SCHEDULE: FMR LLC, Abigail Johnson Disclose 8% Stake in QuidelOrtho
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have reported an 8.0% beneficial ownership stake in QuidelOrtho Corp, totaling over 5.4 million common shares.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 5,420,217.85 common shares of QUIDELORTHO CORP as of December 31, 2025.
- This represents an 8.0% beneficial ownership stake in the company's common stock.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously reported ownership position.
- FMR LLC, a Delaware-organized parent holding company, holds sole voting power over 5,416,389 shares and sole dispositive power over 5,420,217.85 shares.
- Abigail P. Johnson, a U.S. citizen, holds sole dispositive power over 5,420,217.85 shares but no sole voting power.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of QUIDELORTHO CORP.
- Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, is identified as an entity that beneficially owns 5% or greater of the outstanding shares.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive disclosure, as it primarily reports a significant beneficial ownership stake by a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson, without indicating any immediate operational or financial changes for QuidelOrtho Corp.
Positives
- A major institutional investor, FMR LLC (Fidelity), and its principal, Abigail P. Johnson, have disclosed a significant 8.0% beneficial ownership stake in QUIDELORTHO CORP.
- The reporting persons certify that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control, suggesting a passive investment intent.
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 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
StockSavvy.ai notes that the disclosure of a significant stake by a major asset manager like FMR LLC (Fidelity) in a diagnostics and medical device company like QuidelOrtho Corp can signal institutional confidence in the sector's long-term prospects or the specific company's market position, especially given the ongoing demand for diagnostic solutions.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Control Structure Disclosure | Abigail P. Johnson, as Director, Chairman, and CEO of FMR LLC, along with other Johnson family members, are the predominant owners of FMR LLC's Series B voting common shares (49% voting power) and have a voting agreement, potentially forming a controlling group for FMR LLC. | NA | This details the internal governance and control structure of the reporting entity, FMR LLC, rather than QuidelOrtho Corp. It clarifies the ultimate control over the reported beneficial ownership. |
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by FMR LLC and Abigail P. Johnson may be viewed positively, potentially signaling confidence in QUIDELORTHO CORP's value proposition.
- Management: Awareness of a large, passive institutional holder may influence management's strategic decisions, though the filing explicitly states no intent to influence control.
Next Steps
- FMR LLC and Abigail P. Johnson will continue to monitor their investment in QUIDELORTHO CORP.
- Further Schedule 13G amendments would be filed if there are material changes to their beneficial ownership (e.g., crossing a 1% threshold up or down, or a change in investment intent).
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 where 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. |
| 2025-12-31 | Date of event which requires filing of this statement (beneficial ownership as of this date). |
| 2026-02-04 | Date of signing of this Schedule 13G Amendment No. 1. |
Keywords
QUIDELORTHO CORP, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Fidelity, Medical Devices, Diagnostics
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