American Century Maintains 3.5M Share Stake in Solo Brands

TL;DR

**American Century still owns 3.5M Solo Brands shares, showing continued institutional confidence.**

AI Summary

American Century Investment Management Inc. filed an amended SC 13G/A on February 12, 2024, disclosing its ownership in Solo Brands, Inc. As of December 31, 2023, American Century Capital Portfolios, Inc. held sole voting power over 3,515,000 shares of Solo Brands' Class A Common Stock. This filing indicates a significant institutional stake, which can provide a level of stability and confidence for current and prospective shareholders, as a major investment firm continues to hold a substantial position.

Why It Matters

This filing shows a major institutional investor, American Century, continues to hold a significant stake in Solo Brands, signaling their ongoing confidence in the company's prospects.

Risk Assessment

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

Analyst Insight

Investors should note that a major institutional investor like American Century continues to hold a substantial position in Solo Brands, which can be a positive signal of long-term value, but should still conduct their own due diligence.

Key Numbers

• 3,515,000 — Shares with Sole Voting Power (Represents the number of Solo Brands Class A Common Stock shares American Century Capital Portfolios, Inc. can vote.)

Key Players & Entities

• Solo Brands, Inc. (company) — the subject company whose securities are being reported
• American Century Investment Management Inc. (company) — the entity filing the SC 13G/A
• American Century Capital Portfolios, Inc. (company) — the specific entity within American Century holding the shares
• 3,515,000 (dollar_amount) — number of shares with sole voting power
• December 31, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• American Century Investment Management Inc. will maintain a significant stake in Solo Brands, Inc. for the foreseeable future. (American Century Investment Management Inc.) — medium confidence, target: December 31, 2024

FAQ

From the Filing

0000052388-24-000089.txt : 20240212 0000052388-24-000089.hdr.sgml : 20240212 20240212114324 ACCESSION NUMBER: 0000052388-24-000089 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Solo Brands, Inc. CENTRAL INDEX KEY: 0001870600 STANDARD INDUSTRIAL CLASSIFICATION: [3949] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 871360865 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93365 FILM NUMBER: 24618328 BUSINESS ADDRESS: STREET 1: 1001 MUSTANG DR CITY: GRAPEVINE STATE: TX ZIP: 76051 BUSINESS PHONE: (817) 900-2664 MAIL ADDRESS: STREET 1: 1001 MUSTANG DR CITY: GRAPEVINE STATE: TX ZIP: 76051 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN CENTURY INVESTMENT MANAGEMENT INC CENTRAL INDEX KEY: 0000052388 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 440640487 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 4500 MAIN STREET CITY: KANSAS CITY STATE: MO ZIP: 64111 BUSINESS PHONE: 816-531-5575 MAIL ADDRESS: STREET 1: 4500 MAIN STREET CITY: KANSAS CITY STATE: MO ZIP: 64111 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS RESEARCH CORP DATE OF NAME CHANGE: 19920929 SC 13G/A 1 solobrandsinc13g-a1.htm SC 13G/A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1) * SOLO BRANDS, INC. (Name of Issuer) CLASS A COMMON STOCK (Title of Class of Securities) 83425V104 (CUSIP Number) DECEMBER 31, 2023 (Date of Event Which Requires Filing of this Statement) 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) *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). Page 1 of 9 Pages CUSIP No. 83425V104 1. Names of Reporting Persons American Century Capital Portfolios, Inc. 2. Check the Appropriate Box if a Member of a Group (See Instructions) a) ☐ b) ☐ 3. SEC Use Only 4. Citizenship or Place of Organization Maryland   5. Sole Voting Power 3,515,000 Number of Shares Beneficially 6.   Shared Voting Power  N/A Owned by     Each Reporting Person With: 7.   Sole Dispositive Power 3,515,000   8.   Shared Dispositive Power N/A 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,515,000 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ☐ 11. Percent of Class Represented by Amount in Row (9) 6.08% 12. Type of Reporting Person (See Instructions) IV Page 2 of 9 Pages CUSIP No. 83425V104 1. Names of Reporting Persons American Century Investment Management, Inc. 2. Check the Appropriate Box if a Member of a Group (See Instructions) a) ☐ b) ☐ 3. SEC Use Only 4. Citizenship or Place of Organization Delaware   5. Sole Voting Power 4,617,948 Number of Shares Beneficially 6.   Shared Voting Power  N/A Owned by     Each Reporting Person With: 7.   Sole Dispositive Power 4,813,688   8.   Shared Dispositive Power N/A 9. Aggregate Amount Beneficially Ow