FMR LLC & Abigail Johnson Maintain 8.274% Stake in UWM Holdings
Ticker: UWMC · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, mortgage-bankers, passive-investment
TL;DR
**FMR LLC and Abigail Johnson still own 8.274% of UWMC, showing continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in UWM Holdings Corp (UWMC) Class A Common Stock. As of February 9, 2024, they collectively beneficially own 7,749,307 shares, representing 8.274% of the company. This filing indicates a slight adjustment in their reported holdings, signaling their continued significant, but not controlling, interest in the mortgage lender. For investors, this means a large institutional holder remains committed, which can be a sign of confidence, but the slight change doesn't suggest a major shift in strategy.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a substantial stake in UWM Holdings Corp, which can be interpreted as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This is an amendment to a routine disclosure filing, indicating stable institutional ownership rather than a significant change that would introduce new risks.
Analyst Insight
A smart investor would note the continued institutional interest from FMR LLC as a stable factor, but recognize that this filing doesn't signal any immediate catalysts or major shifts in company direction or stock performance.
Key Numbers
- 7,749,307 — Shares Beneficially Owned (Total Class A Common Stock shares owned by FMR LLC and Abigail P. Johnson)
- 8.274% — Percent of Class (Percentage of UWM Holdings Corp Class A Common Stock owned by FMR LLC and Abigail P. Johnson)
- 20240209 — Filing Date (Date the SC 13G/A amendment was filed)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- UWM Holdings Corp (company) — issuer of the Class A Common Stock
- 02 Finance (company) — organization name associated with UWM Holdings Corp
Forward-Looking Statements
- FMR LLC will maintain a significant, but non-controlling, stake in UWM Holdings Corp. (FMR LLC) — high confidence, target: Next 12-18 months
- UWM Holdings Corp's stock price will not experience significant volatility directly due to this filing. (UWM Holdings Corp) — high confidence, target: Next 30 days
FAQ
What is the primary purpose of this SC 13G/A filing?
This filing is an amendment (Amendment No.1) to a Schedule 13G, indicating an update to the beneficial ownership of UWM Holdings Corp's Class A Common Stock by FMR LLC and Abigail P. Johnson, filed pursuant to Rule 13d-1(b).
Who are the main reporting persons in this filing?
The main reporting persons are FMR LLC, identified as a parent holding company, and Abigail P. Johnson, who is also listed as a reporting person and is associated with FMR LLC's holdings.
How many shares of UWM Holdings Corp Class A Common Stock do the reporting persons beneficially own?
FMR LLC and Abigail P. Johnson collectively beneficially own 7,749,307 shares of UWM Holdings Corp Class A Common Stock, as stated in Item 4(a) and Item 7 on the cover pages for both reporting persons.
What percentage of UWM Holdings Corp's Class A Common Stock does this beneficial ownership represent?
The 7,749,307 shares represent 8.274% of the Class A Common Stock of UWM Holdings Corp, as indicated in Item 4(b) and Item 11 on the cover pages for both reporting persons.
Where are the principal executive offices of UWM Holdings Corp located?
The principal executive offices of UWM Holdings Corp are located at 585 SOUTH BLVD E, PONTIAC, MI 48341 USA, as stated in Item 1(b) of the filing.
From the Filing
EDGAR Filing Documents for 0000315066-24-001580 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000315066-24-001580 Filing Date 2024-02-09 Accepted 2024-02-09 10:05:20 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G/A 6511 Complete submission text file 0000315066-24-001580.txt 8233 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 0000 Mailing Address 585 SOUTH BLVD E PONTIAC MI 48341 Business Address 585 SOUTH BLVD E PONTIAC MI 48341 800-981-8898 UWM Holdings Corp (Subject) CIK : 0001783398 (see all company filings) EIN. : 842124167 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A | Act: 34 | File No.: 005-91308 | Film No.: 24612636 SIC : 6162 Mortgage Bankers & Loan Correspondents (CF Office: 02 Finance)