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Pictet reveals 5.32% Fortune Brands Innovations (NYSE: FBIN) holding

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Pictet Asset Management, a Swiss investment adviser, reports beneficial ownership of 6,357,692 shares of Fortune Brands Innovations common stock, representing 5.32% of the outstanding shares, held on behalf of institutional clients it manages on a discretionary basis.

The position cost approximately USD 344,224,327.09, funded entirely from client assets without financing or borrowing. Pictet has sole voting power over 6,112,623 shares and sole dispositive power over the managed position. It is actively engaging with Fortune Brands’ leadership on governance, strategy, financial strength and sustainability topics to support long-term shareholder value, while stating it has no current plans to seek control but may adjust its intentions over time.

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Insights

Analyzing...

Beneficial ownership 6,357,692 shares Pictet Asset Management stake in Fortune Brands Innovations, representing 5.32% of total shares
Ownership percentage 5.32% Portion of Fortune Brands Innovations common stock managed by Pictet Asset Management
Purchase cost USD 344,224,327.09 Approximate aggregate cost of Fortune Brands Innovations shares acquired for institutional clients
Sole voting power 6,112,623 shares Shares of Fortune Brands Innovations over which Pictet Asset Management has sole voting authority
beneficially owned financial
"Aggregate amount <b>beneficially owned</b> by each reporting person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"Pictet Asset Management SA has the <b>Sole power to vote</b> on 6,112,623 shares"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Dispositive Power financial
"Number of Shares Beneficially Owned with Sole <b>Dispositive Power</b>"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
discretionary basis financial
"clients who are managed on a <b>discretionary basis</b>"
financially-material sustainability risks & opportunities financial
"and <b>financially-material sustainability risks & opportunities</b>"

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

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FAQ

What stake in FBIN does Pictet Asset Management report in this Schedule 13D/A?
Pictet Asset Management reports managing 6,357,692 FBIN shares, representing 5.32% of Fortune Brands Innovations’ outstanding common stock. These shares are held for institutional clients under discretionary management rather than for Pictet’s own account.

How much did Pictet Asset Management pay for its FBIN position?
The FBIN position cost approximately USD 344,224,327.09. The purchases were made using assets of Pictet’s institutional clients, and the disclosure states that no financing or borrowing was involved in funding these acquisitions.

Does Pictet Asset Management intend to gain control of Fortune Brands Innovations (FBIN)?
Pictet states it has no current plans or proposals to change control of Fortune Brands Innovations or to buy additional shares for that purpose. It does, however, reserve the right to change its intentions based on future engagement and evaluation.

What voting power does Pictet Asset Management have over its FBIN shares?
Pictet Asset Management has sole voting power over 6,112,623 FBIN shares out of the 6,357,692 shares it manages. This reflects its discretionary authority to vote the stock held in client accounts it manages.

How is Pictet Asset Management engaging with Fortune Brands Innovations (FBIN)?
Pictet is actively engaging with Fortune Brands Innovations on long-term strategy, governance quality, leadership, financial strength, valuation, and financially material sustainability risks and opportunities, seeking to promote initiatives that may enhance the company’s practices and long-term shareholder value.

Whose funds and economic interests underlie Pictet Asset Management’s FBIN holdings?
The FBIN shares are held for institutional clients whose assets Pictet manages on a discretionary basis. Clients are entitled to dividends and sale proceeds, while Pictet’s economic interest is limited to agreed management and performance-based fees.

Does Pictet Asset Management hold derivatives or options on FBIN stock?
The disclosure states that Pictet has no derivative positions, options, or other financial instruments related to Fortune Brands Innovations securities. Its exposure is solely through direct stock investments held in its managed institutional client accounts.



34964C106
(CUSIP Number)
Mathieu Cornu
Route des Acacias 60,
Geneva, V8, 1211
0041583234506
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
07/31/2026
(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on 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).


schemaVersion:


SCHEDULE 13D






SCHEDULE 13D


PICTET ASSET MANAGEMENT SA
Signature:Karine Valtanen
Name/Title:Global Head of Compliance
Date:08/04/2026

Source: View Original Filing on SEC EDGAR