FIL Limited, Pandanus Partners, L.P., and Pandanus Associates, Inc. filed a Schedule 13G Amendment No. 2 with the SEC on November 4, 2026, disclosing a combined beneficial ownership position in Open Text Corporation common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: FIL Limited and the related reporting persons each reported 22,035,000 shares of Open Text Corporation common stock beneficially owned.
  • Percent of class: The 22,035,000 shares represent 9.1% of Open Text Corporation's total outstanding common stock as of September 30, 2026.
  • Sole dispositive power: FIL Limited holds sole dispositive power over all 22,035,000 shares; shared dispositive power is reported as 0.
  • FIL Limited sole voting power: FIL Limited reported sole voting power over 22,035,000 shares; Pandanus Partners and Pandanus Associates each reported 0 sole voting power.
  • Fidelity Canadian Large Cap Fund sub-interest: According to the filing, Fidelity Canadian Large Cap Fund's interest in Open Text Corporation common stock amounted to 12,300,000 shares, or 5.1% of total outstanding common stock, at September 30, 2026.
  • Reporting persons: Three entities filed jointly - FIL Limited (organized in Bermuda), Pandanus Partners, L.P. (Delaware), and Pandanus Associates, Inc. (Delaware).

FIL Limited's Amendment No. 2 Filing on Open Text Corporation Ownership

According to the Schedule 13G Amendment No. 2, FIL Limited, a Bermuda-organized financial institution, together with Pandanus Partners, L.P. and Pandanus Associates, Inc., disclosed beneficial ownership of 22,035,000 shares of Open Text Corporation (NASDAQ:OTEX) common stock (CUSIP 683715106). The event date triggering the filing is stated as September 30, 2026, and the statement was signed on November 4, 2026.

The filing reports that FIL Limited holds sole voting power and sole dispositive power over all 22,035,000 shares. Pandanus Partners, L.P. and Pandanus Associates, Inc. each report 0 sole voting power but 22,035,000 shares of sole dispositive power, with shared voting and shared dispositive power each listed as 0 for all three reporting persons. The filing identifies Pandanus Associates, Inc. as a corporate entity (type CO) and Pandanus Partners, L.P. as a partnership (type PN), with FIL Limited categorized as a financial institution (type FI).

The filing further discloses that "one or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of OPEN TEXT CORPORATION." Specifically, the interest of Fidelity Canadian Large Cap Fund in Open Text Corporation common stock is stated as 12,300,000 shares, or 5.1% of total outstanding common stock, at September 30, 2026. The filing certifies that the securities "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."

What Was Disclosed

FIL Limited and two affiliated entities filed a Schedule 13G amendment reporting 22,035,000 shares, or 9.1%, of Open Text Corporation common stock as of September 30, 2026, with FIL Limited holding all sole voting and dispositive power over those shares.