SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 6.9% Stake in Western Digital Corp
Amendment to Beneficial Ownership Report
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have filed an amended Schedule 13G, revealing a beneficial ownership of 6.9% in Western Digital Corp's common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, collectively beneficially own 24,032,328.68 shares of Western Digital Corp's common stock.
- This aggregate amount represents 6.9% of Western Digital Corp's outstanding common stock.
- FMR LLC holds sole voting power over 23,739,789.54 shares and sole dispositive power over 24,032,328.68 shares.
- Abigail P. Johnson, through her role and family ownership in FMR LLC, is deemed to have sole dispositive power over 24,032,328.68 shares, but no sole or shared voting power directly.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating a change from a previous filing.
- 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 Western Digital Corp.
- FMR LLC is classified as a Parent Holding Company (HC), and Abigail P. Johnson is classified as an Individual (IN).
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational or financial news about the issuer.
Future Outlook
This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Western Digital Corp's future performance or outlook.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, 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 indicates a significant institutional holding by FMR LLC in Western Digital Corp, a major player in the data storage industry. Such disclosures are routine for large asset managers and reflect their investment positions rather than specific industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and trading activity.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting period end date). |
| 2025-02-11 | Date of signing and filing of this Schedule 13G Amendment No. 1. |
Keywords
Western Digital Corp, WDC, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Data Storage, Memory Solutions
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