SCHEDULE 13G/A: American Century Investment Management Discloses 4.9% Passive Stake in Spectrum Brands Holdings via Amended 13G Filing

American Century Investment Management, along with its affiliates, has filed an amended Schedule 13G, reporting a 4.9% beneficial ownership stake in Spectrum Brands Holdings, Inc. as of December 31, 2024, affirming a passive investment strategy.

Summary

• The filing is an Amendment No. 1 to Schedule 13G for Spectrum Brands Holdings, Inc. (Issuer: 84790A105).
• The reporting persons are American Century Investment Management, Inc., American Century Companies, Inc., and Stowers Institute for Medical Research, all organized in Delaware.
• As of December 31, 2024, the aggregate amount beneficially owned by the reporting persons is 1,375,177 shares of Common Stock.
• This beneficial ownership represents 4.9% of the class of securities.
• The reporting persons hold sole voting power over 1,332,567 shares and sole dispositive power over 1,375,177 shares.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by an institutional investor and does not contain information that would significantly alter the perception of the company's financial health or operational performance.

Positives

• The reporting persons explicitly state 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 Spectrum Brands Holdings, Inc., indicating a passive investment.

Negatives

• No explicit negatives for Spectrum Brands Holdings, Inc. are detailed in this beneficial ownership filing.

Risks

• No specific risks related to Spectrum Brands Holdings, Inc. are mentioned in this beneficial ownership filing.

Future Outlook

No forward-looking statements or guidance regarding Spectrum Brands Holdings, Inc.'s future performance or operations are provided in this beneficial ownership filing.

Industry Context

This filing indicates a significant institutional holding in Spectrum Brands Holdings, Inc., a company operating in the consumer products sector. Such disclosures are routine for publicly traded companies and reflect the investment activities of large institutional funds.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's passive ownership stake in the company.

Key Dates

Keywords

Spectrum Brands Holdings, SEC filing, Schedule 13G, beneficial ownership, institutional investor, American Century Investment Management, common stock, passive investment