Investment Adviser Reports 14.25M Shares of Americold (COLD) Owned

Rhea-AI Filing Summary

Fuller & Thaler Asset Management, Inc. filed a Schedule 13G reporting beneficial ownership of 14,251,778.92 shares of Americold Realty Trust common stock, representing 5.00% of the class. The filer reports sole voting power for 14,038,953.92 shares and sole dispositive power for 14,251,778.92 shares. Fuller & Thaler states these securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. The filing lists Fuller & Thaler's San Mateo, California address and is signed by Chief Compliance Officer Hanna Zanoni.

Positive

• Material disclosure of a 5.00% stake in Americold provides transparency to the market
• Sole voting and dispositive power documented for the vast majority of the reported shares
• Filer certifies passive intent, stating holdings were not acquired to change or influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: Investment adviser reports a 5.00% stake in Americold, a meaningful passive ownership position.

The filing documents that Fuller & Thaler Asset Management holds 14.25 million shares, equal to 5.00% of Americold's outstanding common stock, with nearly all shares under sole voting and dispositive control. As a Schedule 13G, the disclosure indicates passive ownership held in the ordinary course of business rather than an activist intent to influence control. For investors, a 5% holder is noteworthy because it crosses a common regulatory/materiality threshold that can attract market attention, but the filer explicitly disclaims any intent to change control.

Corporate Governance Expert

TL;DR: Governance disclosure shows a significant passive stake with no stated control objectives.

Fuller & Thaler's certification that the position is held in the ordinary course and not to influence control aligns with the Schedule 13G filing route. The detailed breakdown—14,038,953.92 shares of sole voting power and 14,251,778.92 shares of sole dispositive power—clarifies the adviser’s authority to vote and dispose of the shares. From a governance perspective, this level of ownership warrants monitoring for potential engagement but, per the filing, should be treated as passive ownership until or unless further disclosures indicate a change in intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Americold Realty Trust

(Name of Issuer)

Common Stock

(Title of Class of Securities)

03064D108

(CUSIP Number)

08/31/2025

(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)

SCHEDULE 13G

CUSIP No. 03064D108

1

Names of Reporting Persons

Fuller & Thaler Asset 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

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 14,038,953.92
6	Shared Voting Power 0.00
7	Sole Dispositive Power 14,251,778.92
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,251,778.92

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)

5.00 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Americold Realty Trust
(b)	Address of issuer's principal executive offices: 10 Glenlake Parkway, South Tower Suite 600, Atlanta, GA 30328
Item 2.
(a)	Name of person filing: Fuller & Thaler Asset Management, Inc.
(b)	Address or principal business office or, if none, residence: 411 Borel Avenue, Suite 300, San Mateo, CA 94402
(c)	Citizenship: California corporation
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 03064D108
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: 14,251,778.92
(b)	Percent of class: 5.00 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 14,038,953.92
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 14,251,778.92
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
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. Fuller & Thaler Asset Management, Inc. is deemed to be thebeneficial owner of the number of securities reflected in Items5-9 and 11 of page two (2) of this Schedule 13G pursuant toseparate arrangements whereby it acts as investment adviser tocertain persons. Each person for whom Fuller & Thaler AssetManagement, Inc. acts as investment adviser has the right toreceive or the power to direct the receipt of dividends from,or the proceeds from the sale of, the Common Stock.
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.

Fuller & Thaler Asset Management, Inc.

Signature:	Hanna Zanoni
Name/Title:	Hanna Zanoni,Chief Compliance Officer
Date:	09/05/2025

FAQ

How many Americold (COLD) shares does Fuller & Thaler report owning?

The filer reports beneficial ownership of 14,251,778.92 shares, representing 5.00% of the class.

Does Fuller & Thaler have voting power over the Americold shares?

Yes. The filing shows 14,038,953.92 shares with sole voting power and 0 shared voting power.

Did Fuller & Thaler file this as an active attempt to influence Americold's control?

No. The filer certifies the securities are held in the ordinary course of business and were not acquired to change or influence control.

Who signed the Schedule 13G for Fuller & Thaler?

The filing is signed by Hanna Zanoni, Chief Compliance Officer, dated 09/05/2025.

What address is listed for Fuller & Thaler Asset Management?

The filer’s principal business address is 411 Borel Avenue, Suite 300, San Mateo, CA 94402.