SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 10.2% Stake in SharkNinja Inc.
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have filed an amended Schedule 13G, reporting a combined beneficial ownership of 10.2% of SharkNinja Inc.'s common stock as of March 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 2 to Schedule 13G concerning their beneficial ownership in SHARKNINJA INC.
- As of March 31, 2025, the reporting persons beneficially owned an aggregate of 14,252,450.18 shares of SHARKNINJA INC. common stock.
- This aggregate amount represents 10.2% of the total outstanding common stock of SHARKNINJA INC.
- FMR LLC, a Delaware entity, holds sole voting power over 13,474,162.32 shares and sole dispositive power over 14,252,450.18 shares.
- Abigail P. Johnson, a U.S. citizen, holds sole dispositive power over 14,252,450.18 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, is identified as an entity that beneficially owns 5% or greater of the outstanding shares.
- Abigail P. Johnson is noted as a Director, the Chairman, and the Chief Executive Officer of FMR LLC, and is part of the Johnson family who are predominant owners of FMR LLC's Series B voting common shares (49% voting power).
Sentiment
Score: 7
Explanation: The filing indicates a significant, passive stake by a major institutional investor, suggesting continued confidence without any negative implications. It's a neutral-to-positive signal of institutional interest.
Positives
- A major institutional investor, FMR LLC (Fidelity), and its key executive, Abigail P. Johnson, maintain a significant 10.2% stake in SharkNinja Inc., indicating continued institutional confidence.
- The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of influencing control, suggesting a passive and stable investment stance.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding SharkNinja Inc.'s future performance or outlook.
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
This Schedule 13G filing reflects a routine disclosure by a major asset manager, FMR LLC (Fidelity), regarding its passive investment in SharkNinja Inc. It indicates that a significant institutional investor continues to hold a substantial stake in the consumer products sector, which is common for large diversified investment firms. It does not provide specific insights into SharkNinja Inc.'s competitive position or broader industry trends beyond the fact that it is a publicly traded company attracting institutional investment.
Comparison to Industry Standards
- This document is a beneficial ownership filing and does not contain financial or operational results for SharkNinja Inc. that would allow for a comparison to industry standards or specific comparable companies/projects. It solely reports the ownership stake of FMR LLC and Abigail P. Johnson.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by FMR LLC and Abigail P. Johnson may be viewed positively, indicating continued institutional confidence in SharkNinja Inc.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 01/10/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 01/26/2023 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 01/31/2023 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000038) for Abigail P. Johnson was incorporated by reference. |
| 03/31/2025 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 05/09/2025 | Date of signing of the Schedule 13G Amendment No. 2. |
Keywords
SharkNinja Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Investment Management, Fidelity
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