AQR Discloses 4.99% Holding in ManpowerGroup (MAN)

Rhea-AI Filing Summary

AQR Capital Management and its parent report beneficial ownership of 2,310,704 shares of ManpowerGroup common stock, representing 4.99% of the class. The filing shows shared voting and shared dispositive power over these shares and no sole voting or dispositive power, indicating the stake is managed jointly rather than controlled by a single entity.

The statement categorizes the position as ownership of 5% or less and certifies the shares are held in the ordinary course of business and not to change or influence control of the issuer. The filing also discloses that AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.

Insights

Financial Analyst

TL;DR: AQR holds a non-controlling 4.99% stake in MAN with shared voting power; this is a routine disclosure with limited immediate market impact.

The reported 2,310,704-share position equaling 4.99% is below the 5% threshold that typically triggers greater market scrutiny. Shared voting and dispositive power suggests portfolio or advisory management rather than unilateral control. Because the filing classifies the holding as 5% or less and certifies ordinary-course intent, this is most consistent with a passive institutional stake that may inform but not materially alter governance or strategic decisions at ManpowerGroup.

Corporate Governance Expert

TL;DR: The disclosure shows transparency but no change in control—shared authority and explicit ordinary-course holding mitigate governance concerns.

The schedule identifies both the investment adviser subsidiary and its parent, clarifying internal ownership structure and confirming combined shared voting/dispositive authority. The absence of sole voting or dispositive power and the certification that the position is not intended to influence control indicate no immediate governance activism. Stakeholders should view this as informative ownership reporting rather than an activist or control-seeking move.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

ManpowerGroup Inc.

(Name of Issuer)

Common Stock, $.01 par value

(Title of Class of Securities)

56418H100

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 56418H100

1

Names of Reporting Persons

AQR Capital Management, LLC

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,310,704.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,310,704.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,310,704.00

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)

4.99 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 56418H100

1

Names of Reporting Persons

AQR Capital Management Holdings, LLC

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,310,704.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,310,704.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,310,704.00

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)

4.99 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ManpowerGroup Inc.
(b)	Address of issuer's principal executive offices: 100 MANPOWER PLACE, MILWAUKEE, WISCONSIN 53212
Item 2.
(a)	Name of person filing: AQR Capital Management, LLC AQR Capital Management Holdings, LLC
(b)	Address or principal business office or, if none, residence: ONE GREENWICH PLAZA SUITE 130 Greenwich, Connecticut 06830
(c)	Citizenship: AQR Capital Management, LLC - UNITED STATES AQR Capital Management Holdings, LLC - UNITED STATES
(d)	Title of class of securities: Common Stock, $.01 par value
(e)	CUSIP No.: 56418H100
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).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,310,704
(b)	Percent of class: 4.99 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0
	(ii) Shared power to vote or to direct the vote: AQR Capital Management, LLC - 2,310,704 AQR Capital Management Holdings, LLC - 2,310,704
	(iii) Sole power to dispose or to direct the disposition of: AQR Capital Management, LLC - 0 AQR Capital Management Holdings, LLC - 0
	(iv) Shared power to dispose or to direct the disposition of: AQR Capital Management, LLC - 2,310,704 AQR Capital Management Holdings, LLC - 2,310,704
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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 Item 2(a) 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.

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.

AQR Capital Management, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/14/2025

AQR Capital Management Holdings, LLC

Signature:	Henry Parkin
Name/Title:	Authorized Signatory
Date:	08/14/2025

Exhibit Information

AQR Capital Management Holdings, LLC and AQR Capital Management, LLC hereby agree that this Schedule 13G is filed on behalf of each of the parties. AQR Capital Management, LLC is a wholly owned subsidiary of AQR Capital Management Holdings, LLC.

FAQ

How many ManpowerGroup (MAN) shares does AQR report owning?

AQR reports beneficial ownership of 2,310,704 shares of ManpowerGroup common stock.

What percentage of MAN does AQR's stake represent?

The filing states the position represents 4.99% of the class.

Does AQR have sole voting or dispositive power over the MAN shares?

No. The filing shows 0 sole voting power and 2,310,704 shared voting power; sole dispositive power is also 0 with dispositive power shared.

Is AQR claiming the stake is intended to influence control of ManpowerGroup?

No. The certification states the securities are held in the ordinary course of business and not to change or influence control of the issuer.

Which entities filed the Schedule 13G/A for MAN?

The filing was made by AQR Capital Management, LLC and AQR Capital Management Holdings, LLC, with the filer noting the subsidiary–parent relationship.