SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain Significant Stake in Surgery Partners Inc.
Beneficial Ownership Report
FMR LLC and its affiliates, along with Abigail P. Johnson, have reported a continued beneficial ownership of 12.7% of Surgery Partners Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC, a Delaware-organized entity, and Abigail P. Johnson, a U.S. citizen, have filed an Amendment No. 4 to Schedule 13G regarding their beneficial ownership in Surgery Partners Inc.
- As of December 31, 2024, FMR LLC and Abigail P. Johnson collectively beneficially own 16,100,863.37 shares of Surgery Partners Inc. Common Stock.
- This aggregate amount represents 12.7% of the class of outstanding common stock.
- FMR LLC holds sole voting power over 16,100,007.40 shares and sole dispositive power over 16,100,863.37 shares.
- Abigail P. Johnson holds sole dispositive power over 16,100,863.37 shares, with no sole or shared voting power directly attributed to her in this filing.
- The filing indicates 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 Surgery Partners Inc.
- Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, is noted as an entity that beneficially owns 5% or greater of the outstanding shares.
- Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and members of the Johnson family are predominant owners of FMR LLC's Series B voting common shares, forming a controlling group.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest positive or negative sentiment regarding the company's performance or outlook. It is a neutral regulatory filing.
Future Outlook
NA
Industry Context
This Schedule 13G filing is a routine disclosure by a significant institutional investor, FMR LLC (Fidelity), indicating its continued substantial ownership stake in Surgery Partners Inc. Such filings provide transparency into major shareholdings, which is standard practice in the financial industry for publicly traded companies. It reflects an ongoing investment position rather than a new strategic move.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Ownership Structure Disclosure | Disclosure of the Johnson family's predominant ownership of Series B voting common shares of FMR LLC (49% voting power) and their shareholders' voting agreement, which allows them to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | NA | Clarifies the control structure of the reporting entity (FMR LLC) and its relationship to Abigail P. Johnson, providing transparency into the ultimate beneficial ownership and control of the reported shares. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional shareholder's stake, confirming FMR LLC's continued investment in Surgery Partners Inc. This can offer a degree of stability perception, as a major institutional holder is maintaining its position.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Filing date of the Schedule 13G Amendment No. 4. |
Keywords
beneficial ownership, Schedule 13G, FMR LLC, Abigail P. Johnson, Surgery Partners Inc., institutional investor, common stock, SEC filing, ownership stake
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