FMR LLC Cuts Ralph Lauren ($RL) Stake Below 5% Reporting Threshold to 3.7%

Overview

On November 5, 2026, FMR LLC (alongside Abigail P. Johnson) filed Amendment No. 1 to Schedule 13G with the SEC, disclosing its position in Ralph Lauren Corp ($RL) as of September 30, 2026.

Key Disclosures

• Security: Class A Common Stock (CUSIP: 751212101)
• Aggregate Beneficial Ownership: 1,377,566.41 shares
• Ownership Percentage: 3.7%
• Voting & Dispositive Power:
  • FMR LLC holds sole voting power over 1,352,102.91 shares and sole dispositive power over 1,377,566.41 shares.
  • Abigail P. Johnson holds sole dispositive power over 1,377,566.41 shares and zero voting power.
• Item 5 Notice: FMR LLC certified that as of September 30, 2026, it ceased to be the beneficial owner of more than five percent of Ralph Lauren Corp's Class A Common Stock.

Market Significance

This filing signals a decrease in institutional backing by Fidelity/FMR LLC, crossing down through the 5% threshold to 3.7%. Because the position has dropped below 5%, future passive changes will no longer require standard 13G annual or interim updates unless the filer re-accumulates a position exceeding 5%.