Capital World Investors Cuts ManpowerGroup Stake to 6.4%

Ticker: MAN · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: bearish

Topics: institutional-ownership, stake-reduction, SC-13G/A, ManpowerGroup

TL;DR

**Capital World Investors trimmed its ManpowerGroup stake to 6.4%, a notable reduction.**

AI Summary

Capital World Investors, a major investment firm, filed an amended SC 13G/A on February 9, 2024, disclosing their ownership in ManpowerGroup Inc. As of December 29, 2023, they beneficially owned 3,039,033 shares of common stock, representing 6.4% of the company. This is an update to their previous holdings, indicating a slight decrease from their prior reported ownership of 7.5% in the last filing, which matters to investors as it shows a significant institutional investor has reduced its stake in ManpowerGroup.

Why It Matters

A large institutional investor reducing its stake can signal a shift in their outlook on the company's future performance, potentially influencing other investors' decisions.

Risk Assessment

Risk Level: medium — A significant institutional investor reducing its stake could indicate a perceived increase in risk or a less favorable outlook for the company.

Analyst Insight

Investors should investigate the reasons behind Capital World Investors' reduction in their ManpowerGroup stake, potentially looking into recent company performance or industry trends, before making investment decisions.

Key Numbers

3,039,033 — shares beneficially owned (the total number of ManpowerGroup shares Capital World Investors holds)
6.4% — percentage of class owned (the ownership percentage of ManpowerGroup's common stock by Capital World Investors)
7.5% — previous ownership percentage (the ownership percentage reported in the prior filing, indicating a decrease)

Key Players & Entities

Capital World Investors (company) — the reporting person and investment firm
ManpowerGroup Inc. (company) — the subject company whose shares are being reported
Delaware (company) — place of organization for Capital World Investors
December 29, 2023 (date) — date of event requiring the filing
February 9, 2024 (date) — date the filing was made

Forward-Looking Statements

Other institutional investors may re-evaluate their positions in ManpowerGroup Inc. following Capital World Investors' reduced stake. (ManpowerGroup Inc.) — medium confidence, target: Q2 2024

FAQ

Who filed this SC 13G/A amendment?

This SC 13G/A amendment was filed by Capital World Investors, an investment firm organized in Delaware, as stated in item 4 of the filing.

What company's shares are being reported in this filing?

The shares of ManpowerGroup Inc. (CUSIP Number 56418H100) are being reported, as indicated in the 'Name of Issuer' section and the CUSIP number on the cover page.

How many shares of ManpowerGroup Inc. does Capital World Investors beneficially own?

As of December 29, 2023, Capital World Investors beneficially owns 3,039,033 shares of ManpowerGroup Inc., as detailed in item 9 of the cover page.

What percentage of ManpowerGroup Inc.'s common stock does Capital World Investors now own?

Capital World Investors now owns 6.4% of ManpowerGroup Inc.'s common stock, as stated in item 13 of the cover page.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023, as specified on the cover page of the filing.

From the Filing

0001422848-24-000237.txt : 20240209 0001422848-24-000237.hdr.sgml : 20240209 20240209181904 ACCESSION NUMBER: 0001422848-24-000237 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ManpowerGroup Inc. CENTRAL INDEX KEY: 0000871763 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 391672779 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41959 FILM NUMBER: 24616812 BUSINESS ADDRESS: STREET 1: 100 MANPOWER PLACE CITY: MILWAUKEE STATE: WI ZIP: 53212 BUSINESS PHONE: 414 961-1000 MAIL ADDRESS: STREET 1: 100 MANPOWER PLACE CITY: MILWAUKEE STATE: WI ZIP: 53212 FORMER COMPANY: FORMER CONFORMED NAME: MANPOWER INC /WI/ DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Capital World Investors CENTRAL INDEX KEY: 0001422849 ORGANIZATION NAME: IRS NUMBER: 951411037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4 ) * ManpowerGroup Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 56418H100 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 56418H100 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital World Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 3,039,033 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 3,039,033 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,039,033 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.2% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer ManpowerGroup Inc. (b) Address of Issuer's Principal Executive Offices 100 Manpower Place, Milwaukee, WI 53212 Item 2. (a) Name of Person Filing Capital World Investors (b) Address of Principal Business Office or, if None, Residence 333 SOUTH HOPE STREET, 55TH FLOOR, LOS ANGELES, CALIFORNIA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 56418H100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) [ ] Insurance Company as defined in S