Corp.
- The ownership position is reported as of September 30, 2025.
- FMR LLC holds sole voting power over 4,489,791.00 shares and sole dispositive power over 4,496,153.43 shares.
- Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
- The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of QuidelOrtho Corp.
- Key subsidiaries of FMR LLC involved include FIAM LLC, Fidelity Management & Research Company LLC (which beneficially owns 5% or greater), and Strategic Advisers LLC.
Sentiment
Score: 7
Explanation: The filing indicates a substantial beneficial ownership stake by a major institutional investor, FMR LLC, and its affiliates, in QuidelOrtho Corp., which can be interpreted as a vote of confidence in the company's prospects.
Positives
- A major institutional investor, FMR LLC, and its affiliates, hold a significant 6.6% stake in QuidelOrtho Corp., indicating confidence in the company.
Risks
- No specific risks related to QuidelOrtho Corp.'s operations are disclosed in this ownership filing.
- The reporting persons certify that the securities were not acquired or held for the purpose of changing or influencing control of the issuer.
Future Outlook
NA
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, 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 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
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, along with other Johnson family members, are predominant owners of FMR LLC's Series B voting common shares (49% voting power) and have a shareholders' voting agreement, potentially forming a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | Clarifies the internal control structure of the reporting entity, FMR LLC, and how Abigail P. Johnson's beneficial ownership is derived through her role and family holdings within FMR LLC. |
Stakeholder Impact
- Shareholders: Increased institutional ownership by a reputable firm like FMR LLC may be viewed positively, potentially signaling stability and long-term interest, which could attract other investors.
- Management: The significant stake by FMR LLC, while passive, means management will likely be under scrutiny to deliver performance.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where its Power of Attorney (Exhibit 24) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (Exhibit 24) was incorporated by reference. |
| 2025-09-30 | Date of event which requires filing of this statement, representing the beneficial ownership position. |
| 2025-11-04 | Date of joint filing agreement and signature date for the Schedule 13G. |
Recommendation
holdThe filing indicates a substantial 6.6% beneficial ownership by FMR LLC and its affiliates in QuidelOrtho Corp. This significant institutional stake, held in the ordinary course of business without intent to influence control, suggests a vote of confidence from a major investment firm. While not a direct endorsement of future performance, it provides a positive signal for current shareholders, warranting a 'hold' position based on this specific disclosure. Further analysis of QuidelOrtho Corp.'s financials and market position would be required for a more definitive investment decision.
Keywords
QuidelOrtho Corp, QDEL, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Fidelity, Investment Management
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