FMR discloses 12.6% Blue Owl Capital (NYSE: OWL) stake

Rhea-AI Filing Summary

FMR LLC has filed an amended Schedule 13G reporting a significant passive stake in Blue Owl Capital Inc. Class A common stock. FMR and related entities beneficially own 83,780,075.10 shares, representing 12.6% of the class as of December 31, 2025.

FMR has sole voting power over 76,256,111.34 shares and sole dispositive power over the full 83,780,075.10 shares. Abigail P. Johnson is reported as beneficial owner with sole dispositive power over the same amount as a control person of FMR. The securities are certified as held in the ordinary course of business and not for the purpose of changing or influencing control of Blue Owl.

Insights

Institutional ownership analyst

FMR reports a 12.6% passive stake in Blue Owl, signalling sizable but non-activist institutional ownership.

FMR LLC and related entities disclose beneficial ownership of 83,780,075.10 Blue Owl Class A shares, or 12.6% of the class as of December 31, 2025. FMR holds sole voting power over 76,256,111.34 shares and sole dispositive power over the full position.

Abigail P. Johnson is listed as a reporting person with sole dispositive power over the same share amount, reflecting her role as a control person of FMR. The filing is made on a Schedule 13G basis, with a certification that the holdings are in the ordinary course of business and not intended to change or influence control of Blue Owl Capital Inc..

The disclosure confirms a large, passive institutional holder rather than an activist stance. Future ownership levels and any transition from a 13G (passive) to a 13D (active) status, if it ever occurred and were disclosed, would be the key developments for investors tracking Blue Owl's shareholder base.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

BLUE OWL CAPITAL INC

(Name of Issuer)

CLASS A COMMON STOCK

(Title of Class of Securities)

09581B103

(CUSIP Number)

12/31/2025

(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. 09581B103

1

Names of Reporting Persons

FMR 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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 76,256,111.34
6	Shared Voting Power 0.00
7	Sole Dispositive Power 83,780,075.10
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

83,780,075.10

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)

12.6 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

CUSIP No. 09581B103

1

Names of Reporting Persons

Abigail P. Johnson

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 0.00
7	Sole Dispositive Power 83,780,075.10
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

83,780,075.10

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)

12.6 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BLUE OWL CAPITAL INC
(b)	Address of issuer's principal executive offices: 399 PARK AVENUE,37TH FLOOR,NEW YORK,NY,USA,10022
Item 2.
(a)	Name of person filing: FMR LLC
(b)	Address or principal business office or, if none, residence: 245 Summer Street, Boston, Massachusetts 02210
(c)	Citizenship: Not applicable
(d)	Title of class of securities: CLASS A COMMON STOCK
(e)	CUSIP No.: 09581B103
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: 83780075.10
(b)	Percent of class: 12.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Please see the responses to Items 5 and 6 on the cover page.
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 83780075.10
	(iv) Shared power to dispose or to direct the disposition of: 0.00
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. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of BLUE OWL CAPITAL INC. No one other person's interest in the CLASS A COMMON STOCK of BLUE OWL CAPITAL INC is more than five percent of the total outstanding CLASS A COMMON STOCK.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See attached Exhibit 99.
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.

FMR LLC

Signature:	Stephanie J. Brown
Name/Title:	Duly authorized under Power of Attorney effective as of January 3, 2023, by and on behalf of FMR LLC and its direct and indirect subsidiaries*
Date:	02/04/2026

Abigail P. Johnson

Signature:	Stephanie J. Brown
Name/Title:	Duly authorized under Power of Attorney effective as of January 26, 2023, by and on behalf of Abigail P. Johnson**
Date:	02/04/2026

Comments accompanying signature: * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 10, 2023, accession number: 0000315066-23-000003. ** This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on January 31, 2023, accession number: 0000315066-23-000038.

Exhibit Information

Please see Exhibit 99 for 13d-1(k) (1) agreement.

FAQ

How many Blue Owl Capital Inc. (OWL) shares does FMR LLC beneficially own?

FMR LLC reports beneficial ownership of 83,780,075.10 shares of Blue Owl Capital Inc. Class A common stock. This position represents a substantial stake and reflects the combined holdings managed by FMR and its subsidiaries as of December 31, 2025.

What percentage of Blue Owl Capital Inc. (OWL) does FMR LLC own according to this Schedule 13G/A?

FMR LLC reports beneficial ownership of 12.6% of Blue Owl Capital Inc. Class A common stock. This percentage is based on the total outstanding Class A shares and indicates FMR is a significant institutional shareholder, though filing on a passive Schedule 13G basis.

Who are the reporting persons in the Blue Owl Capital Inc. (OWL) Schedule 13G/A filing?

The reporting persons are FMR LLC and Abigail P. Johnson. FMR is identified as the parent holding company, while Johnson is reported as a control person with sole dispositive power over the same 83,780,075.10 Blue Owl Class A shares.

Does FMR LLC intend to influence control of Blue Owl Capital Inc. (OWL) with this stake?

No. The certification states the Blue Owl Capital Inc. securities were acquired and are held in the ordinary course of business, and not for the purpose or effect of changing or influencing control of the issuer, consistent with a passive Schedule 13G filing.

What voting and dispositive powers over Blue Owl Capital Inc. (OWL) shares does FMR LLC report?

FMR LLC reports sole voting power over 76,256,111.34 Blue Owl Class A shares and sole dispositive power over 83,780,075.10 shares. It reports no shared voting or shared dispositive power over the issuer’s Class A common stock.

Are there other persons with rights to Blue Owl Capital Inc. (OWL) shares held by FMR LLC?

Yes. The filing notes that one or more other persons have rights to receive dividends or sale proceeds from the Blue Owl Class A shares. However, no single such person’s interest relates to more than 5% of the total outstanding Class A stock.