SCHEDULE: FMR LLC Boosts TD SYNNEX Stake to 9.9%

FMR LLC and Abigail P. Johnson report beneficial ownership of 9.9% of TD SYNNEX Corp's common stock as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson, as reporting persons, collectively hold beneficial ownership of 8,283,366.42 shares of TD SYNNEX Corp common stock.
• This represents 9.9% of the total outstanding common stock of TD SYNNEX Corp.
• The filing is an Amendment No. 24 to a Schedule 13G, indicating a passive investment position.
• FMR LLC holds sole voting power over 8,157,141.69 shares and sole dispositive power over 8,283,366.42 shares.
• Abigail P. Johnson holds sole dispositive power over 8,283,366.42 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• Several FMR LLC subsidiaries and affiliates, including Fidelity Management & Research Company LLC, are involved in the beneficial ownership, with Fidelity Management & Research Company LLC beneficially owning 5% or greater of the outstanding shares.

Sentiment

Score: 7

Explanation: The filing indicates a stable, significant passive investment by a major institutional holder, suggesting continued confidence in the issuer. No negative information is presented, but it's purely an ownership disclosure, not a performance report.

Positives

• A major institutional investor, FMR LLC, maintains a significant stake (9.9%) in TD SYNNEX Corp, indicating continued confidence.
• The filing explicitly states the shares are held in the ordinary course of business and not for influencing control, suggesting a stable, passive investment.

Future Outlook

This filing is an ownership disclosure and does not contain forward-looking statements or guidance regarding TD SYNNEX Corp'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 filing reflects a significant passive investment by a major asset manager in a leading global IT distributor. It indicates continued institutional interest in the technology distribution sector, which plays a crucial role in the supply chain for IT products and services.

Comparison to Industry Standards

• As a Schedule 13G filing, this document primarily reports beneficial ownership and does not provide financial results for comparison. However, a 9.9% stake by a prominent institutional investor like FMR LLC is a substantial position, often seen as a vote of confidence in the company's long-term prospects within its industry, comparable to similar large passive stakes held by institutional funds in other major IT distributors like Arrow Electronics or formerly private Ingram Micro.

Stakeholder Impact

• Shareholders: The continued significant stake by a major institutional investor like FMR LLC may be viewed positively, potentially signaling stability and long-term value.
• Management: The passive nature of the investment (not seeking to influence control) suggests no immediate pressure or changes from this shareholder.

Next Steps

• No specific future actions or milestones for TD SYNNEX Corp are mentioned in this ownership disclosure. FMR LLC and Abigail P. Johnson will continue to report their beneficial ownership as required by SEC regulations.

Key Dates

Recommendation

This Schedule 13G filing primarily reports a passive ownership stake by FMR LLC and Abigail P. Johnson in TD SYNNEX Corp. It indicates a stable, significant institutional holding (9.9%) without any intent to influence control. As such, it provides no new fundamental information about the company's operational performance, financial health, or strategic direction that would warrant a change in investment thesis. The continued presence of a large institutional investor is generally a neutral to slightly positive signal, suggesting the stock remains a viable long-term holding for those already invested, but it does not present a compelling new reason to buy or sell based solely on this disclosure.

Keywords

TD SYNNEX CORP, FMR LLC, Abigail P. Johnson, Schedule 13G, Common Stock, Institutional Ownership, Passive Investment, Shareholding, Technology Distribution