SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 4.2% Passive Stake in Rocket Companies Inc.
Beneficial Ownership Disclosure
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a passive beneficial ownership of 4.2% of Rocket Companies Inc.'s Class A Common Stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 2 to Schedule 13G concerning their beneficial ownership in Rocket Companies Inc.
- The filing reports an aggregate beneficial ownership of 6,113,848.02 shares of Rocket Companies Inc.'s Class A Common Stock.
- This ownership represents 4.2% of the total outstanding Class A Common Stock of Rocket Companies Inc.
- FMR LLC holds sole voting power over 6,092,218.00 shares and sole dispositive power over 6,113,848.02 shares.
- Abigail P. Johnson holds sole dispositive power over 6,113,848.02 shares.
- The shares are stated to be acquired and held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.
- The ownership snapshot date for this filing is December 31, 2024, with the filing submitted on February 11, 2025.
- Subsidiaries and affiliates of FMR LLC identified as beneficially owning shares include FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, all classified as Investment Advisers.
Sentiment
Score: 5
Explanation: Neutral, as this is a routine disclosure of passive ownership and does not contain performance or strategic information about the issuer.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of a passive ownership stake by a major institutional investor in Rocket Companies Inc. It does not provide specific insights into broader industry trends or competitive dynamics beyond indicating continued institutional interest in the company.
Stakeholder Impact
- This filing indicates a significant, passive institutional investment in Rocket Companies Inc., which may be viewed positively by other investors as a vote of confidence from a major asset manager like FMR LLC.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | Date of initial Schedule 13G filing by FMR LLC referencing Power of Attorney. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of initial Schedule 13G filing by FMR LLC referencing Abigail P. Johnson's Power of Attorney. |
| 2024-12-31 | Date of event which requires filing of this statement, reflecting the beneficial ownership snapshot. |
| 2025-02-11 | Date of filing of this Amendment No. 2 to Schedule 13G. |
Keywords
Rocket Companies Inc., RKT, Schedule 13G, FMR LLC, Abigail P. Johnson, Class A Common Stock, Beneficial Ownership, Institutional Investor, Passive Investment, SEC Filing
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