SCHEDULE: American Century Boosts Spectrum Brands Stake to 8.5%

American Century Investment Management, Inc. and its affiliates reported beneficial ownership of 8.5% of Spectrum Brands Holdings, Inc. common stock as of September 30, 2025.

Summary

• American Century Investment Management, Inc., American Century Companies, Inc., and Stowers Institute for Medical Research collectively reported beneficial ownership of 2,052,850 shares of Spectrum Brands Holdings, Inc. common stock, representing 8.5% of the class.
• American Century Capital Portfolios, Inc. reported beneficial ownership of 1,295,698 shares, equating to 5.4% of the common stock.
• The reporting entities are interconnected: American Century Investment Management, Inc. is a wholly-owned subsidiary of American Century Companies, Inc., which is controlled by the Stowers Institute for Medical Research.
• The shares are held in the ordinary course of business and not for the purpose of changing or influencing control of Spectrum Brands Holdings, Inc.
• The filing is an Amendment No. 2 to a Schedule 13G, indicating a previous filing was made.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or prospects. It is a routine regulatory update.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance regarding the issuer's future performance or outlook.

Industry Context

This filing reflects a significant institutional investment in Spectrum Brands Holdings, Inc., a consumer products company. Such disclosures are standard for large asset managers and indicate their positioning within various sectors, but do not provide broader industry trend analysis.

Related Party Transactions

• American Century Investment Management, Inc. is a wholly-owned subsidiary of American Century Companies, Inc., which is controlled by the Stowers Institute for Medical Research. These entities are related parties for the purpose of this beneficial ownership filing.

Stakeholder Impact

• Shareholders are informed of significant institutional ownership in Spectrum Brands Holdings, Inc., which can influence market perception and trading activity.

Key Dates

Keywords

Spectrum Brands Holdings, American Century Investment Management, Beneficial Ownership, Schedule 13G, Institutional Investment, Common Stock, Investment Adviser