BlackRock, Inc. Increases Stake in Cactus, Inc.

BlackRock, Inc. has filed a Schedule 13G/A amendment with the SEC, disclosing an increased ownership in Cactus, Inc. As of September 30, 2025, BlackRock beneficially owns 9,752,293 shares of Cactus, Inc.'s common stock, representing 14.2% of the total outstanding shares. This marks a significant increase from previous filings, with the value of the holdings rising by approximately $8.6 billion and the number of shares increasing by 7,411,870. The filing indicates that BlackRock acquired these shares in the ordinary course of business and not with the intent to influence control of Cactus, Inc. The amendment also includes details about the reporting units and certifications required under SEC regulations.