Parvus Asset Management Jersey Ltd Increases Stake in Flutter Entertainment to 6.7%

Parvus Asset Management Jersey Limited and its ultimate control person, Edoardo Mercadante, have filed a Schedule 13G/A for Flutter Entertainment plc (FLUT). As of March 31, 2026, the reporting persons disclosed beneficial ownership of 11,615,148 ordinary shares, representing 6.7% of the company's outstanding shares. This filing marks an increase from a previously reported 0.0% position, indicating a significant new stake in the Irish-incorporated gambling operator. Parvus Asset Management Jersey Limited serves as the investment advisor to various funds that directly hold the shares. The filing was submitted as an amendment (Amendment No. 1) and indicates that the shares were acquired in the ordinary course of business, without the intent to change or influence the control of the issuer. The calculation of the ownership percentage is based on 174,400,428 ordinary shares outstanding as reported in the company's April 1, 2026, Form 8-K. All voting and dispositive power regarding these shares is shared between the reporting entities.