The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed a joint Schedule 13G with the SEC on November 9, 2026, disclosing beneficial ownership of approximately 6.7% of BellRing Brands, Inc. common stock as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Both reporting persons each reported 7,765,822.29 shares of BellRing Brands common stock beneficially owned.
  • Percent of class: The aggregate position represents 6.7% of BellRing Brands common stock outstanding, according to the filing.
  • Shared voting power: Both entities reported shared voting power over 7,762,837.29 shares, with sole voting power of 0.00.
  • Shared dispositive power: Both entities reported shared dispositive power over 7,762,916.29 shares, with sole dispositive power of 0.00.
  • Triggering date: The event requiring the filing occurred on September 30, 2026, per the filing's disclosure.
  • Ordinary course certification: The filing certifies 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."

Goldman Sachs Discloses Passive Stake in BellRing Brands Common Stock

According to the Schedule 13G filed jointly by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC, the two entities disclosed beneficial ownership of 7,765,822.29 shares of BellRing Brands, Inc. (common stock, $0.01 par value per share, CUSIP 07831C103) as of September 30, 2026. The filing identifies The Goldman Sachs Group, Inc. as a Delaware-incorporated parent holding company, and Goldman Sachs & Co. LLC as a New York-based broker-dealer and investment adviser that is a subsidiary of GS Group. Both entities share the same address at 200 West Street, New York, NY 10282.

The filing states that all voting and dispositive power is shared rather than sole. Shared voting power stands at 7,762,837.29 shares, and shared dispositive power stands at 7,762,916.29 shares, for each reporting person. The filing was signed on October 8, 2026, by Ameen Soetan, identified as Attorney-in-fact for both entities.

Exhibit 99.3 included in the filing notes that the reported ownership "reflects the securities beneficially owned by certain operating units (collectively, the 'Goldman Sachs Reporting Units') of The Goldman Sachs Group, Inc. and its subsidiaries and affiliates." The filing further states that the Goldman Sachs Reporting Units "disclaim beneficial ownership" of securities held in certain client accounts and investment entities to the extent described in SEC Release No. 34-39538 (January 12, 1998). BellRing Brands, Inc. is headquartered at 1 N Brentwood Blvd., Suite 1550, Saint Louis, MO 63105, according to the filing.

What Was Disclosed

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC jointly reported a 6.7% beneficial ownership stake in BellRing Brands, Inc., totaling 7,765,822.29 shares, as of a September 30, 2026 triggering event, filed November 9, 2026.