SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 11.1% Stake in TD SYNNEX CORP

FMR LLC and its CEO, Abigail P. Johnson, have reported a significant beneficial ownership stake of 11.1% in TD SYNNEX CORP, totaling over 9.2 million shares, as detailed in their latest Schedule 13G amendment.

Summary

• FMR LLC and Abigail P. Johnson have filed an Amendment No. 23 to Schedule 13G, disclosing their beneficial ownership in TD SYNNEX CORP.
• As of April 30, 2025, FMR LLC and Abigail P. Johnson collectively beneficially own 9,278,609.93 shares of TD SYNNEX CORP's Common Stock.
• This aggregate amount represents 11.1% of the class of securities outstanding.
• FMR LLC holds sole voting power over 9,118,793.65 shares and sole dispositive power over 9,278,609.93 shares.
• Abigail P. Johnson holds sole dispositive power over 9,278,609.93 shares, with no shared voting or dispositive power reported for either party.
• 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 control of the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a significant, passive investment by a major institutional investor, which is generally viewed as a positive sign of confidence in the company's value and prospects.

Positives

• The disclosure of a significant 11.1% stake by a major institutional investor like FMR LLC, and its CEO Abigail P. Johnson, can be interpreted as a vote of confidence in TD SYNNEX CORP's long-term prospects.
• The certification that the shares are held in the ordinary course of business and not for control purposes suggests a stable, long-term investment perspective from a prominent financial entity.

Future Outlook

NA

Industry Context

Schedule 13G filings are routine disclosures by institutional investors who acquire more than 5% of a company's voting stock, indicating a significant, passive investment. FMR LLC, as a major asset manager (Fidelity), frequently appears in such filings across various public companies, reflecting its broad investment portfolio. This filing highlights a substantial position in TD SYNNEX CORP, a key player in the IT distribution and solutions industry.

Comparison to Industry Standards

• Large institutional holdings, such as the 11.1% stake reported by FMR LLC in TD SYNNEX CORP, are common across publicly traded companies, especially those with established market positions.
• Such significant stakes by reputable asset managers like FMR LLC are generally viewed as a positive signal, indicating that the company has met the investment criteria of sophisticated institutional investors.

Stakeholder Impact

• Shareholders: The presence of a large, stable institutional investor like FMR LLC can provide a degree of stability and confidence to other shareholders, potentially influencing investor sentiment positively.
• Management: While the filing states no intent to influence control, a significant shareholder can still engage with management on strategic matters, potentially impacting corporate direction over time.

Key Dates

Keywords

TD SYNNEX CORP, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Technology Distribution