AQR discloses 3.62% ManpowerGroup (MAN) ownership in Schedule 13G/A
Rhea-AI Filing Summary
AQR Capital Management, LLC and AQR Capital Management Holdings, LLC report beneficial ownership of ManpowerGroup Inc. common stock totaling 1,673,666 shares, representing 3.62% of the outstanding class. Both entities report zero sole voting or dispositive power and shared voting and dispositive power over all 1,673,666 shares.
The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of ManpowerGroup. The investors also note that their ownership is 5 percent or less of the class.
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FAQ
Is AQR trying to influence control of ManpowerGroup (MAN)?
AQR states it is not seeking to change or influence control of ManpowerGroup. The securities were acquired and are held in the ordinary course of business, and not in connection with any transaction intended to affect control of the issuer.
Which AQR entities are listed as reporting persons for ManpowerGroup (MAN)?
The reporting persons are AQR Capital Management, LLC and AQR Capital Management Holdings, LLC. The filing notes that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC, and they jointly file regarding their ManpowerGroup position.
Why does AQR’s ManpowerGroup (MAN) filing mention ownership of 5 percent or less?
The filing specifies ownership of 5 percent or less of the class, consistent with the reported 3.62% stake. This disclosure reflects that AQR’s beneficial ownership is below the 5% threshold commonly used for heightened reporting significance in Schedule 13D/G filings.