Fossil Group, Inc. (FOSL) is the subject of a Schedule 13G filing reporting that Philotimo Fund LP, Philotimo Focused Growth & Income Fund, Kanen Wealth Management LLC, and David L. Kanen together form a group holding just over five percent of Fossil’s common stock.
As of September 11, 2026, Philotimo beneficially owned 1,700,699 shares (about 2.9% of outstanding shares) and PHLOX beneficially owned 1,000,746 shares (about 1.7%). Kanen Wealth Management LLC and David L. Kanen each beneficially owned 3,022,258 shares, described as approximately 5.1% of the 59,138,052 shares outstanding as of August 5, 2026. The reporting persons state they may be deemed a “group” under Section 13(d)(3) and each disclaims beneficial ownership of shares not directly owned.
Positive
None.
Negative
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Key Figures
Philotimo Fund LP shares beneficially owned:1,700,699 sharesPhilotimo Fund LP percent of class:2.9%PHLOX shares beneficially owned:1,000,746 shares+5 more
8 metrics
Philotimo Fund LP shares beneficially owned1,700,699 sharesAs of close of business on September 11, 2026
Philotimo Fund LP percent of class2.9%Portion of Fossil common stock outstanding
PHLOX shares beneficially owned1,000,746 sharesAs of close of business on September 11, 2026
PHLOX percent of class1.7%Portion of Fossil common stock outstanding
Kanen Wealth Management LLC percent of class5.1%Portion of Fossil common stock outstanding
Shares outstanding59,138,052 sharesFossil common stock outstanding as of August 5, 2026
KWM managed accounts holdings320,813 sharesHeld in Kanen Wealth Management managed accounts including 3,700 in Mr. Kanen’s personal account
Key Terms
beneficially own, Sole Voting Power, Shared Dispositive Power, Schedule 13G, +1 more
5 terms
beneficially ownfinancial
"may be deemed to beneficially own the Common Stock, par value $0.01"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Sole Voting Powerfinancial
"5 | Sole Voting Power 0.00 6 | Shared Voting Power 1,700,699.00"
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.
Shared Dispositive Powerfinancial
"7 | Sole Dispositive Power 0.00 8 | Shared Dispositive Power 1,700,699.00"
Schedule 13Gregulatory
"Each Reporting Person is a member of a "group" for the purposes of Section 13(d)"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
groupregulatory
"Each Reporting Person is a member of a "group" with the other Reporting Persons"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Fossil Group, Inc. (FOSL) shares does the Kanen-related group report owning?
The reporting persons state that their group may be deemed to beneficially own approximately 5.1% of Fossil Group’s common stock, based on 59,138,052 shares outstanding as of August 5, 2026.
How many Fossil (FOSL) shares does Philotimo Fund LP beneficially own?
As of September 11, 2026, Philotimo Fund LP beneficially owned 1,700,699 shares of Fossil Group, Inc. common stock, representing approximately 2.9% of the outstanding shares.
How many Fossil (FOSL) shares does Philotimo Focused Growth & Income Fund own?
As of September 11, 2026, Philotimo Focused Growth & Income Fund (PHLOX) beneficially owned 1,000,746 shares of Fossil Group, Inc. common stock, representing approximately 1.7% of the outstanding shares.
What is Kanen Wealth Management LLC’s reported stake in Fossil (FOSL)?
Kanen Wealth Management LLC beneficially owned 3,022,258 Fossil shares as of September 11, 2026, described as approximately 5.1% of the outstanding common stock, including shares held by Philotimo, PHLOX, and certain managed accounts.
How many Fossil (FOSL) shares does David L. Kanen beneficially own?
David L. Kanen beneficially owned 3,022,258 Fossil shares as of September 11, 2026, including shares held by Philotimo, PHLOX, managed accounts, and 3,700 shares in his personal account managed by Kanen Wealth Management.
What share count for Fossil (FOSL) is used to calculate the ownership percentages in this Schedule 13G?
The ownership percentages are based on 59,138,052 shares of Fossil Group, Inc. common stock outstanding as of August 5, 2026, as reported in the company’s Form 10-Q filed on August 13, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Fossil Group, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
34988V106
(CUSIP Number)
09/11/2026
(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):
34988V106
1
Names of Reporting Persons
Philotimo Fund, LP
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,700,699.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,700,699.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,700,699.00
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)
2.9 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
34988V106
1
Names of Reporting Persons
Philotimo Focused Growth & Income Fund
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,000,746.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,000,746.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,746.00
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)
1.7 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
34988V106
1
Names of Reporting Persons
Kanen Wealth Management LLC
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
FLORIDA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,022,258.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,022,258.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,022,258.00
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)
5.1 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
34988V106
1
Names of Reporting Persons
Kanen David
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
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,022,258.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,022,258.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,022,258.00
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)
5.1 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Fossil Group, Inc.
(b)
Address of issuer's principal executive offices:
901 S CENTRAL EXPRESSWAY, RICHARDSON, TEXAS, 75080.
Item 2.
(a)
Name of person filing:
This statement is filed by Philotimo Fund LP, a Delaware limited partnership (Philotimo), Philotimo Focused Growth & Income Fund, a series of World Funds Trust, a Delaware statutory trust (PHLOX), Kanen Wealth Management, LLC, a Florida limited liability company (KWM), and David L. Kanen. Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons."KWM is the general partner of Philotimo and the investment manager of PHLOX and certain separately managed accounts (the KWM Managed Accounts). Mr. Kanen serves as the managing member of KWM. By virtue of these relationships, KWM and Mr. Kanen may be deemed to beneficially own the Common Stock, par value $0.01 per share (the Shares), of Fossil Group, Inc. (the Issuer), owned by each of Philotimo, PHLOX and the KWM Managed Accounts and Mr. Kanen.
(b)
Address or principal business office or, if none, residence:
The principal business address of each of Philotimo, KWM, PHLOX and Mr. Kanen is 6810 Lyons Technology Circle, Suite 160, Coconut Creek, FL 33073.
(c)
Citizenship:
Philotimo is organized under the laws of the State of Delaware. PHLOX is a series of World Funds Trust, a statutory trust organized under the laws of the State of Delaware. KWM is organized under the laws of the State of Florida. Mr. Kanen is a citizen of the United States of America.
(d)
Title of class of securities:
Common Stock, par value $0.01 per share
(e)
CUSIP Number(s):
34988V106
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:
As of the close of business on September 11, 2026:
(i) Philotimo beneficially owned 1,700,699 Shares;
(ii) PHLOX beneficially owned 1,000,746 Shares;
(iii) KWM beneficially owned 3,022,258 Shares, consisting of (a) the 1,700,699 Shares owned directly by Philotimo, which KWM may be deemed to beneficially own as the general partner of Philotimo, (b) the 1,000,746 Shares owned directly by PHLOX, which KWM may be deemed to beneficially own as the investment manager of PHLOX, and (c) the 320,813 Shares held in the KWM Managed Accounts, which KWM may be deemed to beneficially own as the investment manager of the KWM Managed Accounts;
(iv) Mr. Kanen beneficially owned 3,022,258 Shares, consisting of (a) the 1,700,699 shares owned directly by Philotimo, which KWM may be deemed to beneficially own as the general partner of Philotimo, (b) the 1,000,746 Shares owned directly by PHLOX, which KWM may be deemed to beneficially own as the investment manager of PHLOX, (c) the 320,813 Shares held in the KWM Managed Accounts, including 3,700 Shares held in Mr. Kanen's personal account and managed by KWM.
Each Reporting Person is a member of a "group" with the other Reporting Persons for the purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, and such group may be deemed to beneficially own the 3,122,258 Shares beneficially owned in the aggregate by all the Reporting Persons, constituting approximately 5.1% of the outstanding Shares. Each Reporting Person disclaims beneficial ownership of the Shares that he or it does not directly own.
(b)
Percent of class:
The aggregate percentage of the Shares reported owned by each person named herein is based upon 59,138,052 Shares outstanding as of August 5, 2026, which is the total number of Shares outstanding as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 13, 2026.
As of the close of business on September 11, 2026:
(i) Philotimo beneficially owned approximately 2.9% of the outstanding Shares;
(ii) PHLOX beneficially owned approximately 1.7% of the outstanding Shares;
(iii) KWM beneficially owned approximately 5.1% of the outstanding Shares; and
(iv) Mr. Kanen beneficially owned approximately 5.1% of the outstanding Shares.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote:
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
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.
Not Applicable
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.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit 99.1.
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 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.
Philotimo Fund, LP
Signature:
Isl David L. Kanen
Name/Title:
David L. Kanen, Managing Member or Kanen Wealth Management LLC, its general partner
Date:
09/17/2026
Philotimo Focused Growth & Income Fund
Signature:
Isl David L. Kanen
Name/Title:
David L. Kanen, Managing Member of Kanen Wealth Management, LLC, its investment manager
