SCHEDULE: Frontier Capital Reports Minor Passive Stake in MRC Global

Frontier Capital Management Co., LLC has filed an amended Schedule 13G, disclosing a 0.00032% beneficial ownership in MRC Global Inc. as of September 30, 2025.

Summary

• Frontier Capital Management Co., LLC filed an Amendment No. 2 to Schedule 13G regarding its beneficial ownership in MRC GLOBAL INC. common stock.
• As of September 30, 2025, Frontier Capital beneficially owned 274 shares of MRC Global Inc. common stock.
• This ownership represents a 0.00032% stake in the class of securities.
• Frontier Capital Management Co., LLC holds sole voting power and sole dispositive power over all 274 shares.
• The securities were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: Neutral, as this is a routine regulatory disclosure of a very small, passive ownership stake and provides no new operational or financial information about the issuer.

Positives

• The filing confirms a passive investment by Frontier Capital Management Co., LLC, indicating no intent to influence or change control of MRC Global Inc.

Negatives

• The reported beneficial ownership of 0.00032% is an extremely small, non-material stake, which does not represent a significant vote of confidence or strategic investment.

Future Outlook

NA

Management Comments

• Securities were acquired and are held in the ordinary course of business.
• Securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer.

Industry Context

NA

Stakeholder Impact

• The impact on shareholders is minimal due to the de minimis nature of the reported stake, indicating no significant change in ownership concentration or potential for activist engagement.

Key Dates

Keywords

MRC Global Inc., FRONTIER CAPITAL MANAGEMENT CO., LLC, Schedule 13G, Common Stock, Beneficial Ownership, Investment Adviser