FMR LLC & Abigail Johnson Trim Allison Transmission Stake to 11.113%
Ticker: ALSN · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1411207
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, shareholder-update
TL;DR
**FMR LLC and Abigail Johnson now own 11.113% of Allison Transmission, down from previous filings.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Allison Transmission Holdings Inc. As of February 9, 2024, they collectively beneficially own 9,945,271 shares of common stock, representing 11.113% of the company. This is an amendment to a previous filing, indicating a change in their holdings, which matters to investors as it shows a significant institutional investor's continued, albeit slightly reduced, confidence in Allison Transmission.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, still hold a significant portion of Allison Transmission, but their updated filing (Amendment No. 11) suggests a slight reduction in their overall percentage ownership, which could signal a shift in their investment strategy.
Risk Assessment
Risk Level: low — This filing indicates a routine update by a major institutional investor and does not suggest immediate high risk to the company or its stock.
Analyst Insight
An investor should note that a major institutional investor, FMR LLC, still holds a substantial stake in Allison Transmission, but the amendment (Amendment No. 11) suggests a minor adjustment in their position. This could warrant further investigation into FMR LLC's broader portfolio changes or Allison Transmission's recent performance to understand the rationale behind the adjustment.
Key Numbers
- 9,945,271 — Shares Beneficially Owned (Total common stock shares of Allison Transmission Holdings Inc beneficially owned by FMR LLC and Abigail P. Johnson as of February 9, 2024.)
- 11.113% — Percent of Class (The percentage of Allison Transmission Holdings Inc's common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 8,454,081 — Sole Voting Power (FMR LLC) (Shares over which FMR LLC has sole power to vote or direct the vote.)
- 0 — Shared Voting Power (FMR LLC) (Shares over which FMR LLC has shared power to vote or direct the vote.)
- 0 — Sole Voting Power (Abigail P. Johnson) (Shares over which Abigail P. Johnson has sole power to vote or direct the vote.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Allison Transmission Holdings Inc (company) — issuer of the common stock
- Indianapolis, IN (location) — business address of Allison Transmission Holdings Inc
- Boston, MA (location) — business address of FMR LLC
Forward-Looking Statements
- FMR LLC will continue to be a significant institutional holder of Allison Transmission Holdings Inc shares. (FMR LLC) — high confidence, target: 2025-02-09
- The slight reduction in percentage ownership by FMR LLC will not significantly impact Allison Transmission's stock price in the short term. (Allison Transmission Holdings Inc) — medium confidence, target: 2024-05-09
FAQ
Who are the primary entities reporting their ownership in Allison Transmission Holdings Inc in this SC 13G/A filing?
The primary entities reporting their ownership are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for each reporting person.
What is the total percentage of Allison Transmission Holdings Inc's common stock beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson each beneficially own 11.113% of the class of common stock, as indicated in Item 11 for both reporting persons.
How many shares of Allison Transmission Holdings Inc common stock does FMR LLC beneficially own?
FMR LLC beneficially owns 9,945,271 shares of common stock, as reported in Item 7 on its cover page and Item 4(a) of the filing.
What is the CUSIP number for Allison Transmission Holdings Inc's common stock?
The CUSIP number for Allison Transmission Holdings Inc's common stock is 01973R101, as stated in the filing's header and Item 2(e).
Where are the principal executive offices of Allison Transmission Holdings Inc located?
The principal executive offices of Allison Transmission Holdings Inc are located at One Allison Way, Indianapolis, IN 46222 USA, as specified in Item 1(b) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding Allison Transmission Holdings Inc (ALSN).