Massachusetts Financial Services holds 3.5% P10 (PX) stake in 13G/A

Rhea-AI Filing Summary

Massachusetts Financial Services Company filed an amended Schedule 13G to report its beneficial ownership of P10, Inc. common stock. The firm holds 2,760,396 shares, representing 3.5% of the outstanding common stock as of 12/31/2025. MFS reports sole voting and dispositive power over all these shares and states that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of P10.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

P10, INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

69376K106

(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. 69376K106

1

Names of Reporting Persons

Massachusetts Financial Services Company

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 2,760,396.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,760,396.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,760,396.00

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)

3.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: P10, INC.
(b)	Address of issuer's principal executive offices: 2699 Howell Street, Suite 1000, Dallas, TX 75204
Item 2.
(a)	Name of person filing: Massachusetts Financial Services Company
(b)	Address or principal business office or, if none, residence: 111 Huntington Avenue, Boston, MA 02199
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 69376K106
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: 2,760,396 shares of Common Stock consisting of shares beneficially owned by MFS and/or certain other non-reporting entities
(b)	Percent of class: 3.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2,760,396
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,760,396
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	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.

Massachusetts Financial Services Company

Signature:	Deepu Pylee
Name/Title:	Compliance Director
Date:	01/28/2026

FAQ

What stake in P10 (PX) does Massachusetts Financial Services Company report?

Massachusetts Financial Services Company reports beneficial ownership of 2,760,396 shares of P10, Inc. common stock, representing 3.5% of the class as of December 31, 2025. This reflects a minority, sub-5% institutional position.

Is Massachusetts Financial Services Company trying to influence control of P10 (PX)?

The filing states the P10 shares were acquired and are held in the ordinary course of business and not for changing or influencing control of the issuer. It also notes they are not held in connection with any control-related transaction.

What type of filing did Massachusetts Financial Services make for P10 (PX)?

Massachusetts Financial Services Company submitted an Amendment No. 2 to Schedule 13G regarding P10, Inc. common stock. Schedule 13G is a beneficial ownership report typically used by passive institutional investors below certain control thresholds.

How much voting power does Massachusetts Financial Services have in P10 (PX)?

The firm reports sole voting power over 2,760,396 P10 common shares and no shared voting power. It also has sole dispositive power over the same number of shares, meaning it alone decides how these shares are voted and disposed.

Why does the P10 (PX) filing mention ownership of 5 percent or less?

The ownership section notes "Ownership of 5 percent or less of a class," confirming Massachusetts Financial Services’ P10 stake is under that threshold. This supports use of Schedule 13G for a passive position rather than a control-focused Schedule 13D.