FMR LLC & Abigail Johnson Maintain 14.999% Stake in Scholar Rock
Ticker: SRRK · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 1727196
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, biotech
TL;DR
**FMR LLC still owns nearly 15% of Scholar Rock, signaling strong institutional backing.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Scholar Rock Holding Corp. As of February 9, 2024, they collectively beneficially own 10,893,303 shares of common stock, representing 14.999% of the company. This is an amendment to a previous filing, indicating a slight adjustment in their holdings, which matters to investors as FMR LLC remains a significant institutional holder, signaling continued confidence or strategic positioning in Scholar Rock's future.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a substantial portion of Scholar Rock, which can be seen as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a degree of stability to the stock.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which suggests a stable long-term outlook from a major player, but this filing itself doesn't indicate a new buying or selling trend.
Key Numbers
- 10,893,303 — Shares Beneficially Owned (Represents the total common stock held by FMR LLC and Abigail P. Johnson in Scholar Rock Holding Corp.)
- 14.999% — Percent of Class (Indicates the significant ownership stake FMR LLC and Abigail P. Johnson have in Scholar Rock Holding Corp.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- Scholar Rock Holding Corp (company) — the issuer of the securities
- 10,893,303 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 14.999% (dollar_amount) — percentage of class beneficially owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will likely maintain its significant ownership stake in Scholar Rock Holding Corp. (FMR LLC) — high confidence, target: Next 12 months
FAQ
Who are the primary reporting persons in this SC 13G/A filing for Scholar Rock Holding Corp?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing.
What is the total number of common stock shares of Scholar Rock Holding Corp beneficially owned by FMR LLC and Abigail P. Johnson?
FMR LLC and Abigail P. Johnson beneficially own 10,893,303 shares of common stock, as detailed in Item 4(a) and Item 7 for both reporting persons.
What percentage of Scholar Rock Holding Corp's common stock class do FMR LLC and Abigail P. Johnson collectively own?
They collectively own 14.999% of the common stock class, as indicated in Item 4(b) and Item 11 for both reporting persons.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as marked with an 'x' in the appropriate box on the cover page.
What is the CUSIP number for Scholar Rock Holding Corp's common stock?
The CUSIP number for Scholar Rock Holding Corp's common stock is 80706P103, as stated in Item 2(e) and on the cover page.
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 Scholar Rock Holding Corp (SRRK).