First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly filed a Schedule 13G with the SEC on October 30, 2026, disclosing beneficial ownership of 9,878,789 shares of Shoals Technologies Group, Inc. Class A common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: The three reporting persons each report 9,878,789 shares beneficially owned, representing 5.87% of Shoals Technologies Group Class A common stock.
  • Shared dispositive power: All three entities report shared dispositive power over 9,878,789 shares; none reports sole voting or sole dispositive power.
  • Shared voting power: First Trust Advisors L.P. and The Charger Corporation each report shared voting power over 9,652,447 shares; First Trust Portfolios L.P. reports 0 shared voting power.
  • Unit investment trust holdings: First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts holding shares of the issuer; those trust shares are reflected in its shared dispositive power figure of 350,210.
  • Beneficial ownership disclaimed: According to the filing, "Each of First Trust Portfolios L.P., First Trust Advisors L.P. and The Charger Corporation disclaims beneficial ownership of the shares of the issuer identified in this filing."
  • Triggering event date: The event requiring this filing occurred on September 30, 2026.

First Trust Entities Disclose Joint 5.87% Position in Shoals Technologies Class A Shares

According to the Schedule 13G filed on October 30, 2026, three affiliated Illinois-based entities - First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation - jointly reported beneficial ownership of 9,878,789 shares of Shoals Technologies Group, Inc. (NASDAQ:SHLS) Class A common stock, constituting 5.87% of the class. The filing was made jointly pursuant to Rule 13d-1(k)(1), with The Charger Corporation identified as the general partner of both First Trust Portfolios L.P. and First Trust Advisors L.P.

The filing describes the structure of the reported holdings. First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts that hold shares of the issuer, and its shared dispositive power is listed as 350,210 shares. First Trust Advisors L.P. serves as portfolio supervisor of those unit investment trusts and also as investment advisor and/or sub-advisor to other registered investment companies, pooled investment vehicles, and separately managed accounts, which accounts for the difference between its reported dispositive power and the unit investment trust holdings. The filing states that neither First Trust Portfolios L.P., First Trust Advisors L.P., nor The Charger Corporation hold the power to vote the shares held by the unit investment trusts; instead, voting is carried out by the trustee of such trusts.

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." All three entities are organized in Illinois and share the address 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187. The filing was signed by James M. Dykas, Chief Financial Officer, on behalf of all three reporting persons.

What Was Disclosed

Three affiliated First Trust entities filed a joint Schedule 13G reporting aggregate beneficial ownership of 9,878,789 Shoals Technologies Group Class A shares (5.87%) as of September 30, 2026, while each disclaiming beneficial ownership of those shares.