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Gabelli funds see STRATTEC SECURITY (STRT) stake near 20% after share count drops

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

STRATTEC SECURITY CORP (STRT) is the subject of this Amendment No. 42 to Schedule 13D, reporting updated beneficial ownership by a group of Gabelli-affiliated entities. The reporting persons collectively relate to 786,779 shares of common stock, representing 19.74% of the 3,985,013 shares outstanding as reported in STRATTEC’s Form 10-K for the fiscal year ended June 28, 2026.

The filing states that the higher ownership percentage results solely from a decrease in STRATTEC’s shares outstanding. Within the group, GAMCO Asset Management Inc. reports beneficial ownership of 510,979 shares (12.82%), Gabelli Funds LLC 254,300 shares (6.38%), Gabelli Foundation, Inc. 2,200 shares (0.06%), and Teton Advisors, LLC 19,300 shares (0.48%). The reporting persons indicate they are using the long-form Schedule 13D, even though they may be eligible to file a short-form Schedule 13G, because they may regularly communicate with STRATTEC management and want those communications to remain compliant with Exchange Act reporting obligations.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment adds two disclosed GAMCO sales—500 shares on August 25, 2026 and 10 shares on August 24, 2026—showing transactions by a reporting holder rather than a new issuance by STRATTEC.

Shares beneficially owned (group) 786,779 shares Aggregate number of STRATTEC common shares related to the reporting persons
Ownership percentage (group) 19.74% Portion of 3,985,013 STRATTEC shares outstanding as of June 28, 2026
Shares outstanding 3,985,013 shares STRATTEC common shares outstanding per Form 10-K for fiscal year ended June 28, 2026
GAMCO Asset Management Inc. holdings 510,979 shares (12.82%) Beneficial ownership of STRATTEC common stock
Gabelli Funds LLC holdings 254,300 shares (6.38%) Beneficial ownership of STRATTEC common stock
Gabelli Foundation, Inc. holdings 2,200 shares (0.06%) Beneficial ownership of STRATTEC common stock
Teton Advisors, LLC holdings 19,300 shares (0.48%) Beneficial ownership of STRATTEC common stock
Recent sale prices $78.1500 and $76.7001 per share Sales of 500 and 10 STRATTEC shares by GAMCO Asset Management Inc. on August 25 and 24, 2026
Schedule 13D regulatory
"The Reporting Persons file the long form pursuant to Section 13d-1"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially own financial
"The Reporting Persons beneficially own those Securities as follows"
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.
Investment Advisers Act of 1940 regulatory
"GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act of 1940"
A U.S. federal law that sets rules for people and firms who give investment advice, requiring them to register with regulators, be honest about conflicts, keep records, and follow basic standards of care. It matters to investors because those rules act like licensing and consumer protections — similar to having safety standards for a mechanic — helping ensure advisers act in clients’ financial interests and reducing the risk of fraud or misuse of funds.
Proxy Voting Committee financial
"the Proxy Voting Committee of each Fund shall respectively vote that Funds shares"
UCITS III financial
"The GAMCO International SICAV (sub-funds GAMCO Merger Arbitrage and GAMCO All Cap Value), a UCITS III vehicle"

FAQ

What percentage of STRATTEC SECURITY CORP (STRT) shares is reported in this Schedule 13D/A?

The reporting persons relate to 786,779 shares of STRATTEC SECURITY CORP common stock, representing 19.74% of the 3,985,013 shares outstanding as reported in STRATTEC’s Form 10-K for the fiscal year ended June 28, 2026.

How many STRT shares does GAMCO Asset Management Inc. beneficially own?

GAMCO Asset Management Inc. beneficially owns 510,979 shares of STRATTEC SECURITY CORP common stock, representing 12.82% of the outstanding shares referenced in the filing.

What is Gabelli Funds LLC’s ownership in STRATTEC SECURITY CORP (STRT)?

Gabelli Funds LLC beneficially owns 254,300 shares of STRATTEC SECURITY CORP, which the filing states is 6.38% of the referenced outstanding shares.

Why did the reported ownership percentage in STRT increase according to this 13D/A?

The filing states that the increase in ownership percentage held by the reporting persons is due solely to a decrease in STRATTEC’s shares outstanding, as reported in the company’s Form 10-K filed on August 28, 2026.

Why are the Gabelli-affiliated reporting persons using Schedule 13D instead of Schedule 13G for STRT?

They state they file the long-form Schedule 13D even though they may technically qualify for Schedule 13G because they may regularly communicate with STRATTEC’s management and want those communications to comply with Exchange Act reporting obligations.

Were any recent STRATTEC (STRT) share transactions disclosed in this Schedule 13D/A?

Yes. GAMCO Asset Management Inc. reported two recent sales: 500 shares sold on August 25, 2026 at $78.1500 per share and 10 shares sold on August 24, 2026 at $76.7001 per share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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863111100

(CUSIP Number)
DAVID GOLDMAN
191 MASON STREET,
GREENWICH, CT, 06830
914-921-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/28/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D


GAMCO INVESTORS, INC. ET AL
Signature:DAVID GOLDMAN
Name/Title:CHIEF LEGAL OFFICER
Date:08/31/2026
GABELLI FUNDS LLC
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:08/31/2026
GAMCO Asset Management Inc.
Signature:DOUGLAS R. JAMIESON
Name/Title:PRESIDENT
Date:08/31/2026
GABELLI FOUNDATION, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/31/2026
Teton Advisors, LLC
Signature:DAVID GOLDMAN
Name/Title:COUNSEL
Date:08/31/2026
GGCP, INC.
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/31/2026
Associated Capital Group, Inc.
Signature:DAVID GOLDMAN
Name/Title:GENERAL COUNSEL
Date:08/31/2026
GABELLI MARIO J
Signature:DAVID GOLDMAN
Name/Title:ATTORNEY-IN-FACT
Date:08/31/2026