American Century Amends MSC Industrial Direct Stake

TL;DR

**American Century just updated its MSC Industrial Direct holdings, watch for potential stock movement.**

AI Summary

American Century Investment Management, Inc. filed an amended SC 13G/A on February 12, 2024, indicating a change in their ownership of MSC Industrial Direct Co., Inc. Class A Common Stock as of December 31, 2023. While the exact percentage of ownership isn't explicitly stated in the provided text, the filing confirms their continued significant, though potentially adjusted, stake in the company. This matters to investors because large institutional holdings can influence stock stability and signal confidence (or lack thereof) in the company's future prospects.

Why It Matters

Changes in institutional ownership can signal shifts in confidence or strategy, potentially impacting stock price and liquidity for MSC Industrial Direct Co., Inc. shareholders.

Risk Assessment

Risk Level: low — An SC 13G/A filing typically indicates passive investment changes, posing minimal immediate risk to the company or its stock.

Analyst Insight

Investors should monitor future SC 13G/A filings from American Century Investment Management, Inc. to track any further changes in their ownership percentage of MSC Industrial Direct Co., Inc., as significant increases or decreases could influence market perception.

Key Players & Entities

• American Century Investment Management, Inc. (company) — the reporting person filing the SC 13G/A
• MSC Industrial Direct Co., Inc. (company) — the issuer whose securities are being reported
• Delaware (company) — place of organization for American Century Investment Management, Inc.
• December 31, 2023 (date) — date of event requiring the filing
• February 12, 2024 (date) — date the filing was made

Forward-Looking Statements

• American Century Investment Management, Inc. will maintain a significant, passive stake in MSC Industrial Direct Co., Inc. for the foreseeable future. (American Century Investment Management, Inc.) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• mscindustrial13g-a2.htm (SC 13G/A) — 80KB
• image_7.jpg (GRAPHIC) — 0KB
• 0000052388-24-000117.txt ( ) — 82KB

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

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 1) American Century Investment Management, Inc. is an investment adviser in accordance with 240.13d-1(b)(1)(ii)(E). 2) American Century Companies, Inc. is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). 3) Stowers Institute for Medical Research is a parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G).

Ownership

Item 4. Ownership. Reference is made to Items 5-9 and 11 on the cover page of this filing.

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 X

Ownership of More than Five Percent on Behalf of Another Person

Item 6. Ownership of More than Five Percent on Behalf of Another Person. Various persons, including the investment companies and separate institutional investor accounts that American Century Investment Management, Inc. ("ACIM") serves as investment adviser, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities that are the subject of this schedule. Except as may be otherwise indicated if this is a joint filing, not more than 5% of the class of securities that is the subject of this schedule is owned by any one client advised by ACIM. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person. See attached Exhibit A.

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 Page 6 of 8 Pages

Certification

Item 10. Certification 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. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated this 9th day of February, 2024. AMERICAN CENTURY INVESTMENT MANAGEMENT, INC. ("ACIM") AMERICAN CENTURY COMPANIES, INC. ("ACC") By __ s John Pak __________________________ John Pak Senior Vice President, ACIM and ACC STOWERS INSTITUTE FOR MEDICAL RESEARCH, solely in its capacity as control entity of ACC By __ s Richard W. Brown ____________________ Richard W. Brown Chairman SCHEDULE 13G – To be included in statements filed pursuant to Rule 13d-1(b) or 13d-2(b). EXHIBIT A This Exhibit has been prepared to identify each subsidiary of American Century Companies, Inc. ("ACC"), which is controlled by the Stowers Institute for Medical Research, that is a beneficial owner of securities that are the subject of this schedule (the "Subject Securities"). American Century Investment Management, Inc. ("ACIM") is a wholly-owned subsidiary of ACC and an investment adviser registered under 203 of the Investment Advisers Act of 1940. SCHEDULE 13G – To be included in statements filed pursuant to Rule 13d-1(b) or 13d-2(b) and Rule 13d-1(f) (1) Agreement. Page 7 of 8 Pages EXHIBIT B Each of the undersigned hereby agrees and consents to the execution and joint filing on its behalf by American Century Investment Management, Inc. of this Schedule 13G respecting the beneficial ownership of the securities which are the subject of t

View Full Filing

View this SC 13G/A filing on SEC EDGAR