SCHEDULE: Thrivent Financial Boosts Stake in Sanfilippo & Son to 9.07%

Thrivent Financial for Lutherans has increased its beneficial ownership in John B. Sanfilippo & Son Inc. to 9.07% of common stock.

Summary

• Thrivent Financial for Lutherans reported beneficial ownership of 820,904 shares of John B. Sanfilippo & Son Inc. common stock.
• This represents 9.07% of the company's outstanding common shares.
• The percentage is based on 9,046,833 common shares outstanding as of October 23, 2025, as reported in the company's Form 10-Q.
• Thrivent Financial holds sole voting and dispositive power over 3,158 shares, but disclaims beneficial ownership of these shares held in the Thrivent Defined Benefit Plan Trust.
• Thrivent Financial holds shared voting and dispositive power over 817,746 shares.
• These shared shares include 203,363 shares advised by Thrivent Financial and 614,383 shares advised by its wholly-owned subsidiary, Thrivent Asset Management, LLC.
• This filing is an Amendment No. 6 to a Schedule 13G, indicating an update to a previously reported ownership stake.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as increased institutional ownership by a reputable financial institution often reflects a favorable view of the company's long-term prospects and stability.

Positives

• Increased institutional ownership by a significant financial entity like Thrivent Financial for Lutherans.
• A substantial stake of 9.07% indicates a strong conviction in the company's prospects by a major institutional investor.

Future Outlook

This Schedule 13G filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.

Management Comments

• David S. Royal, Chief Financial Officer of Thrivent Financial for Lutherans, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.

Industry Context

StockSavvy.ai notes that an increase in institutional ownership, particularly by a large entity like Thrivent Financial, can signal growing confidence in the consumer packaged goods sector, specifically within the nuts and snack food market where John B. Sanfilippo & Son operates. This move suggests that institutional investors are finding value in established companies with stable market positions.

Stakeholder Impact

• Shareholders: May view the increased institutional ownership as a positive signal, potentially boosting confidence and attracting further investment.
• Management: Could interpret this as validation of their strategy and performance, potentially influencing future strategic decisions.

Key Dates

Keywords

John B. Sanfilippo & Son Inc., JBSS, Thrivent Financial, Thrivent Asset Management, Schedule 13G, beneficial ownership, institutional investor, common stock, equity stake, investment adviser