FMR LLC & Abigail Johnson Report 12.373% Stake in Annexon Inc.
Ticker: ANNX · Form: SC 13G · Filed: Jan 10, 2024 · CIK: 1528115
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, insider-buy, SC-13G
TL;DR
**FMR LLC just revealed a 12.373% stake in Annexon, Inc., a big institutional vote of confidence.**
AI Summary
FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have disclosed a significant stake in Annexon, Inc. As of December 31, 2023, FMR LLC beneficially owns 9,685,401 shares of Annexon's common stock, representing 12.373% of the company. This substantial ownership by a prominent institutional investor signals a strong vote of confidence in Annexon's future prospects, which could positively influence other investors and potentially impact the stock price.
Why It Matters
This filing shows a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, have a significant stake in Annexon, Inc., which can be seen as a bullish signal for the company's stock.
Risk Assessment
Risk Level: low — This filing indicates a large institutional investment, generally seen as a positive sign, reducing perceived risk for current and potential investors.
Analyst Insight
A smart investor would view this significant institutional stake by FMR LLC as a positive signal, potentially indicating confidence in Annexon's long-term prospects, and might consider further research into Annexon's fundamentals and recent news.
Key Numbers
- 9,685,401 — Shares Beneficially Owned (Total common stock shares of Annexon, Inc. owned by FMR LLC and Abigail P. Johnson.)
- 12.373% — Percent of Class (The percentage of Annexon, Inc.'s common stock beneficially 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
- Annexon, Inc. (company) — the issuer of the common stock
- 03 Life Sciences (company) — organization name associated with Annexon, Inc.
Forward-Looking Statements
- Annexon, Inc.'s stock price may see increased investor interest due to the significant institutional ownership disclosed by FMR LLC. (Annexon, Inc.) — medium confidence, target: Q1 2024
FAQ
Who are the primary reporting persons in this SC 13G filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What percentage of Annexon, Inc.'s common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 12.373% of Annexon, Inc.'s common stock, as indicated in Item 11 for FMR LLC and Item 4(b) for the overall ownership.
How many shares of Annexon, Inc. common stock are beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson are reported to beneficially own 9,685,401 shares of Annexon, Inc. common stock, as shown in Item 7 for both reporting persons and Item 4(a) for the overall ownership.
What is the CUSIP number for Annexon, Inc. common stock?
The CUSIP number for Annexon, Inc. common stock is 03589W102, as stated multiple times in the filing, including under 'Cusip #03589W102' and Item 2(e).
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 '[x] Rule 13d-1(b)' and further explained in Item 3.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on January 10, 2024 by Abigail P. Johnson regarding Annexon, Inc. (ANNX).