Kelly Services Inc: Liechtensteinische Landesbank Aktiengesellschaft and its wholly owned subsidiary LLB Fund Services AG report beneficial ownership of 1,579,739 shares of Class A Common Stock, representing 5.11% of the class as of 03/31/2026. The filing states shared voting and dispositive power over these shares and identifies third‑party subadvisers (BWM AG and Quantex AG) as managers of certain holdings. A Joint Filing Agreement is attached and signatures were provided on 05/13/2026.
Positive
None.
Negative
None.
Insights
LLB/LLB FS report a significant passive stake of 5.11% in KELYA.
The filing shows 1,579,739 shares beneficially owned with shared voting and dispositive power. Ownership is reported on behalf of LLB and its subsidiary and documented as managed in part by unaffiliated subadvisers.
Timing: the position is stated as of 03/31/2026; subsequent filings would show changes. Cash‑flow treatment and intent (passive vs. active) are not specified in the excerpt.
Shared voting/dispositive power and subadviser arrangements merit monitoring for voting coordination.
The Schedule 13G lists shared voting and dispositive power rather than sole control, and notes that BWM AG and Quantex AG manage portions under advisory agreements. The filing includes a Joint Filing Agreement between the Reporting Persons.
Investors may review future filings for any shift in classification or additional disclosures about voting arrangements and beneficial ownership.
Key Figures
Filing type:Schedule 13GShares beneficially owned:1,579,739 sharesPercent of class:5.11%+2 more
5 metrics
Filing typeSchedule 13GOwnership disclosure
Shares beneficially owned1,579,739 sharesas of 03/31/2026
"Item 1. (a) Name of issuer: Kelly Services Inc; form indicated as Schedule 13G"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive powerregulatory
"Item 4. (iv) Shared power to dispose or to direct the disposition of: 1,579,739"
subadviserfinancial
"Certain of the securities reported herein as beneficially owned ... are managed by BWM AG and Quantex AG"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Kelly Services Inc
(Name of Issuer)
Class A Common Stock, par value $1.00 per share
(Title of Class of Securities)
488152208
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
488152208
1
Names of Reporting Persons
Liechtensteinische Landesbank Aktiengesellschaft
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
LIECHTENSTEIN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,579,739.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,579,739.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,579,739.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.11 %
12
Type of Reporting Person (See Instructions)
HC, FI
SCHEDULE 13G
CUSIP Number(s):
488152208
1
Names of Reporting Persons
LLB Fund Services AG
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
LIECHTENSTEIN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,579,739.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,579,739.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,579,739.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.11 %
12
Type of Reporting Person (See Instructions)
FI
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Kelly Services Inc
(b)
Address of issuer's principal executive offices:
999 West Big Beaver Road, Troy, MI, 48084-4782
Item 2.
(a)
Name of person filing:
This filing is being made on behalf of Liechtensteinische Landesbank Aktiengesellschaft ("LLB") and its wholly-owned subsidiary, LLB Fund Services AG ("LLB FS" and, together with LLB, the "Reporting Persons")
(b)
Address or principal business office or, if none, residence:
The principal office of LLB is Stadtle 44, P.O. Box 384, FL-9490 Vaduz, Liechtenstein
The principal office of LLB FS is Aeulestrasse 76, P.O. Box 1238, FL-9490 Vaduz, Liechtenstein
(c)
Citizenship:
Each of LLB and LLB FS is an aktiengesellschaft (limited company) formed in Vaduz, Principality of Liechtenstein
(d)
Title of class of securities:
Class A Common Stock, par value $1.00 per share
(e)
CUSIP Number(s):
488152208
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-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 section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
IA
Item 4.
Ownership
(a)
Amount beneficially owned:
1,579,739
(b)
Percent of class:
5.11 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
0
(ii) Shared power to vote or to direct the vote:
1,579,739
(iii) Sole power to dispose or to direct the disposition of:
0
(iv) Shared power to dispose or to direct the disposition of:
1,579,739
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Certain of the securities reported herein as beneficially owned by the Reporting Persons are managed by BWM AG, pursuant to an investment advisory agreement with LLB FS, and certain other of the securities reported herein are managed by Quantex AG pursuant to an investment advisory agreement with LLB FS. Each such subadvisor is an unaffiliated third-party investment adviser and, accordingly, also may be deemed to beneficially own the securities which it manages.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Items 2 and 3 above.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
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.
By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to IA is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Liechtensteinische Landesbank Aktiengesellschaft
Signature:
/s/ Stefan Rein
Name/Title:
Vice President
Date:
05/13/2026
Signature:
/s/ Sonya Cepe
Name/Title:
Vice President
Date:
05/13/2026
LLB Fund Services AG
Signature:
/s/ Stefan Rein
Name/Title:
Member of the Board of Directors
Date:
05/13/2026
Signature:
/s/ Wolfdieter Schnee
Name/Title:
CEO
Date:
05/13/2026
Exhibit Information
Attached to this Schedule 13G at Exhibit 1 is a Joint Filing Agreement between the Reporting Persons. This Schedule 13G is being filed on behalf of each of them.
What stake does LLB report in Kelly Services (KELYA)?
LLB and LLB Fund Services report beneficial ownership of 1,579,739 shares, equal to 5.11% of Class A common stock as of 03/31/2026. The filing shows shared voting and shared dispositive power over these shares.
Does the Schedule 13G show who manages the reported shares for LLB?
Yes. The filing states portions of the securities are managed by third‑party subadvisers, specifically BWM AG and Quantex AG, under investment advisory agreements with LLB Fund Services AG, and those subadvisers may be deemed to beneficially own the managed securities.
What voting or disposition powers are reported by the filers?
The Reporting Persons disclose 0 shares with sole voting or dispositive power and 1,579,739 shares with shared voting and shared dispositive power, reflecting shared authority to vote and direct disposition of the reported holdings.
When was the Schedule 13G signed and what agreement is attached?
Signatures on the filing are dated 05/13/2026. The filing also attaches a Joint Filing Agreement between the Reporting Persons, indicating they are jointly reporting the beneficial ownership position disclosed in the schedule.
