Fossil Group, Inc. (FOSL) is reported to have a new significant shareholder group led by Kanen Wealth Management LLC and David L. Kanen. As of September 11, 2026, this group beneficially owned 3,022,258 shares of Fossil common stock, representing approximately 5.1% of the 59,138,052 shares outstanding as of August 5, 2026.
The holdings include 1,700,699 shares held by Philotimo Fund LP and 1,000,746 shares held by Philotimo Focused Growth & Income Fund, plus 320,813 shares in Kanen-managed accounts, including 3,700 shares in David Kanen’s personal account. The reporting persons state they may be deemed to form a “group” and each disclaims beneficial ownership of shares not directly owned.
Positive
None.
Negative
None.
Key Figures
Group beneficial ownership:3,022,258 sharesGroup ownership percentage:5.1%Philotimo Fund LP holdings:1,700,699 shares+3 more
6 metrics
Group beneficial ownership3,022,258 sharesShares of Fossil Group common stock beneficially owned in aggregate by the reporting group as of September 11, 2026
Group ownership percentage5.1%Approximate percentage of Fossil Group outstanding common shares beneficially owned by the reporting group
Philotimo Fund LP holdings1,700,699 sharesFossil Group common shares beneficially owned by Philotimo Fund LP (about 2.9% of class)
PHLOX holdings1,000,746 sharesFossil Group common shares beneficially owned by Philotimo Focused Growth & Income Fund (about 1.7% of class)
KWM managed accounts320,813 sharesFossil Group common shares held in Kanen Wealth Management-managed accounts, including 3,700 in David Kanen’s personal account
Shares outstanding59,138,052 sharesFossil Group common shares outstanding as of August 5, 2026, used to calculate ownership percentages
Key Terms
beneficially own, Sole Voting Power, Shared Dispositive Power, percent of class, +1 more
5 terms
beneficially ownfinancial
"may be deemed to beneficially own the Common Stock, par value $0.01 per share"
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
"8 | Shared Dispositive Power 3,022,258.00"
percent of classfinancial
"(b) | Percent of class: The aggregate percentage of the Shares reported"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
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.
How much of Fossil Group, Inc. (FOSL) does the Kanen-related group beneficially own?
As of September 11, 2026, the reporting group led by Kanen Wealth Management LLC and David L. Kanen beneficially owned 3,022,258 shares of Fossil Group common stock, representing approximately 5.1% of the outstanding shares, based on 59,138,052 shares outstanding as of August 5, 2026.
What are the individual Fossil (FOSL) holdings of Philotimo Fund and PHLOX?
Philotimo Fund LP beneficially owned 1,700,699 shares of Fossil Group common stock, or about 2.9% of the class. Philotimo Focused Growth & Income Fund (PHLOX) beneficially owned 1,000,746 shares, or about 1.7% of the outstanding shares.
What percentage of Fossil (FOSL) shares is attributed to Kanen Wealth Management LLC and David L. Kanen?
Kanen Wealth Management LLC and David L. Kanen are each reported to beneficially own 3,022,258 shares of Fossil Group common stock, constituting approximately 5.1% of the outstanding shares, including shares held by Philotimo, PHLOX, and Kanen-managed accounts.
How many Fossil (FOSL) shares are held in Kanen-managed accounts and personally by David L. Kanen?
Kanen Wealth Management-managed accounts hold 320,813 shares of Fossil Group common stock, which includes 3,700 shares held in David L. Kanen’s personal account that is managed by Kanen Wealth Management LLC.
On what share count is the reported 5.1% Fossil (FOSL) ownership based?
The reported ownership percentages are based on 59,138,052 shares of Fossil Group common stock outstanding as of August 5, 2026, as referenced from the company’s Form 10-Q. The group’s 3,022,258 shares correspond to approximately 5.1% of this total.
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 3,022,258 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
