SCHEDULE: BlackRock Boosts Thryv Holdings Stake to 6.3%
Beneficial Ownership Report
BlackRock, Inc. has reported an increased beneficial ownership of 6.3% in Thryv Holdings, Inc., holding 2,756,510 shares of common stock.
Summary
- BlackRock, Inc. beneficially owns 2,756,510 shares of Thryv Holdings, Inc. common stock.
- This represents 6.3% of the total outstanding common stock of Thryv Holdings, Inc.
- BlackRock, Inc. holds sole voting power over 2,708,993 shares.
- BlackRock, Inc. holds sole dispositive power over 2,756,510 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- Several BlackRock subsidiaries, including BlackRock Advisors, LLC and BlackRock Financial Management, Inc., beneficially own 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The filing is a factual report of beneficial ownership and does not contain qualitative information to assess a positive or negative sentiment beyond the neutral act of reporting a stake.
Positives
- Increased institutional ownership by a major asset manager like BlackRock, Inc. can signal confidence in the company's long-term prospects.
- The filing confirms that BlackRock's stake is for passive investment purposes, not for control, which can provide stability.
Future Outlook
This filing is a report of beneficial ownership and does not contain forward-looking statements or guidance regarding Thryv Holdings, Inc.'s future performance or BlackRock's investment strategy beyond the passive nature of the holding.
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
The filing reflects a significant institutional investment by BlackRock, one of the world's largest asset managers, in Thryv Holdings, Inc. Such filings are common as large funds adjust their portfolio holdings, and a 6.3% stake indicates a notable, albeit passive, position in the company within the broader investment landscape.
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, appointing several individuals as attorneys-in-fact for executing ownership or control-person reporting requirements, including SEC filings. This new Power of Attorney expressly revokes a previous one dated April 30, 2023. | 01/21/2025 | Streamlines the process for BlackRock's designated personnel to fulfill regulatory reporting obligations, ensuring compliance with various governmental and regulatory authorities. |
Stakeholder Impact
- Shareholders: Increased institutional ownership by a prominent asset manager like BlackRock may enhance investor confidence and potentially contribute to stock stability or liquidity.
- Management: The passive nature of BlackRock's stake, as certified in the filing, indicates no immediate intent to influence control, allowing current management to continue executing its strategy without external pressure from this specific shareholder.
Key Dates
| Date | Description |
|---|---|
| 01/21/2025 | Execution date of the new Power of Attorney by BlackRock, Inc. |
| 12/31/2025 | Date of event which requires filing of this statement, reflecting beneficial ownership as of this date. |
| 01/08/2026 | Signature date of the Schedule 13G filing by BlackRock, Inc. |
Keywords
Thryv Holdings, BlackRock, Institutional Ownership, Schedule 13G, Common Stock, Beneficial Ownership, Investment Management
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