[SCHEDULE 13G/A] Hillman Solutions Corp. SEC Filing

Rhea-AI Filing Summary

Kayne Anderson Rudnick Investment Management, LLC reported beneficial ownership of 13,124,553 shares of Hillman Solutions Corp ordinary shares, representing 6.6% of the class. The filing breaks down voting and disposition authority: 7,452,699 shares with sole voting power, 3,223,179 with shared voting power, 9,901,374 with sole dispositive power, and 3,223,179 with shared dispositive power.

The filer identifies as an investment adviser (IA) organized in California and certifies the shares are held in the ordinary course of business and not to change or influence control of the issuer. The document includes the issuer name, class, and CUSIP for reference.

Positive

• Disclosure of 13,124,553 shares, representing 6.6% of the class, which exceeds the 5% reporting threshold and provides market transparency
• Clear breakdown of voting and dispositive authority with 7,452,699 sole voting shares and 9,901,374 sole dispositive shares
• Filer classifies as an investment adviser (IA) and certifies holdings are in the ordinary course of business and not intended to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: Kayne Anderson Rudnick holds a meaningful 6.6% passive stake in HLMN, disclosed with full voting/dispositive breakdown.

The filing documents a sizeable 13.12 million-share position equal to 6.6% of Hillman Solutions' class, which is above the 5% reporting threshold and therefore material for market transparency. The detailed split between sole and shared voting and dispositive powers allows investors to assess the extent of unilateral control versus shared influence. Because the filer certifies the position is held in the ordinary course and not to influence control, this appears to be a passive investment disclosure rather than an activist move.

Corporate Governance Expert

TL;DR: Disclosure is comprehensive and indicates passive intent, reducing immediate governance concerns but increasing shareholder concentration.

The Schedule 13G provides the required transparency on ownership and authority: the combination of sole and shared powers shows potential influence without an explicit control intent. Classification as an investment adviser (IA) and the certification that the stake is not meant to change control are important governance signals. Investors should note the holder’s public declaration of passive intent, but the disclosed stake size is large enough to merit monitoring for any future changes in filing status.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Hillman Solutions Corp

(Name of Issuer)

Hillman Solutions Ord Shs

(Title of Class of Securities)

431636109

(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. 431636109

1

Names of Reporting Persons

Kayne Anderson Rudnick Investment 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

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,452,699.00
6	Shared Voting Power 3,223,179.00
7	Sole Dispositive Power 9,901,374.00
8	Shared Dispositive Power 3,223,179.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,124,553.00

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)

6.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Hillman Solutions Corp
(b)	Address of issuer's principal executive offices: 1280 KEMPER MEADOW DR., CINCINNATI, OH, 45240
Item 2.
(a)	Name of person filing: Kayne Anderson Rudnick Investment Management, LLC
(b)	Address or principal business office or, if none, residence: 2000 Avenue of the Stars, Suite 1110, Los Angeles, 90067, CA, United States
(c)	Citizenship: CALIFORNIA
(d)	Title of class of securities: Hillman Solutions Ord Shs
(e)	CUSIP No.: 431636109
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: 13,124,553
(b)	Percent of class: 6.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7,452,699
	(ii) Shared power to vote or to direct the vote: 3,223,179
	(iii) Sole power to dispose or to direct the disposition of: 9,901,374
	(iv) Shared power to dispose or to direct the disposition of: 3,223,179
Item 5.	Ownership of 5 Percent or Less of a Class.
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.
	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.

Kayne Anderson Rudnick Investment Management, LLC

Signature:	/s/Michael Shoemaker
Name/Title:	Chief Compliance Officer
Date:	08/13/2025

FAQ

How many Hillman Solutions (HLMN) shares does Kayne Anderson Rudnick report owning?

The filing reports 13,124,553 beneficially owned shares of Hillman Solutions ordinary shares.

What percentage of HLMN does the reported stake represent?

The reported position represents 6.6% of the class.

What voting and dispositive powers are disclosed in the Schedule 13G/A?

The filing shows 7,452,699 shares with sole voting power, 3,223,179 with shared voting power, 9,901,374 with sole dispositive power, and 3,223,179 with shared dispositive power.

How does Kayne Anderson Rudnick classify its relationship to Hillman Solutions in the filing?

The filer is identified as an investment adviser (IA) organized in California.

What CUSIP is associated with the reported securities?

The CUSIP listed in the filing is 431636109.

Does the filing state the filer intends to influence control of Hillman Solutions?

No; the filing includes a certification that the securities are held in the ordinary course of business and not to change or influence control of the issuer.

Who signed the Schedule 13G/A on behalf of Kayne Anderson Rudnick?

The filing is signed by Michael Shoemaker, identified as Chief Compliance Officer.