SCHEDULE: FMR LLC & Abigail Johnson Boost Reddit Stake to 11.7%
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have disclosed a beneficial ownership of 11.7% of Reddit, Inc.'s Class A Common Stock as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 16,077,582.26 shares of Reddit, Inc.'s Class A Common Stock.
- This ownership represents 11.7% of the outstanding Class A Common Stock.
- The reported beneficial ownership includes 2,588,430 shares of Class A Common Stock that are convertible from Class B Common Stock directly owned by investment companies advised by FMR LLC's subsidiaries.
- These Class B shares constitute 4.9237% of the outstanding Class B Common Stock.
- If all outstanding Class B Common Stock were converted into Class A Common Stock, the 16,077,582 shares reported would represent 8.5905% of the outstanding Class A Common Stock.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual reporting person.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of Reddit, Inc.
Sentiment
Score: 6
Explanation: The filing is a factual disclosure of a significant ownership stake by a major institutional investor, FMR LLC, and its principal, Abigail P. Johnson. While not directly commenting on company performance, a substantial institutional holding typically implies a positive long-term view, hence a slightly positive score. The filing itself is neutral in tone, but the underlying action (holding a large stake) is generally positive.
Positives
- The significant 11.7% stake held by FMR LLC, a major institutional investor, signals strong confidence in Reddit, Inc.'s long-term prospects.
- The continued substantial investment from a prominent asset manager like FMR LLC can provide stability and attract further institutional interest in Reddit, Inc.
Risks
- The filing does not detail specific operational or financial risks related to Reddit, Inc. It is a disclosure of beneficial ownership.
Future Outlook
The filing does not provide any forward-looking statements or guidance regarding Reddit, Inc.'s future performance or FMR LLC's investment strategy beyond the current ownership disclosure.
Industry Context
FMR LLC, a prominent global asset management firm, maintaining a significant stake in Reddit, Inc. highlights continued institutional interest in social media platforms and digital content companies. This substantial holding by a major investor like Fidelity (FMR LLC's parent) can be interpreted as a vote of confidence in Reddit's long-term growth potential within the competitive social media landscape.
Stakeholder Impact
- Shareholders: The significant stake held by FMR LLC may provide a level of stability and confidence, potentially attracting other institutional investors.
- Management: A large institutional investor like FMR LLC often engages with management, potentially influencing strategic decisions and corporate governance.
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 Power of Attorney (accession number -23-000003) 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 Power of Attorney (accession number -23-000038) for Abigail P. Johnson was incorporated by reference. |
| 2025-09-30 | Date of event which requires filing of this statement (beneficial ownership calculation date). |
| 2025-11-04 | Signature date for the Schedule 13G filing by FMR LLC and Abigail P. Johnson. |
Keywords
Reddit, FMR LLC, Abigail P. Johnson, Class A Common Stock, Beneficial Ownership, SEC Filing, Schedule 13G, Institutional Investor, Social Media, Investment Management
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