SCHEDULE: FMR LLC Reduces Teekay Tankers Stake to 4.7%

Sentiment:

Beneficial Ownership Report 5 February 2026 1:40 PM

FMR LLC and Abigail P. Johnson reported a passive beneficial ownership of 4.7% of Teekay Tankers Ltd.'s Class A Common Stock as of December 31, 2025.

Worse than expectedThe beneficial ownership percentage has decreased to 4.7%, falling below the 5% threshold that typically triggers Schedule 13G filings for passive investors. This suggests a reduction in FMR LLC's stake from a previous filing.

Summary

FMR LLC and Abigail P. Johnson filed an Amendment No. 1 to Schedule 13G, disclosing their beneficial ownership in Teekay Tankers Ltd.
As of December 31, 2025, FMR LLC and Abigail P. Johnson collectively beneficially owned 1,410,426.89 shares of Teekay Tankers Ltd.'s Class A Common Stock.
This ownership represents 4.7% of the total outstanding Class A Common Stock.
FMR LLC holds sole voting power over 1,408,355.00 shares and sole dispositive power over 1,410,426.89 shares.
Abigail P. Johnson holds sole dispositive power over 1,410,426.89 shares, with no sole or shared voting power reported directly.
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 Teekay Tankers Ltd.
Fidelity Management & Research Company LLC and Strategic Advisers LLC are identified as entities within FMR LLC that beneficially own shares.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly negative development. While FMR LLC remains a significant shareholder, the reduction in their stake to below 5% suggests a potential rebalancing or decreased conviction, which could be interpreted cautiously by the market.

Positives

A major institutional investor, FMR LLC, continues to hold a significant passive stake in Teekay Tankers Ltd., indicating ongoing investment interest.
The certification that the securities are held in the ordinary course of business and not for control purposes suggests a stable, long-term investment approach.

Negatives

The reported beneficial ownership of 4.7% is below the 5% threshold, implying a reduction from a previous filing and potentially signaling a decreased conviction or portfolio rebalancing by FMR LLC.
Falling below the 5% threshold means FMR LLC will have less frequent public disclosure requirements for this specific holding, potentially reducing transparency for other investors.

Risks

The filing itself does not detail company-specific risks for Teekay Tankers Ltd. It is a disclosure of beneficial ownership by an institutional investor.

Future Outlook

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

Management Comments

This filing is a disclosure of beneficial ownership and does not contain direct quotes or paraphrased statements from company management of Teekay Tankers Ltd. It includes certifications from FMR LLC and Abigail P. Johnson that the securities were acquired and held in the ordinary course of business and not for control purposes.

Industry Context

StockSavvy.ai notes that institutional ownership disclosures like this Schedule 13G provide transparency into significant investor positions. While this filing specifically details FMR LLC's stake in Teekay Tankers, it does not offer broader insights into the tanker shipping industry trends or competitive landscape. However, the continued presence of a major asset manager like FMR LLC in the shareholder base can be viewed positively by the market, even with a slight reduction in percentage ownership.

Management Changes

Role	Previous Person	New Person	Effective Date	Reason

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 (49% voting power) of FMR LLC and a shareholders' voting agreement, which may deem them a controlling group with respect to FMR LLC.	NA	Provides transparency into the internal governance and control structure of FMR LLC, the reporting entity, rather than Teekay Tankers Ltd.

Legal Proceedings

This filing does not mention any legal proceedings or regulatory matters concerning Teekay Tankers Ltd. or the reporting persons.

Related Party Transactions

This filing does not disclose any related party dealings concerning Teekay Tankers Ltd. or the reporting persons, beyond the internal structure of FMR LLC and Abigail P. Johnson's relationship to it.

Stakeholder Impact

Shareholders: The disclosure of a major institutional investor's stake, even if reduced, can influence investor sentiment and perception of the company's stability and attractiveness. A reduction below 5% might lead to less frequent public disclosures from this specific investor.
Management: Awareness of significant institutional ownership can influence management's strategic decisions and communication with the investment community.

Next Steps

The filing does not mention any specific future actions, events, or milestones for Teekay Tankers Ltd. or FMR LLC beyond the ongoing management of their investment.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC.
2023-01-10	Date of Schedule 13G filing by FMR LLC, accession number -23-000003, referenced for Power of Attorney.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC, accession number -23-000038, referenced for Abigail P. Johnson's Power of Attorney.
2025-12-31	Date of event which requires filing of this statement (reporting period end for beneficial ownership).
2026-02-04	Signature date of the Schedule 13G Amendment No. 1 filing.

Recommendation

hold

The filing indicates a passive investment by a major institutional holder, FMR LLC, which has reduced its stake to below 5%. While FMR LLC's continued presence is a positive signal, the reduction suggests a re-evaluation or portfolio adjustment. Without further information on Teekay Tankers Ltd.'s operational performance or strategic direction, a 'hold' recommendation is prudent, advising investors to monitor future developments and the company's fundamentals.

Keywords

Teekay Tankers Ltd., TK, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Class A Common Stock, Institutional Investor, Tanker Shipping, Investment Management

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