FMR LLC & Abigail Johnson Maintain 14.999% Stake in Alector Inc.

TL;DR

**FMR LLC and Abigail Johnson still own nearly 15% of Alector, signaling continued conviction.**

AI Summary

FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have filed an amendment to their Schedule 13G, indicating they collectively beneficially own 12,620,404 shares of Alector Inc. common stock, representing 14.999% of the company. This filing, dated February 9, 2024, shows a significant, stable stake in Alector, a biotechnology company. This matters to investors because FMR LLC's continued large ownership suggests confidence in Alector's long-term prospects, potentially signaling stability or future growth to the market.

Why It Matters

FMR LLC's sustained significant ownership in Alector Inc. could be interpreted as a vote of confidence, potentially influencing other investors' perceptions of the stock's stability and future potential.

Risk Assessment

Risk Level: low — This filing indicates a stable, large institutional ownership, which generally reduces volatility and provides a degree of confidence.

Analyst Insight

Investors should note the continued significant institutional ownership by FMR LLC, which can be a sign of long-term confidence in Alector Inc. However, this filing is an amendment and doesn't indicate a new purchase or sale, so it primarily confirms existing ownership rather than signaling new market activity.

Key Numbers

• 12,620,404 — Shares Beneficially Owned (Represents the total number of Alector Inc. common shares FMR LLC and Abigail P. Johnson collectively own.)
• 14.999% — Percent of Class (Indicates the significant portion of Alector Inc.'s common stock held by FMR LLC and Abigail P. Johnson.)

Key Players & Entities

• FMR LLC (company) — Reporting Person, parent holding company
• Abigail P. Johnson (person) — Reporting Person, principal owner of FMR LLC
• Alector, Inc. (company) — Issuer of the common stock
• 12,620,404 (dollar_amount) — Number of shares beneficially owned
• 14.999% (dollar_amount) — Percentage of Alector Inc. common stock owned
• February 9, 2024 (date) — Date of filing

Forward-Looking Statements

• FMR LLC will maintain a significant stake in Alector Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09

FAQ

From the Filing

0000315066-24-000980.txt : 20240209 0000315066-24-000980.hdr.sgml : 20240209 20240209083557 ACCESSION NUMBER: 0000315066-24-000980 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Alector, Inc. CENTRAL INDEX KEY: 0001653087 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 822933343 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-90858 FILM NUMBER: 24611391 BUSINESS ADDRESS: STREET 1: 131 OYSTER POINT BLVD., SUITE 600 CITY: SOUTH SAN FRANCISCO STATE: CA ZIP: 94080 BUSINESS PHONE: 415-231-5660 MAIL ADDRESS: STREET 1: 131 OYSTER POINT BLVD., SUITE 600 CITY: SOUTH SAN FRANCISCO STATE: CA ZIP: 94080 FORMER COMPANY: FORMER CONFORMED NAME: Alector LLC DATE OF NAME CHANGE: 20150915 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FMR LLC CENTRAL INDEX KEY: 0000315066 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 043532603 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175706339 MAIL ADDRESS: STREET 1: 245 SUMMER STREET CITY: BOSTON STATE: MA ZIP: 02210 FORMER COMPANY: FORMER CONFORMED NAME: FMR CORP DATE OF NAME CHANGE: 19920717 SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No.3 ALECTOR INC COMMON STOCK Cusip #014442107 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #014442107 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 12,620,404 Item 6: 0 Item 7: 12,620,404 Item 8: 0 Item 9: 12,620,404 Item 11: 14.999% Item 12: HC Cusip #014442107 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 12,620,404 Item 8: 0 Item 9: 12,620,404 Item 11: 14.999% Item 12: IN Item 1(a). Name of Issuer: ALECTOR INC Item 1(b). Address of Issuer's Principal Executive Offices: 131 OYSTER POINT BLVD., SUITE 600 SOUTH SAN FRANCISCO, CA 94080 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 014442107 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 12,620,404 (b) Percent of Class: 14.999% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 12,620,404 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of ALECTOR INC. The interest of Fidelity Growth Company Commingled Pool, in the COMMON STOCK of ALECTOR INC, amounted to 4,221,151 shares or 5.017% of the total outstanding COMMON STOCK at December 29, 2023. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9.