Schedule 13G/A: FMR LLC Reports 11.5% Stake in Xenon Pharmaceuticals
Rhea-AI Filing Summary
Filing: Schedule 13G/A by FMR LLC and Abigail P. Johnson reporting beneficial ownership in XENON PHARMACEUTICALS INC (CUSIP 98420N105). The statement reflects an event date of 06/30/2025 and signature dated 08/05/2025.
Holdings: Aggregate beneficial ownership is 8,824,363 shares, representing 11.5% of the class. On the cover data FMR LLC reports sole voting power of 8,824,348, sole dispositive power of 8,824,363, and zero shared voting/dispositive power. Abigail P. Johnson is reported with sole dispositive power of 8,824,363 and no voting power shown. The filing states the securities were acquired and are held in the ordinary course of business and not to change or influence control of the issuer. Exhibit 99 and Exhibit 24 (power of attorney) are referenced.
Positive
- FMR LLC and Abigail P. Johnson beneficially own 8,824,363 shares (11.5%)
- Filing certifies securities were acquired and are held in the ordinary course and not to influence control
- Specific voting and dispositive power figures are disclosed on the cover page
Negative
- None.
Insights
TL;DR: FMR LLC and Abigail P. Johnson report a sizable 11.5% passive stake in XENE; holdings appear reported as held in the ordinary course.
The filing discloses 8,824,363 shares (11.5%) beneficially owned as of the 06/30/2025 event date, with FMR LLC showing near-parity sole voting and dispositive figures and Abigail P. Johnson listed with sole dispositive power but no voting power. Item 10 certifies the position was not acquired to influence control. For investors, this is material ownership disclosure but the filing explicitly characterizes the position as passive and ordinary-course, and no schedule 13D-level activist intent or additional transactions are disclosed in the document.
TL;DR: A >5% stake is disclosed, but the filing affirms a passive posture and reports no shared control; governance implications appear limited per the statement.
The Schedule 13G/A lists FMR LLC and Abigail P. Johnson as reporting persons and documents specific voting/dispositive figures: FMR LLC sole voting 8,824,348, sole dispositive 8,824,363; Abigail P. Johnson sole dispositive 8,824,363, no voting power. The certification in Item 10 states holdings were not acquired to change or influence control. The filing references Exhibit 99 for the 13d-1(k)(1) agreement and a power of attorney (Exhibit 24) incorporated by reference, which are administrative items relevant to legal form but do not, in this document, indicate governance action.