SCHEDULE 13G/A: BlackRock Boosts Cactus Inc. Stake to 14.2%

BlackRock, Inc. has reported an increased beneficial ownership of 14.2% in Cactus, Inc.'s common stock, holding 9,752,293 shares as of the event date of September 30, 2025.

Summary

• BlackRock, Inc. filed an Amendment No. 7 to Schedule 13G, reporting beneficial ownership of Cactus, Inc. common stock.
• As of September 30, 2025, BlackRock, Inc. beneficially owned 9,752,293 shares of Cactus, Inc. common stock.
• This ownership represents 14.2% of the total outstanding common stock of Cactus, Inc.
• BlackRock, Inc. holds sole voting power over 9,621,307 shares and sole dispositive power over 9,752,293 shares.
• No shared voting or dispositive power was reported.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Cactus, Inc.
• iShares Core S&P Small-Cap ETF, a BlackRock entity, is known to have an interest exceeding 5% of the total outstanding common stock.
• BlackRock Fund Advisors, another BlackRock entity, also beneficially owns 5% or greater of the outstanding shares.

Sentiment

Score: 7

Explanation: The filing indicates a significant and continued institutional investment by BlackRock, Inc. in Cactus, Inc., which is generally a positive signal of confidence from a major asset manager. However, it does not provide operational or financial performance data for Cactus, Inc. to assess a stronger sentiment.

Positives

• Significant institutional ownership by BlackRock, Inc. (14.2%) signals strong confidence from a major asset manager in Cactus, Inc.
• The holding is primarily for investment purposes, indicating a long-term view rather than an activist stance.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding Cactus, Inc.'s financial performance or strategic outlook.

Management Comments

• BlackRock, Inc. 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 of the securities.

Industry Context

Institutional ownership by major asset managers like BlackRock is a common practice in the financial industry. Such significant stakes often reflect a long-term investment strategy and can be viewed as a vote of confidence in the company's fundamentals and future prospects within its sector, which for Cactus, Inc. is likely the oil and gas equipment and services industry.

Stakeholder Impact

• Shareholders: The significant institutional ownership by BlackRock, Inc. may instill greater confidence among existing and potential shareholders, potentially supporting share price stability or growth.

Key Dates

Recommendation

The filing indicates a substantial and continued institutional stake by BlackRock, Inc. in Cactus, Inc., which is a positive indicator of investor confidence. However, a Schedule 13G filing primarily reports ownership and does not provide sufficient financial performance data, strategic updates, or valuation metrics to warrant a 'buy' or 'sell' recommendation. Therefore, a 'hold' recommendation is appropriate, suggesting that investors maintain their current positions based on this ownership update, while awaiting further financial disclosures for a more comprehensive assessment.

Keywords

Cactus Inc., BlackRock, Institutional Ownership, Schedule 13G, Common Stock, Beneficial Ownership, Investment Management, Asset Manager, Oil & Gas Services