Brandes Investment Partners (AOUT) discloses near-20% stake in American Outdoor Brands

Rhea-AI Filing Summary

Brandes Investment Partners, L.P., as an investment adviser, reports beneficial ownership of 2,226,483 American Outdoor Brands common shares, representing 19.68% of the class. Brandes has shared voting power over 2,226,483 shares and shared dispositive power over 2,461,409 shares, with no sole voting or dispositive power.

Within this total, 1,228,031 shares are held in Brandes Small Cap Value Fund, a series of Datum One Series Trust, which Brandes states represents 9.82% of the class. Brandes files on a joint basis with the Fund but specifies that this does not constitute an admission that they form a group.

Key Figures

Shares beneficially owned by Brandes: 2,226,483 shares Brandes percent of class: 19.68% Shared voting power: 2,226,483 shares +3 more

6 metrics

Shares beneficially owned by Brandes 2,226,483 shares Reported beneficial ownership of American Outdoor Brands common shares

Brandes percent of class 19.68% Percent of American Outdoor Brands common share class owned

Shared voting power 2,226,483 shares Shares over which Brandes has shared power to vote

Shared dispositive power 2,461,409 shares Shares over which Brandes has shared power to dispose

Shares in Brandes Small Cap Value Fund 1,228,031 shares Held in Brandes Small Cap Value Fund, a series of Datum One Series Trust

Fund percent of class 9.82% Interest of the Fund in American Outdoor Brands common share class

Key Terms

beneficial owner, shared voting power, shared dispositive power, Investment Company Act of 1940, +1 more

5 terms

beneficial owner financial

"may be deemed to be the beneficial owner of the shares of the Issuer"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared voting power financial

"Shared power to vote or to direct the vote: 2,226,483"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared power to dispose or to direct the disposition of: 2,461,409"

Investment Company Act of 1940 regulatory

"mutual funds registered under the Investment Company Act of 1940"

A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.

Schedule 13G regulatory

"Brandes has filed this joint 13G on behalf of Brandes and the Fund"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What percentage of American Outdoor Brands (AOUT) shares does Brandes Investment Partners own?

Brandes Investment Partners reports beneficial ownership of 2,226,483 AOUT common shares, representing 19.68% of the outstanding class. This stake reflects Brandes’ role as investment adviser to various funds and accounts holding the issuer’s shares.

How many American Outdoor Brands (AOUT) shares does the Brandes Small Cap Value Fund hold?

The Brandes Small Cap Value Fund holds 1,228,031 AOUT shares. Brandes states this position represents 9.82% of the issuer’s common share class and is part of the larger position it reports as investment adviser.

What voting and dispositive powers does Brandes have over American Outdoor Brands (AOUT) shares?

Brandes reports shared voting power over 2,226,483 AOUT shares and shared dispositive power over 2,461,409 shares, with no sole voting or dispositive power over the issuer’s securities it reports owning.

Does Datum One Series Trust directly own more than 5% of American Outdoor Brands (AOUT)?

Yes. Datum One Series Trust, via Brandes Small Cap Value Fund, is reported to have an interest amounting to 9.82% of AOUT’s common shares. The Fund has rights to receive dividends and sale proceeds for securities in its account.

Are Brandes Investment Partners and the Fund considered a group in this American Outdoor Brands (AOUT) filing?

Brandes explicitly states that filing this joint Schedule 13G on behalf of Brandes and the Fund shall not be construed as an admission that the reporting persons constitute a group for any purpose.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 12:56 PM Accepted by SEC EDGAR 08/14/2026 - 12:55 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

American Outdoor Brands, Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

02875D109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 02875D109

1

Names of Reporting Persons

BRANDES INVESTMENT PARTNERS, LP

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

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,226,483.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,461,409.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,461,409.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

19.7 %

12

Type of Reporting Person (See Instructions)

IA, PN

SCHEDULE 13G

CUSIP Number(s): 02875D109

1

Names of Reporting Persons

Datum One Series Trust

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

MASSACHUSETTS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,228,031.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,228,031.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,228,031.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.8 %

12

Type of Reporting Person (See Instructions)

IV

SCHEDULE 13G

Item 1.
(a)	Name of issuer: American Outdoor Brands, Inc.
(b)	Address of issuer's principal executive offices: 1800 NORTH ROUTE Z, SUITE A, COLUMBIA, MISSOURI, 65202.
Item 2.
(a)	Name of person filing: Brandes Investment Partners, L.P.
(b)	Address or principal business office or, if none, residence: 4275 Executive Square, 5th Floor, La Jolla, CA 92037
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 02875D109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,226,483 See Note 1 Note 1: Brandes Investment Partners, LP, an investment adviser registered under Section 203 of the Investment Advisors Act of 1940, furnishes investment advice to mutual funds registered under the Investment Company Act of 1940 (Funds). Each Fund is a series of the Datum One Series Trust. Brandes also serves as investment adviser or sub-adviser to certain other commingled funds and separate accounts (Accounts) and may be deemed to be the beneficial owner of the shares of the Issuer held by the Accounts and Funds. 1,228,031 of the 2,226,483 shares beneficially owned by Brandes are held in Brandes Small Cap Value Fund, a series of Datum One Series Trust. Brandes has filed this joint 13G on behalf of Brandes and the Fund, pursuant to Rule 13d-1(k). Neither the filing of this statement nor anything herein shall be construed as an admission that the reporting persons constitute a group.
(b)	Percent of class: 19.68%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2,226,483
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 2,461,409
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Fund described in Note 1 above has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the securities held in their respective accounts. To the knowledge of Brandes, the interest of the Fund amounts to 9.82% of the class of securities.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BRANDES INVESTMENT PARTNERS, LP

Signature:	/s/ Glenn Carlson
Name/Title:	Executive Director
Date:	08/13/2026

Datum One Series Trust

Signature:	/s/ Rodney Ruehle
Name/Title:	Chief Compliance Officer
Date:	08/13/2026