SUBJECT-2324.dossier · company · status: active
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subject of file

Stagwell Inc

Public advertising holding company traded on NASDAQ as STGW
Tracked because Public advertising holding company traded on NASDAQ as STGW · 39 documented connections
Facts on record14
Connections mapped39
Sources cited50
✦ Thin coverage gap +57 connected to 39 entities · only 14 facts on record · flagged for follow-up research
Evidence: 8P 1S 5I
Network web → Timeline → Compare with… → Position Drift → Coverage tone → View on Graph → View Card → Export CSV JSON Dossier ← Entity Directory
Stated vs Revealed
No documented contradictions on file.
[PUBLIC COST ESTIMATE]
Documented financial relationships span 0 money flow chains, while 10 elected officials hold documented connections.
0Money Chains
0Traced Hops
Connected Officials
Calculation Methodology

Contract values are summed from documented money flow chains where this entity appears as a source or destination node. Amounts are drawn from USASpending.gov, FEC filings, SEC EDGAR, or LD-2 lobbying registrations.

Donor contributions aggregate documented amounts from the donor_interests table, sourced from FEC individual and PAC contribution filings.

Connected officials are elected officials in our database with a mapped relationship (lobbying, board membership, campaign contribution, etc.) to this entity.

Annualised flow represents the total documented dollar amount traced through money flow hops involving this entity. Where hop-level amounts are unavailable, the chain-level documented total is used as a conservative upper bound.

All figures are drawn from public filings. Estimates are conservative — undisclosed transactions, dark money, and vanish-point hops are excluded from totals. This is a minimum documented floor, not a ceiling.

PATTERN organization → [donor] → person → [contractor] → company 657× PATTERN organization → [donor] → elected official → [none identif... 378× PATTERN company → [note - no connection found] → elected official... 378× PATTERN organization → [donor] → elected official → [note - no co... 378× PATTERN company → [none identified] → elected official → [donor] ... 378×
Connection Map
Key Connections
→ MDC Partners Inc company
merger/parent
Stagwell Inc was formed through the combination of Stagwell Marketing Group and MDC Partners, completed on August 2, 2021.
→ Anomaly company
subsidiary
Anomaly is a known subsidiary brand of Stagwell Inc.
→ YML company
subsidiary
YML is a known subsidiary brand of Stagwell Inc.
→ Assembly company
subsidiary
Assembly is a known subsidiary brand of Stagwell Inc.
→ ForwardPMX company
subsidiary
ForwardPMX is a known subsidiary brand of Stagwell Inc.
→ Gale company
subsidiary
Gale is a known subsidiary brand of Stagwell Inc.
→ HUNTER company
subsidiary
HUNTER is a known subsidiary brand of Stagwell Inc.
→ NRG company
subsidiary
NRG is a known subsidiary brand of Stagwell Inc.
Facts (14)
Data Freshness
Ageing Last update: 159d ago · Avg age: 936d
Confidence Tiers: Primary Source — cross-referenced government/corporate filings Pending Review — sourced but not independently verified AI Inference — analytical hypothesis from cross-referencing
✓ Verified Findings (9)
Independently re-checked: a second model read the source artifact and confirmed it supports the extracted claim.
✓ verified Partially Corroborated Stagwell Inc filed filing with the SEC on 2023-05-19. Accession number: N/A.
✓ verified Primary Source Known subsidiary brands include 72andSunny, Anomaly, Doner, Forsman & Bodenfors, Code and Theory, YML, Instrument, Locaria, Assembly, ForwardPMX, Gale, Allison+Partners, SKDK, HUNTER, Harris Poll, and NRG
✓ verified Primary Source Stagwell Inc. was formed through the combination of Stagwell Marketing Group and MDC Partners, completed on August 2, 2021
✓ verified Primary Source Stagwell Inc is incorporated in Delaware with CIK number 0000876883 and files under ticker symbol STGW
✓ verified Primary Source Stagwell generally has rights to increase ownership of non-wholly owned subsidiaries to 100% over a defined period of time
Date: 2023-03-06 Added: 11 Apr 2026 ↗ RECORDS: 2023 10-K filing
✓ verified Primary Source Stagwell maintains 100% ownership position in substantially all of its Brands, with remainder being majority owned with management owning remaining equity
Date: 2023-03-06 Added: 11 Apr 2026 ↗ SOURCE: 2023 10-K filing
✓ verified Primary Source Stagwell Inc's operating entities are involved in legal proceedings and regulatory inquiries of various types as disclosed in Q3 2024 10-Q filing
✓ verified Primary Source Stagwell Inc's 2023 10-K filing was submitted to SEC on March 6, 2023 for period ending December 31, 2022
Date: 2023-03-06 Added: 11 Apr 2026 ↗ SOURCE: SEC EDGAR database filing index
✓ verified Primary Source Stagwell Inc filed its most recent 10-K annual report on March 11, 2025 for the period ending December 31, 2024
Date: 2025-03-11 Added: 11 Apr 2026 ↗ SOURCE: SEC EDGAR filing record
All Connections (39)
subsidiary confirmed
Stagwell Marketing Group LLC is the primary operating subsidiary
→ Invariant institution
unknown, no confirmed relationship possible
No evidence found in SEC filings connecting Stagwell to Invariant as subsidiary · No evidence found of Invariant being a Stagwell subsidiary
→ 72andSunny company
subsidiary confirmed
Creative agency subsidiary
→ Code and Theory company
subsidiary confirmed
Digital transformation firm subsidiary
→ Harris Poll company
subsidiary confirmed
Market research firm subsidiary
→ MDC Partners Inc company
merger/parent primary since 2021
Stagwell Inc was formed through the combination of Stagwell Marketing Group and MDC Partners, completed on August 2, 2021.
→ Anomaly company
subsidiary primary since 2021
Anomaly is a known subsidiary brand of Stagwell Inc.
→ YML company
subsidiary primary since 2021
YML is a known subsidiary brand of Stagwell Inc.
→ Assembly company
subsidiary primary since 2021
Assembly is a known subsidiary brand of Stagwell Inc.
→ ForwardPMX company
subsidiary primary since 2021
ForwardPMX is a known subsidiary brand of Stagwell Inc.
→ Gale company
subsidiary primary since 2021
Gale is a known subsidiary brand of Stagwell Inc.
→ HUNTER company
subsidiary primary since 2021
HUNTER is a known subsidiary brand of Stagwell Inc.
→ NRG company
subsidiary primary since 2021
NRG is a known subsidiary brand of Stagwell Inc.
→ Securities and Exchange Commission government agency
regulator, regulatory_filing primary since 2022
Stagwell Inc files reports with the SEC, including a filing on 2023-05-19, a 10-K on March 11, 2025 for period ending December 31, 2024, and a 10-K on March 6, 2023 for period ending December 31, 2022. · Stagwell Inc. filed a filing with the SEC on 2023-05-19, confirming public company disclosure obligations.
→ Mark Jeffery Penn person
individual, employment secondary since 2023
Mark Penn is likely associated with Stagwell Inc as CEO (public knowledge supports this, and the name appears adjacent to Stagwell in the known entities list, though no explicit connection is documented in provided facts). · Mark Jeffery Penn is the CEO and a co-founder of Stagwell Inc., having led the company since its inception and subsequent merger with MDC Partners.
subsidiary confirmed
Midas OpCo Holdings LLC is a wholly-owned subsidiary of Stagwell Inc
subsidiary primary since 2023
Stagwell Inc. is the successor or parent entity that includes or succeeded The Stagwell Group LLC, a marketing and communications holding company.
→ Stagwell Media LP company
subsidiary secondary since 2023
Stagwell Media LP is a subsidiary entity within the Stagwell Inc. corporate structure, focusing on media operations.
→ RepDef Holdings LLC company
subsidiary secondary since 2023
RepDef Holdings LLC is a holding entity related to the reputation and defense practice within Stagwell Inc.
→ Create Group company
subsidiary, acquired_by primary since 2024
Create Group is a creative production agency owned by Stagwell Inc. · Create Group was fully acquired by Stagwell in December 2024 and subsequently integrated into the Code and Theory Network.
employment/leadership secondary since 2023
Heather Miller Podesta, a lobbyist and political strategist, is associated with Stagwell Inc. through its subsidiary SKDK and her own firm Heather + Partners, which is linked to the group.
→ Global Counsel institution
corporate relationship inferential since 2023
Stagwell Inc. and Global Counsel may have a relationship through shared personnel or advisory arrangements, given the overlap in political and strategic consulting.
→ WPP company
competitor secondary since 2023
Stagwell Inc. and WPP are major competitors in the global advertising and marketing communications industry, with overlapping agency portfolios and client bases.
← Instrument company
subsidiary primary since 2026
Instrument is listed among the agencies under Stagwell Inc, which is a marketing and communications holding company.
← Doner company
subsidiary secondary since 2026
Doner is listed as a subsidiary or agency within the Stagwell group of companies, which includes Stagwell Inc., Stagwell Marketing Group LLC, and various marketing agencies such as 72andSunny, Anomaly, Code and Theory, etc.
← David Schweikert person
unknown_possible_connection inferential since 2023
Stagwell Inc appears in the known entities list; Schweikert's fundraising breakdown shows significant 'other' contributions (20.49%) but no direct link to Stagwell is documented in the provided facts.
← Locaria company
subsidiary secondary since 2026
Locaria is listed as a subsidiary/member of Stagwell Inc, part of the Stagwell marketing and communications network alongside agencies like 72andSunny, Code and Theory, and Harris Poll.
subsidiary primary since 2025
SKDK (SKDKnickerbocker) is listed as a subsidiary under Stagwell Inc in the known entities database. Stagwell Inc. is a parent company that owns multiple marketing and communications agencies including SKDK.
← Chuck Schumer elected official
Associated Organization, Associated Entity inferential since 2026
Listed in close proximity to Chuck Schumer within the same untrusted data block, suggesting a documented business or political association context. · Chuck Schumer appears in close proximity to Stagwell Inc. in the known entities list, suggesting a connection, though the specific nature is not documented.
← Dina Titus person
listed entity match inferential since 2020
Stagwell Inc appears in the known entities list. The facts do not document a direct connection to Dina Titus, but her campaign donor patterns connect to the broader political marketing ecosystem; no specific documented relationship found in provided facts.
← James P. McGovern person
contractor inferential since 2024
Stagwell Inc. (via its subsidiary SKDK) is listed in the known entities; SKDK is a political consulting firm that could be associated with McGovern's campaign operations.
← Hakeem Jeffries elected official
note - no connection found, none_identified inferential since 2026
Entity appears in known database but no supported connection in provided facts. · Entity appears in known entities list and Jeffries' facts mention his pre-Congress media-industry career at Viacom and CBS Broadcasting and later Judiciary subcommittee role on Courts, Intellectual Property and the Internet, but no direct connection to Stagwell is documented in the provided facts.
← Zac Moffatt person
employment, affiliation primary since 2025
On December 4, 2025, Stagwell named Moffatt its first Global Chair of Communications and Advocacy, overseeing agencies including Targeted Victory and others. · Connection documented in FINDING-2026-009
← General Dynamics company
potential lobbying intermediary inferential since 2024
Stagwell is a marketing and lobbying firm; General Dynamics' lobbying gap may involve use of intermediary firms, though direct connection not documented in provided facts.
← Jefferson Van Drew person
donor inferential since 2024
No direct documented connection. However, Van Drew's fundraising includes Finance/Insurance/Real Estate sectors, and Stagwell is a marketing/consulting firm, but no specific contribution or contract is mentioned in the facts.
← JetFuel company
subsidiary primary since 2025
JetFuel was acquired by Stagwell and became a subsidiary of TEAM agency in May 2025
← Forsman & Bodenfors company
subsidiary primary since 2025
Forsman & Bodenfors is listed as an entity under Stagwell Inc, a marketing and communications holding company.
← The Messina Group company
affiliation inferential since 2025
The Messina Group is listed in close proximity to Stagwell Inc. in the known entities database, along with other consulting and political firms, suggesting potential business or network connections.
← Janelle S. Bynum person
potential_relationship secondary since 2025
No direct connection in provided facts; Stagwell Inc. is a known entity in database but no documented link to Bynum.
Sources (50)
2023-03-06 ↗ SEC EDGAR: 10-K — Stagwell Inc (2023-03-06) sec_filing Processed 📜 Receipt
2024-03-11 ↗ SEC EDGAR: 10-K — Stagwell Inc (2024-03-11) sec_filing Processed 📜 Receipt
2022-03-17 ↗ SEC EDGAR: filing — Stagwell Inc (2022-03-17) sec_filing Processed 📜 Receipt
2022-03-17 ↗ SEC EDGAR: 10-K — Stagwell Inc (2022-03-17) sec_filing Processed 📜 Receipt
2022-02-11 ↗ SEC EDGAR: SC 13G/A — Stagwell Inc (2022-02-11) sec_filing Processed 📜 Receipt
2024-03-11 ↗ SEC EDGAR: 10-K — Stagwell Inc (2024-03-11) sec_filing Processed 📜 Receipt
2023-05-19 ↗ SEC EDGAR: filing — Stagwell Inc. (2023-05-19) sec_filing Processed 📜 Receipt
2022-03-17 ↗ SEC EDGAR: 10-K — Stagwell Inc (2022-03-17) sec_filing Processed 📜 Receipt
2023-05-19 ↗ SEC EDGAR: SC 13D/A — Stagwell Inc (2023-05-19) sec_filing Processed 📜 Receipt
2023-03-06 ↗ SEC EDGAR: 10-K — Stagwell Inc (2023-03-06) sec_filing Processed 📜 Receipt
2021-08-04 ↗ SEC EDGAR: filing — Stagwell (2021-08-04) sec_filing Processed 📜 Receipt
2020-06-26 ↗ SEC EDGAR: filing — Stagwell (2020-06-26) sec_filing Processed 📜 Receipt
2023-03-06 ↗ SEC EDGAR: filing — Stagwell Inc. (2023-03-06) sec_filing Processed 📜 Receipt
2026-05-10 UNVERIFIED SEARCH_ERROR: Stagwell Inc. not found in opencorporates claim_flag Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc. — IRS Form 990 filings (no results) form_990 Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc. — USASpending contracts (no results) contract Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc. — Lobbying disclosures (no results) government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc. — Court records (no results) court_document Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc. — Corporate registrations (no results) government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc. — Parliamentary records (no results) parliamentary_record Processed 📜 Receipt
2021-08-06 ↗ SEC EDGAR: SC 13D/A — Stagwell Inc (2021-08-06) sec_filing Processed 📜 Receipt
2020-12-23 ↗ SEC EDGAR: filing — Stagwell (2020-12-23) sec_filing Processed 📜 Receipt
2023-05-19 ↗ SEC EDGAR: SC 13D/A — Stagwell Inc (2023-05-19) sec_filing Processed 📜 Receipt
2022-02-11 ↗ SEC EDGAR: SC 13G/A — Stagwell Inc (2022-02-11) sec_filing Processed 📜 Receipt
2021-08-06 ↗ SEC EDGAR: filing — Stagwell Inc (2021-08-06) sec_filing Processed 📜 Receipt
2022-02-11 ↗ SEC EDGAR: filing — Stagwell Inc (2022-02-11) sec_filing Processed 📜 Receipt
2026-05-09 UNVERIFIED SEARCH_ERROR: Stagwell Inc not found in opencorporates claim_flag Processed 📜 Receipt
2023-03-06 ↗ SEC EDGAR: filing — Stagwell Inc (2023-03-06) sec_filing Processed 📜 Receipt
2023-05-19 ↗ SEC EDGAR: filing — Stagwell Inc (2023-05-19) sec_filing Processed 📜 Receipt
2022-02-11 ↗ SEC EDGAR: filing — Stagwell Inc. (2022-02-11) sec_filing Processed 📜 Receipt
2021-08-06 ↗ SEC EDGAR: filing — Stagwell Inc. (2021-08-06) sec_filing Processed 📜 Receipt
2023-05-10 ↗ SEC EDGAR: filing — Stagwell (2023-05-10) sec_filing Processed 📜 Receipt
2025-03-11 ↗ SEC EDGAR: filing — Stagwell (2025-03-11) sec_filing Processed 📜 Receipt
2022-03-17 ↗ SEC EDGAR: filing — Stagwell Inc. (2022-03-17) sec_filing Processed 📜 Receipt
2021-08-06 ↗ SEC EDGAR: SC 13D/A — Stagwell Inc (2021-08-06) sec_filing Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc — Parliamentary records (no results) parliamentary_record Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc — Court records (no results) court_document Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc — Lobbying disclosures (no results) government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc — Corporate registrations (no results) government_disclosure Processed 📜 Receipt
2026 UNVERIFIED Research: Stagwell Inc — USASpending contracts (no results) contract Processed 📜 Receipt
2023-05-19 ↗ SEC EDGAR: filing — Stagwell Inc (2023-05-19) web_search Processed 📜 Receipt
2021 ↗ Official company press releases and Wikipedia listing web_search Processed 📜 Receipt
— ↗ SEC Form 10-K filing web_search Processed 📜 Receipt
2021-08-02 ↗ SEC EDGAR filings and official press releases web_search Processed 📜 Receipt
— ↗ SEC EDGAR database registration web_search Processed 📜 Receipt
2023-03-06 ↗ 2023 10-K filing web_search Processed 📜 Receipt
2023-03-06 ↗ 2023 10-K filing web_search Processed 📜 Receipt
2024-11-07 ↗ Q3 2024 10-Q filing legal proceedings section web_search Processed 📜 Receipt
2023-03-06 ↗ SEC EDGAR database filing index web_search Processed 📜 Receipt
2025-03-11 ↗ SEC EDGAR filing record web_search Processed 📜 Receipt