Liechtensteinische Landesbank Amends Fossil Group (FOSL) Stake

TL;DR

**Liechtensteinische Landesbank just updated its Fossil Group (FOSL) stake, watch for potential market reaction.**

AI Summary

Liechtensteinische Landesbank Aktiengesellschaft, a bank based in Vaduz, Liechtenstein, filed an amended SC 13G/A on January 22, 2024, indicating its beneficial ownership in Fossil Group, Inc. (FOSL) as of December 31, 2023. This filing is an amendment, suggesting a change in their previously reported stake. For investors, this matters because it signals that a significant institutional investor is adjusting its position in Fossil Group, which could influence market perception and potentially the stock price.

Why It Matters

This filing shows an institutional investor, Liechtensteinische Landesbank Aktiengesellschaft, has updated its ownership in Fossil Group, Inc., which can be a signal of their confidence or lack thereof in the company's future performance.

Risk Assessment

Risk Level: low — An SC 13G/A filing is a routine disclosure of beneficial ownership and typically does not indicate high risk unless a significant change in ownership suggests a major shift in investor sentiment.

Analyst Insight

An investor should note that a significant institutional investor, Liechtensteinische Landesbank Aktiengesellschaft, has updated its position in Fossil Group, Inc. (FOSL). While the filing doesn't disclose the exact change in share count, the amendment suggests a re-evaluation of their investment. Smart investors would monitor subsequent filings for specific share counts and consider this alongside other fundamental analysis of Fossil Group's performance.

Key Players & Entities

• Liechtensteinische Landesbank Aktiengesellschaft (company) — the reporting person filing the SC 13G/A
• Fossil Group, Inc. (company) — the subject company in which shares are beneficially owned
• Vaduz, Principality of Liechtenstein (company) — place of organization for Liechtensteinische Landesbank Aktiengesellschaft
• December 31, 2023 (date) — date of event requiring the filing
• January 22, 2024 (date) — date the SC 13G/A was filed

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• r118240sc13ga1.htm (SC 13G/A) — 51KB
• 0001214659-24-001038.txt ( ) — 53KB

If this statement is filed pursuant to §§240.13d-1(b)

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: LLB: (g) x A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); and (j) x A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J). (LLB is a bank that is regulated under the laws of Liechtenstein) LLB FS: (j) x A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J). (LLB FS is an investment adviser that is regulated under the laws of Liechtenstein) 4

Ownership

Item 4. Ownership (a) Amount beneficially owned: 2,805,194 (b) Percent of class: 5.4% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 2,805,194 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 2,805,194

Ownership of Five Percent or Less of a Class

Item 5. Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following

Ownership of More than Five Percent on Behalf of Another

Item 6. Ownership of More than Five Percent on Behalf of Another Person The securities reported herein as beneficially owned by the Reporting Persons may also be deemed to be beneficially owned by BWM AG, an unaffiliated third party investment adviser which manages the position pursuant to an investment advisory agreement with LLB FS.

Identification and Classification of the Subsidiary Which

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person See Items 2 and 3 above.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group Not applicable.

Certifications

Item 10. Certifications By signing below the undersigned certifies that, to the best of its knowledge and belief, (i) 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, and (ii) the foreign regulatory scheme applicable to it is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institutions. The undersigned also undertakes to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. 5

Signatures

Signatures After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: January 19, 2024 Liechtensteinische Landesbank Aktiengesellschaft By: /s/ Stefan Rein Name: Stefan Rein Title: Vice President and By: /s/ Sonya Cepe Name: Sonya Cepe Title: Vice President Dated: January 19, 2024 LLB Fund Services AG By: /s/ Stefan Rein Name: Stefan Rein Title: Member of the Board of Directors and By: /s/ Bruno Schranz Name: Bruno Schranz Title: CEO 6 EXHIBIT 1 JOINT FILING AGREEMENT The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G may be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows that such information is inaccurate. Dated: January 19, 2024 Liechtensteinische Landesbank Aktiengesellschaft By: /s/ Stefan Rein Name: Stefan Rein Title: Vice President and By: /s/ Sonya Cepe Name: Sonya Cepe Title: Vice President Dated: January 19, 2024 LLB Fund Services AG By: /s/ Stefan Rein Name: Stefan Rein Title: Member of the Board of Directors and By: /s/ Bruno Schranz Name: Bruno Schranz Title: CEO 7

View Full Filing

View this SC 13G/A filing on SEC EDGAR