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  4. [SCHEDULE 13D/A] Fortune Brands Innovations, Inc. Amended Major Shareholder Report

Pictet holds Fortune Brands (NYSE: FBIN) stake, pushes board on strategy

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

Rhea-AI Filing Summary

Fortune Brands Innovations, Inc. (FBIN) is the subject of an amended Schedule 13D filing by Pictet Asset Management, an investment adviser based in Switzerland. Pictet reports managing 5,887,646 FBIN common shares, representing 4.93% of the company’s outstanding common stock, with sole voting power over 5,660,699 shares. The position was acquired on behalf of institutional clients on a discretionary basis at an aggregate purchase cost of approximately USD 320,467,205.08, funded from client assets without borrowing.

Pictet describes the holding as part of its broader investment strategy, which considers long-term strategy, governance quality, financial strength, valuation, and financially material sustainability factors. It states it is actively engaging with FBIN’s board and management to discuss and promote initiatives aligned with these practices, aiming to support improvements that could enhance long-term shareholder value. Pictet says it does not currently seek control of FBIN or intend to acquire shares for that purpose, but it reserves the right to change its intentions and take actions it deems appropriate based on ongoing evaluation.

Positive

  • None.

Negative

  • None.

Filing Explained

Pictet reports recent share sales, while voting authority remains with the manager and economic proceeds belong to institutional clients.

The amended Schedule 13D reports that Pictet Asset Management manages 5,887,646 FBIN shares, with sole voting power over 5,660,699 and sole dispositive power over all 5,887,646; the disclosed activity is secondary-market trading rather than an issuer share issuance.

The transaction table records sales on August 18, 2026 at 45.55 and 45.78 per share, as well as sales on August 14, August 12, and August 10; it also records purchases on July 30 and July 31.

The shares are held for institutional clients, which receive the dividends and sale proceeds; Pictet reports no direct economic interest beyond management and/or performance-based compensation.

Accordingly, the amendment adds transaction-level detail while leaving the disclosed holder mechanics as managed client assets: voting authority is assigned to Pictet, and the economic proceeds belong to the clients.

Shares beneficially owned 5,887,646 shares Common stock of Fortune Brands Innovations, Inc. managed by Pictet Asset Management
Ownership percentage 4.93% Percent of FBIN common stock represented by Pictet Asset Management’s managed shares
Sole voting power 5,660,699 shares FBIN shares over which Pictet Asset Management has sole voting power
Aggregate purchase cost USD 320,467,205.08 Approximate cost of FBIN shares acquired for Pictet’s institutional clients
Percent of class (cover) 4.9% Percent of FBIN common stock reported on the cover page of the schedule
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 5,887,646.00"
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.
discretionary basis financial
"acquired the shares ... on behalf of its institutional clients who are managed on a discretionary basis"
sole voting power financial
"Pictet Asset Management SA has the Sole power to vote on 5,660,699 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
"Sole Dispositive Power 5,887,646.00"
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.
derivative positions financial
"does not have any derivative positions, options, or other financial instruments"
Derivative positions are contracts that derive their value from an underlying asset—such as a stock, bond, currency or commodity—and include instruments like options, futures and swaps. Think of them as bets or insurance tied to an asset’s future price: they let investors amplify returns, hedge risk or take exposure without owning the asset directly, which can meaningfully increase potential gains, losses and volatility in a portfolio.

FAQ

What percentage of Fortune Brands Innovations (FBIN) does Pictet Asset Management report owning?
Pictet Asset Management reports managing 4.93% of Fortune Brands Innovations’ common stock, equal to 5,887,646 shares. This stake is held on behalf of institutional clients whose assets Pictet manages on a discretionary basis.

How many Fortune Brands Innovations (FBIN) shares does Pictet Asset Management have voting power over?
Pictet Asset Management has sole voting power over 5,660,699 FBIN shares out of the 5,887,646 shares it manages. It reports no shared voting or dispositive power over any FBIN shares.

What is the total purchase cost of Pictet Asset Management’s FBIN position?
Pictet states the purchase cost of its clients’ FBIN shares is approximately USD 320,467,205.08. The position was funded from institutional clients’ assets, with no financing or borrowing used for the acquisitions.

Is Pictet Asset Management seeking control of Fortune Brands Innovations (FBIN)?
Pictet states it does not currently have plans to change control of FBIN and is not acquiring shares for that purpose. It does, however, reserve the right to change its intentions in the future.

How does Pictet Asset Management describe its engagement with Fortune Brands Innovations (FBIN)?
Pictet describes itself as actively engaging with FBIN’s board and management to discuss and promote initiatives on strategy, governance, financial strength, valuation, and sustainability, aiming to support enhancements in long-term shareholder value.

Does Pictet Asset Management hold derivatives or options on Fortune Brands Innovations (FBIN)?
Pictet states it does not have any derivative positions, options, or other financial instruments related to FBIN securities. Its exposure is solely through direct stock investments held for its managed institutional clients.

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

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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).


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SCHEDULE 13D






SCHEDULE 13D


PICTET ASSET MANAGEMENT SA
Signature:Karine Valtanen
Name/Title:Global Head of Compliance
Date:08/19/2026

Source: View Original Filing on SEC EDGAR