Schedule 13G/A: Harris Associates Reports 7.58M Shares of FBIN
Rhea-AI Filing Summary
Harris Associates L.P. and its general partner Harris Associates, Inc. report beneficial ownership of 7,581,775 shares of Fortune Brands Innovations, Inc. common stock, representing 6.3% of the class. The filing is a Schedule 13G/A related to the June 30, 2025 event and shows Harris holds 7,207,534 shares of sole voting power and 7,581,775 shares of sole dispositive power. The filing states these shares arise from advisory relationships and that the holdings are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. Contact and filer addresses are provided for Harris in Chicago.
Positive
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Negative
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Insights
TL;DR: A material passive stake: 6.3% ownership disclosed, held in ordinary course under Schedule 13G/A.
Harris Associates discloses a meaningful position at 6.3% of Fortune Brands Innovations, crossing the common 5% reporting threshold that typically requires public disclosure. The filing lists sole voting and dispositive power consistent with discretionary advisory relationships. Because this is a Schedule 13G/A with a certification the holdings are not intended to influence control, the market impact is typically muted versus a 13D activist disclosure, but the position size is large enough to be relevant to investors and index holders.
TL;DR: Passive investor disclosure; no stated intent to pursue control or governance changes.
The statement explicitly certifies the securities are held in the ordinary course of business and not acquired to change control, which aligns with a passive investor profile under Rule 13d-1. The filing identifies the advisory relationship as the basis for beneficial ownership and provides voting/dispositive power figures. From a governance perspective, this does not constitute an activist signal, but a 6.3% holder can still be consequential in contested votes or major corporate actions.