FMR discloses 6.2% UWM Holdings (NYSE: UWMC) stake in 13G/A
Rhea-AI Filing Summary
FMR LLC filed an amended Schedule 13G reporting its beneficial ownership of Class A common stock of UWM Holdings Corp. The filing shows FMR LLC and Abigail P. Johnson beneficially owning 15,921,118.35 shares, representing 6.2% of the outstanding Class A common stock as of the event date.
The filing states these securities were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the company. One or more other persons may receive dividends or sale proceeds from these shares, but no single such person holds more than five percent of the class.
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FAQ
What ownership stake in UWMC does FMR LLC report in this Schedule 13G/A?
FMR LLC reports beneficial ownership of 15,921,118.35 shares of UWM Holdings Corp Class A common stock, representing 6.2% of the class. This reflects holdings controlled by FMR LLC and, indirectly, by Abigail P. Johnson as disclosed in the ownership tables.
Who are the reporting persons in the UWMC Schedule 13G/A filing?
The reporting persons are FMR LLC and Abigail P. Johnson. FMR LLC is organized in Delaware, while Johnson is a United States citizen. Both report beneficial ownership over the same 15,921,118.35 Class A shares of UWM Holdings Corp, or 6.2% of the class.
Does FMR LLC state any intent to influence control of UWMC in this filing?
The filing certifies the securities were acquired and are held in the ordinary course of business, not to change or influence control of UWM Holdings Corp. It also states they are not held in connection with any control-related transaction, other than activities tied to director nominations under relevant rules.
How much UWMC stock does Abigail P. Johnson directly vote or dispose of?
Abigail P. Johnson reports no sole or shared voting power over UWMC shares but reports sole dispositive power over 15,921,118.35 shares. This aligns with her indirect control relationship to FMR LLC, which manages and votes the UWM Holdings Corp Class A shares.