SCHEDULE: FMR LLC Boosts Stake in Cactus Inc. to 13.7%

FMR LLC and Abigail P. Johnson have reported a 13.7% beneficial ownership stake in Cactus Inc.'s Class A Common Stock as of June 30, 2025.

Summary

• FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 9,367,160.46 shares of Cactus Inc.'s Class A Common Stock.
• This aggregate amount represents 13.7% of the outstanding Class A Common Stock.
• FMR LLC holds sole voting power over 9,365,372.00 shares and sole dispositive power over 9,367,160.46 shares.
• Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is deemed to beneficially own the same aggregate amount of shares.
• The filing is an Amendment No. 4 to a Schedule 13G, indicating a change from previous disclosures.
• FMR LLC is classified as a parent holding company, and Abigail P. Johnson as an individual.
• Several FMR LLC subsidiaries and affiliates, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.

Sentiment

Score: 7

Explanation: A significant beneficial ownership stake (13.7%) by a prominent investment firm like FMR LLC, maintained or increased, generally signals confidence in the issuer's long-term prospects. This is a positive indicator for the company's stability and investor perception.

Positives

• A significant beneficial ownership stake of 13.7% by a major institutional investor like FMR LLC and its affiliates signals strong confidence in Cactus Inc.'s long-term prospects.
• The continued substantial holding by FMR LLC suggests stability and a positive outlook from a prominent financial entity.

Risks

• The filing includes a standard certification that the securities were acquired and are held in the ordinary course of business and not for the purpose or with the effect of changing or influencing the control of the issuer, which is a regulatory compliance statement rather than an operational risk.

Future Outlook

NA

Industry Context

This filing reflects a significant institutional investment in Cactus Inc., an oil and gas equipment and services company. Such disclosures are common for publicly traded companies and indicate ongoing investor interest in the energy sector, particularly in companies providing essential services to drilling and completion activities.

Corporate Governance

Related Party Transactions

• The filing discloses the control structure of FMR LLC, where the Johnson family, including Abigail P. Johnson, are predominant owners and form a controlling group. This establishes a related party relationship within the reporting entity (FMR LLC) itself, which is relevant to understanding the beneficial ownership.

Stakeholder Impact

• Shareholders of Cactus Inc. may view the significant and continued stake by a major institutional investor like FMR LLC as a positive signal, potentially bolstering investor confidence and perception of the company's value.
• The disclosure provides transparency to the market regarding significant ownership positions, which is beneficial for all stakeholders.

Key Dates

Recommendation

The filing indicates a substantial beneficial ownership stake by FMR LLC and Abigail P. Johnson in Cactus Inc., representing 13.7% of the Class A Common Stock. This significant institutional holding suggests a degree of confidence in the company. However, as a Schedule 13G primarily discloses ownership, it does not provide detailed financial performance, strategic updates, or operational insights necessary to warrant a 'buy' or 'sell' recommendation. The current information supports maintaining an existing position, reflecting the stability implied by a major institutional investor's continued significant stake.

Keywords

Cactus Inc, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Class A Common Stock, Institutional Investor, Equity Stake, SEC Filing