Maple Rock Capital (WGO) reports 5.5% Winnebago Industries stake in Schedule 13G

Rhea-AI Filing Summary

Winnebago Industries Inc. common stock is reported as being beneficially owned by Maple Rock Capital Partners Inc. and Xavier Majic (the Reporting Persons). As of June 30, 2026, they report beneficial ownership of 1,559,231 Winnebago common shares, representing 5.5% of the outstanding class.

The Reporting Persons state they have sole power to vote and dispose of these 1,559,231 shares, with no shared voting or dispositive power. Maple Rock Capital Partners Inc., an SEC-registered investment advisor, notes that its client, Maple Rock Master Fund LP, has the right to receive or direct dividends and sale proceeds from these securities. The Reporting Persons are filing jointly but expressly state they are not members of a group and each disclaims beneficial ownership of the common shares except to the extent of their respective pecuniary interest.

Key Figures

Beneficial ownership: 1,559,231 shares Percent of class: 5.5% Sole voting power: 1,559,231 shares +2 more

5 metrics

Beneficial ownership 1,559,231 shares Common stock beneficially owned as of June 30, 2026

Percent of class 5.5% Percentage of Winnebago common stock class reported owned

Sole voting power 1,559,231 shares Shares over which Reporting Persons have sole power to vote

Shared voting power 0 shares Shares over which Reporting Persons have shared voting power

Sole dispositive power 1,559,231 shares Shares over which Reporting Persons have sole dispositive power

Key Terms

beneficial ownership, Sole Dispositive Power, SEC-registered investment advisor, pecuniary interest, +1 more

5 terms

beneficial ownership financial

"Information with respect to the Reporting Persons' ownership of Common Shares as of June 30, 2026"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

Sole Dispositive Power financial

"Sole Dispositive Power 1,559,231.00 8 | Shared Dispositive Power 0.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

SEC-registered investment advisor financial

"Maple Rock Capital Partners Inc. (the "Manager") is an SEC-registered investment advisor"

A SEC-registered investment advisor is a firm or individual that provides advice about investing and is officially registered with the U.S. Securities and Exchange Commission. They are legally required to put clients’ financial interests ahead of their own, disclose fees and conflicts, and follow record-keeping rules — think of them as a licensed financial coach whose job is to give honest, documented guidance that investors can rely on when making decisions.

pecuniary interest financial

"disclaims beneficial ownership of the Common Shares except to the extent of their respective pecuniary interest"

Schedule 13G regulatory

"The Reporting Persons are filing this jointly, but not as members of a group"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

What percentage of Winnebago Industries (WGO) does Maple Rock report owning?

Maple Rock Capital Partners Inc. and Xavier Majic report beneficial ownership of 5.5% of Winnebago Industries’ common stock, representing 1,559,231 shares as of June 30, 2026, with sole voting and dispositive power over these shares.

How many Winnebago (WGO) shares are beneficially owned by the Reporting Persons?

The Reporting Persons report beneficial ownership of 1,559,231 Winnebago Industries common shares. They indicate sole power to vote and dispose of these shares and no shared voting or dispositive power in this Schedule 13G filing.

Who are the Reporting Persons in the Winnebago (WGO) Schedule 13G filing?

The Reporting Persons are Maple Rock Capital Partners Inc. and Xavier Majic. Maple Rock is a Canadian corporation and SEC-registered investment advisor, while Majic is a Canadian citizen and serves as Chief Investment Officer of Maple Rock.

Which entity receives dividends and sale proceeds from the Winnebago (WGO) shares?

The filing states that Maple Rock Master Fund LP, a client of Maple Rock Capital Partners Inc., has the right to receive or direct the receipt of dividends and sale proceeds from the Winnebago shares covered by the statement.

Do Maple Rock and Xavier Majic file as a group in the Winnebago (WGO) 13G?

They file the Schedule 13G jointly but expressly state they are not members of a group. Each Reporting Person also disclaims beneficial ownership of the shares beyond their respective pecuniary interest.

What voting and dispositive powers are reported over Winnebago (WGO) shares?

The Reporting Persons disclose sole power to vote or direct the vote over 1,559,231 shares and sole power to dispose or direct the disposition of the same number, with zero shared voting or dispositive power.

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Available on EDGAR 08/14/2026 - 04:16 PM Accepted by SEC EDGAR 08/14/2026 - 04:07 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

WINNEBAGO INDUSTRIES INC

(Name of Issuer)

Common Stock, $0.50 par value per share

(Title of Class of Securities)

974637100

(CUSIP Number)

06/30/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 974637100

1

Names of Reporting Persons

Maple Rock Capital Partners Inc.

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

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,559,231.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,559,231.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,559,231.00

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)

5.5 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 974637100

1

Names of Reporting Persons

Xavier Majic

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

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,559,231.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,559,231.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,559,231.00

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)

5.5 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: WINNEBAGO INDUSTRIES INC
(b)	Address of issuer's principal executive offices: 13200 Pioneer Trail, Eden Prairie, MN 55347
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed by Maple Rock Capital Partners Inc. and Xavier Majic (together, the "Reporting Persons").
(b)	Address or principal business office or, if none, residence: 21 St. Clair Avenue East, Suite 1100 Toronto, Ontario, M4T 1L9, Canada
(c)	Citizenship: Maple Rock Capital Partners Inc. is a corporation incorporated under the laws of Canada. Xavier Majic is a citizen of Canada.
(d)	Title of class of securities: Common Stock, $0.50 par value per share
(e)	CUSIP Number(s): 974637100
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: Information with respect to the Reporting Persons' ownership of Common Shares as of June 30, 2026, is incorporated by reference to items (5) - (9) of the cover page of the respective Reporting Person.
(b)	Percent of class: 5.5 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,559,231
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,559,231
	(iv) Shared power to dispose or to direct the disposition of: 0
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. Maple Rock Capital Partners Inc. (the "Manager") is an SEC-registered investment advisor whose client, Maple Rock Master Fund LP, has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities covered by this statement. Mr. Majic is the Chief Investment Officer of the Manager.
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.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group. The Reporting Persons are filing this Schedule 13G jointly, but not as members of a group, and each of them expressly disclaims membership in a group. Further, each of the Reporting Persons disclaims beneficial ownership of the Common Shares except to the extent of their respective pecuniary interest therein.
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.

Maple Rock Capital Partners Inc.

Signature:	/s/ Stephen D. Lane
Name/Title:	Stephen D. Lane, Chief Financial Officer
Date:	08/14/2026

Xavier Majic

Signature:	/s/ Xavier Majic
Name/Title:	Xavier Majic
Date:	08/14/2026

Exhibit Information

Exhibit 1: Joint Filing Agreement, dated August 14, 2026