SCHEDULE: FIL Limited Discloses Stake in RB Global Inc.

FIL Limited and its affiliates report beneficial ownership of 3.4% of RB Global Inc. common stock as of March 31, 2026.

Summary

• FIL Limited, along with its subsidiaries and affiliates (collectively, the "FIL Reporters"), has filed a Schedule 13G, indicating their beneficial ownership of RB Global Inc. common stock.
• The filing, an amendment to a previous filing, reports that as of March 31, 2026, the FIL Reporters beneficially owned 6,245,775 shares of RB Global Inc. common stock.
• This represents 3.4% of the class of securities outstanding.
• FIL Limited, organized in Bermuda, is identified as a "Responsible Entity" and an "FI" type reporting person.
• Pandanus Partners, L.P., organized in Delaware, is also listed as a reporting person with the classification "PN".
• Pandanus Associates, Inc., also organized in Delaware, is classified as a "CO" reporting person.
• The filing clarifies that Pandanus Partners, L.P. owns shares of FIL Limited voting stock, but FIL disclaims beneficial ownership by any specific Johnson family member.
• The reporting persons have sole dispositive power over the 6,245,775 shares and no shared voting or dispositive power.
• The filing is made pursuant to Rule 13d-1(b) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it solely reports ownership stakes and does not provide performance data or strategic insights that would typically influence sentiment.

Positives

• FIL Limited and its affiliates maintain a significant stake (3.4%) in RB Global Inc., suggesting continued confidence or investment interest.
• The reporting entities have sole dispositive power over the shares, indicating clear control over their investment decisions.
• The filing is an amendment, suggesting ongoing monitoring and reporting of holdings, which is standard practice for institutional investors.

Negatives

• The filing does not provide any financial performance data for RB Global Inc., only ownership details.
• No specific reasons for the ownership stake or any strategic intentions are disclosed in this filing.

Risks

• The filing does not explicitly mention any risks associated with RB Global Inc. or the investment itself.
• Potential risks for investors in RB Global Inc. could include market volatility, competitive pressures, or changes in the company's strategic direction, none of which are detailed here.

Future Outlook

This filing is primarily an ownership disclosure and does not contain forward-looking statements or guidance regarding RB Global Inc.'s future performance.

Management Comments

• FIL disclaims that any specific member of the Johnson family is a beneficial owner of the securities reported on this Schedule 13G, despite Pandanus being owned by trusts for their benefit.
• The filing is made jointly by FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc., indicating a coordinated reporting effort.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors and investment funds to report significant ownership stakes in publicly traded companies. This filing indicates FIL Limited's continued interest in RB Global Inc. as a substantial shareholder.

Comparison to Industry Standards

• The 3.4% ownership stake reported by FIL Limited is a common threshold for institutional investors to disclose under SEC regulations.
• Many large asset managers and investment firms, such as BlackRock, Vanguard, and State Street, regularly file Schedule 13G or 13D forms when their holdings cross specific ownership thresholds in various companies.
• FIL Limited's classification as an "FI" (Financial Institution) or "Responsible Entity" aligns with typical reporting categories for such entities.

Related Party Transactions

• Pandanus Partners, L.P. owns shares of FIL Limited voting stock, indicating an inter-company relationship that is disclosed.

Stakeholder Impact

• Shareholders of RB Global Inc.: The filing confirms a significant institutional investor's stake, which can be viewed positively as a sign of confidence, but it does not directly impact current operations or immediate share price.
• FIL Limited and its affiliates: The filing confirms their investment position and associated reporting obligations.
• Regulators (SEC): The filing fulfills the disclosure requirements under the Securities Exchange Act of 1934.

Next Steps

• FIL Limited and its affiliates will continue to monitor their holdings in RB Global Inc. and file amendments to Schedule 13G as required by SEC regulations.
• RB Global Inc. will continue its business operations, the details of which are not covered in this ownership disclosure.

Key Dates

Keywords

RB Global Inc., FIL Limited, Schedule 13G, Beneficial Ownership, Common Stock, Investment, SEC Filing, Institutional Investor, Securities Exchange Act