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 2,411,832 shares of Granite Construction Incorporated common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: The three reporting persons each reported 2,411,832 shares of Granite Construction common stock beneficially owned.
  • Percent of class: The reported stake represents 5.51% of the outstanding class.
  • No voting power: None of the three reporting persons holds sole or shared voting power over the shares held by unit investment trusts; those shares are voted by the trustee of the unit investment trusts.
  • Shared dispositive power: All three reporting persons share dispositive power over 2,411,832 shares; First Trust Advisors L.P. and The Charger Corporation also share voting power over 1,979,359 shares.
  • Sole dispositive power for First Trust Portfolios: First Trust Portfolios L.P. reports 432,473 shares under shared dispositive power in its individual schedule block, with zero sole dispositive power.
  • 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' Joint 13G Disclosure on Granite Construction Shares

The Schedule 13G was filed jointly by First Trust Portfolios L.P. (classified as a broker-dealer, or "BD"), First Trust Advisors L.P. (classified as an investment adviser, or "IA"), and The Charger Corporation (classified as a holding company, or "HC"), all organized in Illinois and sharing a principal business address at 120 East Liberty Drive, Suite 400, Wheaton, Illinois 60187. The filing covers common shares of Granite Construction Incorporated, whose principal executive offices are located at 585 West Beach Street, Watsonville, CA 95076, according to the filing.

The filing states that The Charger Corporation serves as the general partner of both First Trust Portfolios L.P. and First Trust Advisors L.P. First Trust Portfolios L.P. acts as sponsor of certain unit investment trusts that hold shares of the issuer, while First Trust Advisors L.P. acts as portfolio supervisor of those same unit investment trusts. The filing notes that "no individual unit investment trust sponsored by First Trust Portfolios L.P. holds more than 3% of any registered investment company issuer's shares." The shares held by unit investment trusts are voted by the trustee and not by the reporting persons themselves.

The filing further explains that the difference between the 2,411,832 aggregate shares reported and the shares held by unit investment trusts represents shares held in "other registered investment companies, pooled investment vehicles and/or separately managed accounts for which First Trust Advisors L.P. serves as investment advisor and/or investment sub-advisor." The filing was signed by James M. Dykas, identified as Chief Financial Officer of First Trust Portfolios L.P. and First Trust Advisors L.P., and as Chief Financial Officer and Treasurer of The Charger Corporation, on October 30, 2026.

What Was Disclosed

Three affiliated Illinois-based entities jointly reported beneficial ownership of 2,411,832 shares of Granite Construction Incorporated common stock, representing 5.51% of the class, as of September 30, 2026, while each disclaiming beneficial ownership of those shares.