SCHEDULE: FMR LLC Discloses 8.9% Stake in Reddit Class A Stock

FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 8.9% of Reddit, Inc.'s Class A Common Stock as of December 31, 2025.

Summary

• FMR LLC and Abigail P. Johnson collectively beneficially own 12,506,739.54 shares of Reddit, Inc.'s Class A Common Stock.
• This represents 8.9% of the outstanding Class A Common Stock as of December 31, 2025.
• The filing is an Amendment No. 6 to a Schedule 13G, indicating an update to previously reported ownership.
• The ownership includes 2,587,730 shares of Class B Common Stock, held by investment companies advised by FMR LLC subsidiaries, which are convertible into Class A Common Stock on a 1:1 basis.
• These Class B shares represent 5.0081% of the outstanding Class B Common Stock.
• Assuming the conversion of all outstanding Class B Common Stock into Class A Common Stock, the reported 12,506,739 shares would represent 6.600% of the outstanding Class A Common Stock.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Reddit, Inc.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive signal, as a large institutional investor maintaining a significant stake suggests continued confidence in Reddit, Inc., though it is a routine disclosure.

Positives

• Significant institutional investment by FMR LLC, a major asset manager, indicates a notable level of confidence in Reddit's long-term prospects.
• The holding is for investment purposes in the ordinary course of business, not for control, suggesting a stable, passive investment by a large financial entity.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Reddit, Inc.'s future performance or FMR LLC's investment strategy beyond the statement that the securities are held in the ordinary course of business.

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 a significant stake by a major institutional investor like FMR LLC in a social media platform like Reddit can signal long-term confidence in the company's market position and growth potential within the competitive digital advertising and user-generated content industry.

Comparison to Industry Standards

• A beneficial ownership stake of 8.9% by a single institutional entity like FMR LLC is a substantial position, comparable to significant holdings seen in other major technology and social media companies by large asset managers such as BlackRock or Vanguard in companies like Meta Platforms or Snap Inc.
• The disclosure of both Class A and convertible Class B shares highlights the dual-class share structure common in many tech companies, designed to maintain founder control, similar to Alphabet (Google) or Meta Platforms (Facebook).

Stakeholder Impact

• Shareholders: The continued significant ownership by a major institutional investor like FMR LLC may provide a level of stability and confidence in the stock.

Next Steps

• The filing does not specify any future actions, events, or milestones for Reddit, Inc. or FMR LLC beyond the ongoing beneficial ownership.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of beneficial ownership by a large institutional investor, FMR LLC, and its affiliate Abigail P. Johnson. It indicates a substantial, but passive, stake in Reddit, Inc. The filing itself does not present new information that would fundamentally alter the investment thesis for Reddit, nor does it suggest any immediate catalysts for significant price movement. The holding is stated to be in the ordinary course of business, not for control. Therefore, a 'hold' recommendation is appropriate, as the filing confirms existing institutional interest without providing new reasons to buy or sell.

Keywords

Reddit, FMR LLC, Abigail P. Johnson, Class A Common Stock, Beneficial Ownership, Schedule 13G, Institutional Investor, Social Media, Technology