Monitor for any future conversion to SC 13D or increased activism, as Kanen Wealth Management has a history of activist campaigns. The passive filing suggests near-term patience, but the 5.1% threshold gives the group leverage if they choose to engage.
Price Chart
Executive Summary
Philotimo Fund, LP, a fund managed by Kanen Wealth Management LLC, filed a new SC 13G disclosing a 5.1% passive stake in Fossil Group, Inc. as of September 11, 2026. The filing indicates no intent to influence control, but the stake is notable given prior 13G filings by Nantahala Capital Management and Miller Value Partners, suggesting continued institutional interest in the stock.
Key Financial Metrics
Key Facts
- Philotimo Fund, LP and related entities beneficially own 3,022,258 shares of Fossil Group common stock, representing 5.1% of shares outstanding.
- The stake is passive under Rule 13d-1(c), with no intent to change or influence control.
- The filing is a new SC 13G, not an amendment, indicating a fresh position.
- Kanen Wealth Management LLC serves as general partner of Philotimo Fund and investment manager of Philotimo Focused Growth & Income Fund and separately managed accounts.
- The percentage is based on 59,138,052 shares outstanding as of August 5, 2026.
Financial Impact
5.1% passive stake valued at approximately $1.8 million based on current price of ~$0.60/share (estimated from market data).
Risk Factors
- Potential conversion to activist filing (SC 13D) could pressure management.
- Fossil Group's declining fundamentals may lead to further stake reduction by other holders.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001688522-26-000005 |
| Document: 0001688522-26-000005-index.html | 0001688522-26-000005 |
| Document: 0001688522-26-000005.txt | 0001688522-26-000005 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 8-K | $7.08 $6.90 | ▼ −2.54% | ▼ −1.56% | $6.41 (−9.46%) |
Oct 6, 2026 20d ago | 3 | $7.06 $7.15 | ▲ +1.27% | ▲ +1.41% | $6.41 (−9.21%) |
Oct 6, 2026 20d ago | 3 | $7.06 $7.15 | ▲ +1.27% | ▲ +1.41% | $6.41 (−9.21%) |
Sep 17, 2026 5w ago | SC 13G | $5.47 $6.20 | ▲ +13.35% | ▲ +12.08% | $6.41 (+17.18%) |
Aug 21, 2026 9w ago | Insider Cluster | $5.57 $4.97 | ▼ −10.77% | ▼ −11.24% | $6.41 (+15.08%) |
Aug 12, 2026 10w ago | 8-K | $5.58 $5.58 | · 0.00% | ▲ +1.96% | $6.41 (+14.87%) |
Jun 19, 2026 18w ago | Institutional Cluster | $4.17 $4.36 | ▲ +4.56% | ▲ +6.63% | $6.41 (+53.72%) |
May 19, 2026 22w ago | Press Release | $3.95 $4.20 | ▼ −6.33% | ▼ −5.09% | $6.41 (−62.28%) |
May 13, 2026 23w ago | 8-K | $4.35 $4.08 | ▼ −6.21% | ▼ −5.49% | $6.41 (+47.36%) |
Apr 27, 2026 26w ago | Press Release | $4.56 $4.34 | ▼ −4.82% | ▼ −6.52% | $6.41 (+40.57%) |
US Market Status
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