SCHEDULE 13G/A: BlackRock Amends Cactus Inc. Stake to 14.2%
Beneficial Ownership Report
BlackRock, Inc. has filed an amendment to its Schedule 13G, reporting a 14.2% beneficial ownership stake in Cactus, Inc. common stock as of September 30, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 9,752,293 shares of Cactus, Inc. Common Stock.
- This represents 14.2% of the total outstanding class of securities.
- BlackRock 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 filing is an Amendment No. 7 to a Schedule 13G, filed under Rule 13d-1(b).
- iShares Core S&P Small-Cap ETF, an entity within BlackRock's structure, holds more than 5% of Cactus, Inc. common stock.
- An updated Power of Attorney, executed on January 21, 2025, was included, revoking a previous one dated April 30, 2023.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a neutral, mandatory disclosure of beneficial ownership. It does not inherently convey positive or negative sentiment about the issuer's performance or prospects, but rather reflects an institutional investor's portfolio position.
Future Outlook
This filing does not provide forward-looking statements or guidance for Cactus, Inc.
Industry Context
This filing reflects a routine disclosure by a major institutional investor, BlackRock, regarding its passive stake in Cactus, Inc. Such disclosures are common for large asset managers who hold significant positions across numerous public companies, indicating their portfolio allocation rather than a specific strategic move related to the issuer's industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. updated its Power of Attorney, effective January 21, 2025, revoking the previous one from April 30, 2023. This document authorizes specific individuals to execute and file ownership or control-person reporting requirements on behalf of BlackRock and its subsidiaries. | 2025-01-21 | This is an internal governance update for BlackRock, streamlining its compliance processes for SEC filings. It has no direct impact on Cactus, Inc.'s corporate governance. |
Stakeholder Impact
- This filing primarily impacts shareholders of Cactus, Inc. by providing transparency regarding a significant institutional holder's stake. It confirms BlackRock's continued substantial investment, which can be viewed as a vote of confidence by a major asset manager.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, now revoked. |
| 2025-01-21 | Effective date of the new Power of Attorney for BlackRock, Inc. |
| 2025-09-30 | Date of event which requires the filing of this statement. |
| 2025-10-17 | Date of filing/signature by BlackRock, Inc. |
Keywords
Cactus Inc., BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Equity Stake, 14.2%
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