[SCHEDULE 13G/A] Fox Factory Holding Corp. SEC Filing

Rhea-AI Filing Summary

RWWM, Inc., a California-based registered investment adviser, has filed Amendment No. 2 to Schedule 13G for Fox Factory Holding Corp. (FOXF) dated 30 June 2025.

• Aggregate beneficial ownership: 3,259,077 common shares, equal to 7.81 % of the outstanding class.
• Control structure: RWWM holds sole dispositive power over the full stake but no sole or shared voting power; voting rights reside with underlying clients.
• Related filers include the RWWM Inc. 401(k) Profit Sharing Plan (29,646 shares, 0.07 %) and principals Scott P. Roseman and Aaron J. Wagner, each reporting beneficial ownership of the same 3.26 million-share position through shared dispositive authority.
• The filing is made under Rule 13d-1(b) indicating a passive investment; the certification states the securities were acquired in the ordinary course and not for the purpose of influencing control.

The disclosure confirms that RWWM’s clients, not the adviser, enjoy economic benefits (dividends, sale proceeds) from the shares. No other entities are identified as part of a group, and there is no notice of group dissolution.

Positive

• 7.81 % passive stake from a registered investment adviser may signal increased institutional confidence in FOXF.
• Sole dispositive power consolidated with a professional manager can enhance execution efficiency for large trades.

Negative

• No voting power attached to the stake means the adviser cannot support shareholder initiatives beneficial to minority investors.
• Concentrated disposal authority poses potential overhang risk if large blocks are sold quickly.

Insights

Portfolio Manager

TL;DR: Passive adviser now controls 7.8 % of FOXF, signaling institutional confidence but no governance influence.

RWWM’s 3.26 m-share stake lifts aggregate institutional ownership and may improve trading liquidity. Because the adviser disclaims voting power, the position is unlikely to affect proxy outcomes or strategic direction. Investors could view rising professional money-manager interest as supportive of valuation, yet the absence of activist intent tempers impact. Overall, the filing is informational rather than transformational.

Corporate Governance Analyst

TL;DR: Filing is neutral for control risk; adviser has disposal rights but no voting power.

The Schedule 13G confirms the holding is passive under Rule 13d-1(b). Lack of voting authority and the certification language reduce the probability of governance intervention. Dispositive power concentrated in one adviser can, however, accelerate share overhang risk if clients redeem. The 7.8 % size warrants monitoring but does not immediately alter control dynamics.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

FOX FACTORY HOLDING CORP

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

35138V102

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 35138V102

1

Names of Reporting Persons

RWWM, Inc.

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

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,259,077.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,259,077.00

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)

7.81 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 35138V102

1

Names of Reporting Persons

RWWM Inc. 401k Profit Sharing Plan

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

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 29,646.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

29,646.00

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)

0.07 %

12

Type of Reporting Person (See Instructions)

EP

SCHEDULE 13G

CUSIP No. 35138V102

1

Names of Reporting Persons

Scott P. Roseman

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 29,646.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,259,077.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,259,077.00

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)

7.81 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP No. 35138V102

1

Names of Reporting Persons

Aaron J. Wagner

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 6,117.00
6	Shared Voting Power 29,646.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,259,077.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,259,077.00

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)

7.81 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FOX FACTORY HOLDING CORP
(b)	Address of issuer's principal executive offices: 2055 Sugarloaf Circle, Suite 300, Duluth, GEORGIA 30097
Item 2.
(a)	Name of person filing: RWWM, Inc. RWWM Inc. 401k Profit Sharing Plan Scott P. Roseman Aaron J. Wagner
(b)	Address or principal business office or, if none, residence: 4970 ROCKLIN ROAD, SUITE 200 Rocklin, California 95677
(c)	Citizenship: RWWM, Inc. - CALIFORNIA RWWM Inc. 401k Profit Sharing Plan - CALIFORNIA Scott P. Roseman - UNITED STATES Aaron J. Wagner - UNITED STATES
(d)	Title of class of securities: Common Stock, par value $0.001 per share
(e)	CUSIP No.: 35138V102
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: 3,259,077
(b)	Percent of class: 7.81 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: RWWM, Inc. - 0 RWWM Inc. 401k Profit Sharing Plan - 0 Scott P. Roseman - 0 Aaron J. Wagner - 6,117
	(ii) Shared power to vote or to direct the vote: RWWM, Inc. - 0 RWWM Inc. 401k Profit Sharing Plan - 29,646 Scott P. Roseman - 29,646 Aaron J. Wagner - 29,646
	(iii) Sole power to dispose or to direct the disposition of: RWWM, Inc. - 3,259,077 RWWM Inc. 401k Profit Sharing Plan - 0 Scott P. Roseman - 0 Aaron J. Wagner - 0
	(iv) Shared power to dispose or to direct the disposition of: RWWM, Inc. - 0 RWWM Inc. 401k Profit Sharing Plan - 0 Scott P. Roseman - 3,259,077 Aaron J. Wagner - 3,259,077
Item 5.	Ownership of 5 Percent or Less of a Class.
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. The securities as to which this Schedule is filed by RWWM, Inc., in its capacity as investment adviser, are owned of record by clients of RWWM, Inc. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities.
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.

RWWM, Inc.

Signature:	Aaron J. Wagner
Name/Title:	President
Date:	07/31/2025

RWWM Inc. 401k Profit Sharing Plan

Signature:	Aaron J. Wagner
Name/Title:	Trustee
Date:	07/31/2025

Scott P. Roseman

Signature:	Scott P. Roseman
Name/Title:	Chairman - Senior Portfolio Manager
Date:	07/31/2025

Aaron J. Wagner

Signature:	Aaron J. Wagner
Name/Title:	President
Date:	07/31/2025

FAQ

How many FOXF shares does RWWM, Inc. own?

RWWM reports 3,259,077 shares, representing 7.81 % of outstanding common stock.

Is RWWM’s position in Fox Factory passive or activist?

The filing is under Rule 13d-1(b) with a certification of passive intent; it is not activist.

Does RWWM have voting rights over its FOXF shares?

RWWM reports 0 voting power; voting rights remain with its advisory clients.

Who are the other reporting persons linked to the FOXF stake?

The RWWM Inc. 401(k) Plan, Scott P. Roseman, and Aaron J. Wagner are co-filers due to shared dispositive authority.

What is the CUSIP number for Fox Factory common stock?

The CUSIP disclosed in the filing is 35138V102.