SCHEDULE: BlackRock Discloses 11.2% Stake in ManpowerGroup Inc.
Schedule 13G Amendment
BlackRock, Inc. has reported a beneficial ownership of 11.2% in ManpowerGroup Inc., holding 5,172,479 common shares as of September 30, 2025.
Summary
- BlackRock, Inc. beneficially owns 5,172,479 shares of ManpowerGroup Inc. common stock.
- This ownership represents 11.2% of ManpowerGroup Inc.'s outstanding common stock.
- BlackRock holds sole voting power over 5,001,159 shares and sole dispositive power over 5,172,479 shares.
- The filing is an Amendment No. 3 to Schedule 13G, indicating ongoing disclosure of BlackRock's passive investment.
- iShares Core S&P Small-Cap ETF, an investment vehicle, holds more than five percent of the total outstanding common stock of ManpowerGroup Inc. through BlackRock's beneficial ownership.
- BlackRock Fund Advisors is identified as a subsidiary beneficially owning 5% or greater of the outstanding shares.
Sentiment
Score: 6
Explanation: The disclosure of a significant, passive institutional stake by BlackRock is generally a neutral to slightly positive signal, indicating continued confidence or a stable investment, rather than a strong directional change.
Positives
- BlackRock, a major institutional investor, holds a significant 11.2% stake in ManpowerGroup Inc., indicating continued institutional confidence in the company.
Future Outlook
The filing is a disclosure of current ownership and does not contain specific forward-looking statements or guidance regarding ManpowerGroup Inc.'s future performance or BlackRock's investment strategy beyond the standard certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.
Industry Context
BlackRock's significant passive stake in ManpowerGroup Inc. reflects its role as a major institutional asset manager, often holding substantial positions across various public companies as part of diversified investment funds, including those tracking small-cap indices like the S&P Small-Cap ETF.
Comparison to Industry Standards
- BlackRock's 11.2% stake in ManpowerGroup Inc. is a substantial institutional holding, typical for a large asset manager like BlackRock which manages numerous funds and ETFs. This level of ownership is common for passive index-tracking funds, such as the iShares Core S&P Small-Cap ETF mentioned, which aims to replicate the performance of its underlying index by holding constituent companies.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Update | BlackRock, Inc. executed a new Power of Attorney on January 21, 2025, granting authority to several individuals to execute and file ownership or control-person reporting requirements. This new Power of Attorney expressly revokes a previous one dated April 30, 2023. | 01/21/2025 | This is an internal administrative update for BlackRock, Inc. to streamline its SEC filing processes, ensuring authorized individuals can act on its behalf for compliance. It does not directly impact ManpowerGroup Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders: BlackRock's significant stake provides a degree of institutional stability and oversight. Its passive nature suggests no immediate intent to influence control, which may reassure other long-term investors.
- Management: The presence of a large institutional investor like BlackRock can influence management decisions through engagement, although its stated passive intent limits direct intervention.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Previous Power of Attorney revoked by BlackRock, Inc. |
| 01/21/2025 | Execution date of the current Power of Attorney by BlackRock, Inc. |
| 09/30/2025 | Date of event which required the filing of this statement. |
| 10/02/2025 | Signature date of the Schedule 13G filing by BlackRock, Inc. |
Keywords
ManpowerGroup Inc., BlackRock Inc., Institutional Ownership, Common Stock, SEC Filing, Schedule 13G, Investment Management, Passive Investment
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