- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Winona Today
By the People, for the People
LGT Group Foundation Increases Stake in Fastenal Company
Investment firm boosts holding in industrial supply company by 5.1% in Q3
Published on Mar. 9, 2026
Got story updates? Submit your updates here. ›
According to a recent SEC filing, the LGT Group Foundation increased its stake in Fastenal Company (NASDAQ:FAST) by 5.1% during the third quarter. The investment firm now owns 1,119,012 shares of the industrial supply company, representing approximately 0.10% of Fastenal's total outstanding shares.
Why it matters
Fastenal is a major distributor of industrial and construction supplies, including fasteners, tools, and safety equipment. The increase in LGT Group Foundation's stake suggests the investment firm sees continued growth potential in Fastenal's business, which could signal broader confidence in the industrial sector.
The details
The LGT Group Foundation, an investment management firm based in Liechtenstein, reported buying an additional 54,054 shares of Fastenal in the third quarter. This increased the firm's total position to 1,119,012 shares, worth approximately $53.4 million based on Fastenal's stock price at the end of the quarter.
- The SEC filing detailing the increased stake was submitted on March 9, 2026.
- The additional 54,054 shares were purchased during the third quarter of 2025.
The players
LGT Group Foundation
An investment management firm based in Liechtenstein that oversees a global portfolio of assets.
Fastenal Company
A publicly traded wholesale distributor of industrial and construction supplies, best known for its wide range of fasteners and other MRO products.
The takeaway
The increase in LGT Group Foundation's stake in Fastenal suggests the investment firm sees long-term value in the industrial supply company's business model and growth potential, even as the broader economy and markets face uncertainty.
