SCHEDULE: FMR LLC Reports 2.3% Stake in Reddit

FMR LLC, through its subsidiaries and affiliated entities, has reported beneficial ownership of 4,422,186 shares of Reddit, Inc. Class A Common Stock, representing 2.3% of the class.

Summary

• FMR LLC and its affiliates, including Abigail P. Johnson, have filed a Schedule 13G indicating beneficial ownership of 4,422,186 shares of Reddit, Inc. Class A Common Stock as of March 31, 2026.
• This holding represents 2.3% of the total outstanding Class A Common Stock.
• The reported shares include 1,505,726 shares of Class B Common Stock held by investment companies advised by various Fidelity entities, which are convertible into Class A Common Stock on a 1:1 basis.
• These Class B shares represent 2.9302% of the outstanding Class B Common Stock.
• FMR LLC is classified as a holding company (HC), and Abigail P. Johnson is classified as an insider (IN).

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, indicating institutional interest without providing performance data or future guidance.

Positives

• FMR LLC, a significant investment management firm, has taken a notable stake in Reddit, Inc., indicating confidence in the company's potential.
• The beneficial ownership is reported as being acquired and held in the ordinary course of business, not for the purpose of influencing control.

Risks

• The filing does not explicitly detail any risks associated with this investment, as it is a standard disclosure of beneficial ownership.

Future Outlook

The filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Reddit's future performance.

Industry Context

StockSavvy.ai notes that this filing by FMR LLC, a major asset manager, signifies institutional interest in Reddit's Class A common stock. Such filings often precede or coincide with significant investment activity and can signal market confidence.

Stakeholder Impact

• Shareholders: The filing indicates increased institutional interest in Reddit, which could potentially influence market perception and stock price, though no immediate impact is guaranteed.
• Management: The filing confirms FMR LLC's investment strategy and its role as a significant shareholder.

Next Steps

• FMR LLC and its affiliates will continue to hold and potentially manage their beneficial ownership of Reddit, Inc. stock in the ordinary course of business.

Key Dates

Keywords

Reddit, FMR LLC, Fidelity, Schedule 13G, Class A Common Stock, Class B Common Stock, Beneficial Ownership, Investment Management, SEC Filing