FMR LLC Discloses 8.373% Passive Stake in Levi Strauss & Co.
Ticker: LEVI · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 94845
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, shareholder-disclosure
TL;DR
**FMR LLC just revealed an 8.373% stake in Levi Strauss, signaling institutional confidence.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant passive stake in Levi Strauss & Co. (LEVI). As of December 31, 2023, FMR LLC beneficially owns 8,376,627 shares of LEVI's Class A Common Stock, representing 8.373% of the class. This filing indicates FMR LLC's position as a substantial shareholder, which matters to investors as it signals a large, institutional investor's confidence in the company, potentially influencing market perception and stock stability.
Why It Matters
This filing shows a major institutional investor, FMR LLC, has a significant stake in Levi Strauss, which can be seen as a vote of confidence and may attract other investors.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a passive investment, indicating no immediate change in company control or strategy.
Analyst Insight
Investors should note the presence of a large institutional holder like FMR LLC, which can provide a baseline of stability for the stock, but this passive filing doesn't suggest immediate catalysts for price movement.
Key Numbers
- 8,376,627 — Shares Beneficially Owned (Total Class A Common Stock shares held by FMR LLC and Abigail P. Johnson.)
- 8.373% — Percent of Class (The percentage of Levi Strauss & Co.'s Class A Common Stock owned by FMR LLC and Abigail P. Johnson.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- LEVI STRAUSS & CO (company) — issuer of the securities
- 8,376,627 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 8.373% (dollar_amount) — percentage of Class A Common Stock owned
Forward-Looking Statements
- FMR LLC will maintain its passive stake in Levi Strauss & Co. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
FAQ
Who is the primary reporting person in this SC 13G filing?
The primary reporting person in this SC 13G filing is FMR LLC, a parent holding company, as stated in Item 1 and Item 3 of the filing.
What is the total number of Class A Common Stock shares of Levi Strauss & Co. beneficially owned by FMR LLC?
FMR LLC beneficially owns 8,376,627 shares of Levi Strauss & Co.'s Class A Common Stock, as reported in Item 7 and Item 9 on the cover page for FMR LLC, and Item 4(a) of the filing.
What percentage of Levi Strauss & Co.'s Class A Common Stock does FMR LLC beneficially own?
FMR LLC beneficially owns 8.373% of Levi Strauss & Co.'s Class A Common Stock, as indicated in Item 11 on the cover page for FMR LLC, and Item 4(b) of the filing.
Who else is listed as a reporting person in this filing, besides FMR LLC?
Abigail P. Johnson is also listed as a reporting person in this filing, as shown in the second 'Reporting Person' section on the cover page.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box in the 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed' section.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding LEVI STRAUSS & CO (LEVI).