FMR LLC & Abigail Johnson Hold 13.421% Stake in Privia Health

TL;DR

**FMR LLC and Abigail Johnson still own over 13% of Privia Health, showing they're sticking with the stock.**

AI Summary

FMR LLC, a major investment management firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Privia Health Group, Inc. (ticker not provided in filing). As of February 9, 2024, they collectively beneficially own 15,846,134 shares of common stock, representing 13.421% of the company. This filing, an amendment to a previous SC 13G, indicates a significant, but not controlling, passive investment, which matters to investors as it shows continued confidence from a large institutional holder.

Why It Matters

This filing confirms a substantial, passive institutional investment in Privia Health Group, Inc., signaling continued confidence from a major financial player, which can reassure current and potential shareholders.

Risk Assessment

Risk Level: low — This is an amendment to a passive ownership filing, indicating no immediate change in control or strategy, thus posing low risk.

Analyst Insight

Investors should note the continued significant, but passive, institutional ownership by FMR LLC and Abigail P. Johnson. This suggests stability in the institutional holder base, but doesn't signal any immediate strategic changes or activist intentions. It's a data point for long-term confidence rather than short-term trading.

Key Numbers

• 15,846,134 — Shares Beneficially Owned (Represents the total common stock shares FMR LLC and Abigail P. Johnson collectively own in Privia Health Group, Inc.)
• 13.421% — Percent of Class (Indicates the significant portion of Privia Health Group, Inc.'s common stock 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
• Privia Health Group, Inc. (company) — the issuer of the securities
• 15,846,134 (dollar_amount) — total shares beneficially owned
• 13.421% (dollar_amount) — percentage of class owned

Forward-Looking Statements

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

FAQ

From the Filing

0000315066-24-001454.txt : 20240209 0000315066-24-001454.hdr.sgml : 20240209 20240209094930 ACCESSION NUMBER: 0000315066-24-001454 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: Privia Health Group, Inc. CENTRAL INDEX KEY: 0001759655 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HEALTH SERVICES [8000] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93499 FILM NUMBER: 24612032 BUSINESS ADDRESS: STREET 1: 950 N. GLEBE RD., SUITE 700 CITY: ARLINGTON STATE: VA ZIP: 22203 BUSINESS PHONE: 571-366-8850 MAIL ADDRESS: STREET 1: 950 N. GLEBE RD., SUITE 700 CITY: ARLINGTON STATE: VA ZIP: 22203 FORMER COMPANY: FORMER CONFORMED NAME: PH Group Parent Corp. DATE OF NAME CHANGE: 20181120 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.1 PRIVIA HEALTH GROUP INC COMMON STOCK Cusip #74276R102 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 #74276R102 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 15,844,680 Item 6: 0 Item 7: 15,846,134 Item 8: 0 Item 9: 15,846,134 Item 11: 13.421% Item 12: HC Cusip #74276R102 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: 15,846,134 Item 8: 0 Item 9: 15,846,134 Item 11: 13.421% Item 12: IN Item 1(a). Name of Issuer: PRIVIA HEALTH GROUP INC Item 1(b). Address of Issuer's Principal Executive Offices: 950 N. GLEBE RD., SUITE 700 Arlington, VA 22203 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: 74276R102 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: 15,846,134 (b) Percent of Class: 13.421% (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: 15,846,134 (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 PRIVIA HEALTH GROUP INC. No one other person's interest in the COMMON STOCK of PRIVIA HEALTH GROUP INC is more than five percent of the total outstanding COMMON STOCK. 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. Notice of