Flutter Entertainment plc disclosed that Parvus Asset Management Jersey Limited and Edoardo Mercadante report beneficial ownership of 11,615,148 Ordinary Shares, representing 6.7% of the class. The percentage is calculated using 174,400,428 Ordinary Shares outstanding as of March 31, 2026. The filing states the shares are held by funds advised by Parvus and that both Reporting Persons have shared voting and shared dispositive power over the 11,615,148 shares.
Positive
None.
Negative
None.
Insights
Parvus reports a significant passive stake of 6.7% in Flutter.
The filing shows 11,615,148 shares held by funds advised by Parvus, with shared voting and dispositive power disclosed. The stake is quantified against March 31, 2026 outstanding shares of 174,400,428, which is the basis for the 6.7% figure.
Cash‑flow treatment and any planned disposals are not stated in the excerpt; subsequent filings or disclosures would be needed for trading plans or changes in ownership.
Disclosure signals a sizable institutional holding with shared control characteristics.
The statement attributes voting and dispositive rights as shared rather than sole, and identifies Mr. Mercadante as a director and the ultimate control person of Parvus. The filing explicitly notes the statement is not an admission of beneficial ownership for Section 13 purposes.
Relevant follow‑ups include any Form 13D amendments or Form 4/Form 5 filings if the nature of control or transactions changes.
Key Figures
Shares held:11,615,148 sharesPercent of class:6.7%Shares outstanding:174,400,428 shares
3 metrics
Shares held11,615,148 sharesBeneficially owned by Parvus-advised funds / reported in Schedule 13G/A
Percent of class6.7%Calculated using outstanding shares as of March 31, 2026
Shares outstanding174,400,428 sharesShares outstanding as of <date>March 31, 2026</date>
"This statement is filed by: Parvus Asset Management Jersey Limited"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficially ownedfinancial
"Amount beneficially owned: The information required by Item 4(a)"
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.
Shared dispositive powerregulatory
"Shared Dispositive Power 11,615,148.00"
CUSIPmarket
"CUSIP No.: G3643J108"
A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Flutter Entertainment plc
(Name of Issuer)
Ordinary Shares, nominal value (euro) 0.09 per share
(Title of Class of Securities)
G3643J108
(CUSIP Number)
03/31/2026
(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):
G3643J108
1
Names of Reporting Persons
Parvus Asset Management Jersey Limited
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
JERSEY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
11,615,148.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
11,615,148.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
11,615,148.00
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)
6.7 %
12
Type of Reporting Person (See Instructions)
IA, OO
SCHEDULE 13G
CUSIP Number(s):
G3643J108
1
Names of Reporting Persons
Edoardo Mercadante
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
ITALY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
11,615,148.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
11,615,148.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
11,615,148.00
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)
6.7 %
12
Type of Reporting Person (See Instructions)
HC, IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Flutter Entertainment plc
(b)
Address of issuer's principal executive offices:
One Madison Avenue, New York, New York, 10010
Item 2.
(a)
Name of person filing:
This statement is filed by:
(i) Parvus Asset Management Jersey Limited, a Jersey private limited company ("Parvus"), with respect to the ordinary shares, nominal value (euro) 0.09 per share ("Ordinary Shares") of Flutter Entertainment plc, a public limited company incorporated in the Republic of Ireland (the "Company"), held by certain funds to which it serves as investment advisor (the "Parvus Funds"); and
(ii) Edoardo Mercadante ("Mr. Mercadante," and together with Parvus, the "Reporting Persons"), a director and the ultimate control person of Parvus, with respect to the Ordinary Shares directly held by the Parvus Fund.
The filing of this statement should not be construed as an admission that any Reporting Person is, for purposes of Section 13 of the Act, the beneficial owner of the securities reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the business office of each of the Reporting Persons is 2nd Floor, No. 4, The Forum, Grenville Street, St. Helier, JE2 4UF
(c)
Citizenship:
Parvus is a Jersey private limited company. Mr. Mercadante is a citizen of Italy.
(d)
Title of class of securities:
Ordinary Shares, nominal value (euro) 0.09 per share
(e)
CUSIP No.:
G3643J108
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:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 174,400,428 Ordinary Shares outstanding as of March 31, 2026 as reported in the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on April 1, 2026.
(b)
Percent of class:
6.7%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
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.
See Item 2(a).
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.
The filing reports 11,615,148 Ordinary Shares, equal to 6.7% of the class based on 174,400,428 shares outstanding as of March 31, 2026. The shares are held by funds advised by Parvus.
Who are the Reporting Persons named in the Schedule 13G/A?
Parvus Asset Management Jersey Limited and Edoardo Mercadante are the reporting persons. Mr. Mercadante is identified as a director and the ultimate control person of Parvus in the filing.
What voting and disposition powers are disclosed?
The filing states the Reporting Persons have shared voting power and shared dispositive power over the 11,615,148 shares. No sole voting or sole dispositive power is reported in the excerpt.
How was the 6.7% ownership percentage calculated?
The percentage is calculated using an aggregate of 174,400,428 Ordinary Shares outstanding as of March 31, 2026, which the filing cites from the company’s Form 8‑K filed April 1, 2026.
Does the filing state whether Parvus will trade or sell shares?
The excerpt does not state any planned trades or sales. It identifies the shares as held by funds advised by Parvus and discloses shared voting/dispositive power; no trading intentions are provided here.
