SCHEDULE: FMR LLC Discloses 13.3% Stake in WillScot Holdings
Beneficial Ownership Report
FMR LLC and its affiliates, including Abigail P. Johnson, have reported a beneficial ownership of 13.3% of WillScot Holdings Corp.'s common stock.
Summary
- FMR LLC and Abigail P. Johnson have filed a Schedule 13G, disclosing their beneficial ownership in WillScot Holdings Corp.
- As of November 28, 2025, FMR LLC and Abigail P. Johnson beneficially own an aggregate of 24,284,039.16 shares of WillScot Holdings Corp. common stock.
- This represents 13.3% of the total outstanding common stock of WillScot Holdings Corp.
- FMR LLC holds sole voting power over 24,277,850.00 shares and sole dispositive power over 24,284,039.16 shares.
- Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares and has sole dispositive power over 24,284,039.16 shares, but no sole voting power.
- 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 control of the issuer.
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities beneficially owning shares, with Fidelity Management & Research Company LLC owning 5% or greater.
Sentiment
Score: 6
Explanation: The filing is a routine disclosure of a significant institutional ownership stake. While it doesn't provide operational or financial performance data, a large, passive investment by a reputable firm like FMR LLC can be viewed as a moderately positive signal of confidence in the company's value, without implying any immediate operational changes or financial improvements.
Positives
- A significant institutional investor, FMR LLC, has disclosed a substantial 13.3% stake in WillScot Holdings Corp., which can be interpreted as a vote of confidence in the company's long-term prospects.
- The filing explicitly states that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control, suggesting a passive investment strategy.
Negatives
- NA (Schedule 13G filings are factual disclosures of ownership and do not typically contain negative operational or financial information about the issuer.)
Risks
- NA (Schedule 13G filings primarily disclose beneficial ownership and do not typically detail company-specific operational or financial risks.)
Future Outlook
NA (This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance from the issuer or the reporting persons regarding the issuer's future performance.)
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
The disclosure of a significant stake by a major institutional asset manager like FMR LLC in WillScot Holdings Corp. highlights continued institutional interest in the industrial and modular space. Such filings are common for large investment firms managing diverse portfolios, reflecting their investment strategies rather than specific industry-wide shifts, though a substantial stake can signal confidence in the sector's underlying fundamentals.
Comparison to Industry Standards
- NA (This filing is a disclosure of beneficial ownership by an institutional investor and does not contain operational or financial results that can be directly compared to industry benchmarks or specific comparable companies/projects.)
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA (This Schedule 13G filing does not contain any information regarding litigation or regulatory matters concerning WillScot Holdings Corp. or the reporting persons.)
Related Party Transactions
- NA (This Schedule 13G filing does not disclose any related party dealings involving WillScot Holdings Corp.)
Stakeholder Impact
- Shareholders: The disclosure of a significant, passive institutional stake by FMR LLC may increase investor confidence and potentially attract further institutional interest, positively impacting share liquidity and valuation.
- Management: The presence of a large, passive institutional investor like FMR LLC typically implies a focus on long-term value creation without immediate pressure for strategic or operational changes.
Next Steps
- NA (This Schedule 13G filing is a regulatory disclosure of current ownership and does not outline future actions, events, or milestones for WillScot Holdings Corp. or the reporting persons.)
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its subsidiaries, incorporated by reference. |
| 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, incorporated by reference. |
| 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. |
| 2025-11-28 | Date of event which requires the filing of this statement, indicating the beneficial ownership position. |
| 2025-12-04 | Date of signing and filing of this Schedule 13G statement. |
Keywords
WillScot Holdings Corp, WSC, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, institutional ownership, common stock, investment management, passive investment
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