BlackRock (BLK) has been at the forefront of the global investment industry for the last three decades. With over $8.5tn in assets under management (AUM) as of late 2022, the firm is one of the biggest asset managers in the world.
BlackRock’s stock price has certainly reflected its long-term success. On the 10-year basis, BLK posted 13.3% trailing returns annually, Morningstar data as of 6 March showed. Yet who are the lucky shareholders of BlackRock and how much power do they have over the asset manager’s direction?
Here we take a look at the biggest BlackRock shareholders.
BlackRock (BLK) live stock price
What is BlackRock (BLK)?
Blackrock was founded in New York in 1988 by eight financial professionals, including Larry Fink, Susan Wagner, Barbara Novick and Robert S. Kapito, who wanted to make the financial advisory industry more transparent and efficient.
The company is best known for bringing innovation to what is considered a very pragmatic field by developing innovative portfolio management software known as Aladdin.
As time passed, Blackrock started to acquire the portfolios of several large firms, including Merrill Lynch Investment Management and Barclay’s Global Investors (BGI). The company eventually became the leading player in the asset management industry.
BlackRock became a publicly-traded company in 1999. It completed its initial public offering (IPO) on the New York Stock Exchange (NYSE) under the ticker symbol BLK at $14 a share. Back then, the company had $165bn in assets under management.
In over two decades of trading, BLK stock rose to as high as $971 in September 2021, its record level.
According to the data from WallStreetZen as of 6 March, 61.84% of BLK shares were owned by institutional investors. This means that over half of the Blackrock Inc shareholders were investment firms and asset managers, similar to BlackRock, which hold shares on behalf of their clients.
All BLK shares have voting rights, meaning that shareholders of BlackRock have a say in the company’s affairs in line with the proportion of ownership they hold in the firm.
In most cases, individuals who buy BlackRock stock via brokers appoint them as a proxy, meaning that the broker can vote on their behalf. However, they can also opt to cast a vote on the company’s key decisions at BlackRock shareholders meetings.
Institutional BlackRock shareholders
The following is a list of BlackRock major shareholders, according to data compiled by WallStreetZen as of 6 March.
The Vanguard Group is a US-based asset management firm that oversees more than $8tn in assets for both individual and institutional investors. This financial services firm may own BlackRock (BLK) stock through its various investment vehicles, including exchange-traded funds (ETFs) and mutual funds.
State Street Corp - 4.21%
State Street (STT) is one of the most successful financial services companies in the US. The asset management firm overlooks assets worth over $4tn. It is one of the biggest BlackRock shareholders.
Bank of America - 3.45%
Bank of America (BAC) or BofA is the second biggest bank in the US after JP Morgan (JPM), and one of the country’s Big Four banks, founded in 1923. BofA’s investment management arm BofA Securities would likely be the bank’s division holding BlackRocks stock on behalf of clients.
Temasek Holdings Private - 3.39%
Temasek is the investment arm of the Singaporean government. The company is managed by the nation’s Minister of Finance. Temasek invests the majority of its assets in Singapore, China and the Americas, including the US. The fund is a major shareholder of Blackrock.
Charles Schwab Investment Management
Charles Schwab (SCHW) offers investment management and advisory services, mainly in the US and the UK. It was established in 1971 and named after its founder, an American investor Charles Robert Schwab.
BlackRock major shareholders among insiders
Another data collector GuruFocus estimated that insiders owned 3% of all outstanding common shares of BlackRock. These shares are granted to insiders by the company via stock options as part of their compensation package, or they could have been bought back when the firm was founded.
The following individuals were considered BlackRock biggest shareholders among the company’s insiders, as of 6 March:
Laurence D. Fink – 520,124 shares
Laurence D. Fink is the CEO and co-founder of BlackRock. Along with seven colleagues, he started the company.
Before founding BlackRock, Fink was Management Director of the First Boston Corporation, an investment bank that was later acquired by Credit Suisse (CS).
Susan L. Wagner – 429,362 shares
Susan Wagner is a former executive and one of the co-founders of BlackRock. She occupied the position of Vice Chairman of the asset management firm until 2012. She has served as COO and Head of Corporate Strategy.
Robert S. Kapito – 210,104 shares
Rob Kapito is the president of Blackrock, head of the Global Operating Committee and a member of the company’s Global Executive Committee. Kapito is also a founding member.
Other insider holdings
Data from WallStreetZen also indicated that an investment firm Merrill Lynch and BlackRock itself were among the biggest shareholders of BlackRock, with both companies classified as insiders.
BlackRock acquired Merril Lynch in 2006 in an effort to expand its retail and international presence. Meanwhile, it’s likely that BlackRock holds its own stocks in its investment packages on behalf of clients.
Merrill Lynch owned 44.67% of BlackRock stock, while BlackRock itself held 6.96% of its own stock.
The bottom line
Knowing who owns the most shares of BlackRock stock can help in understanding the company's objectives. Big investors can have influence over the company.
However, it should not be the key reason for your decision to buy a stock. Whether BlacRock is a good investment should depend on your investment goals, risk tolerance and the size of your portfolio. It is important to do your own research before making any investment or trading decision. And never invest or trade money that you cannot afford to lose.
FAQs
How many BlackRock shares are there?
Data from MarketBeat, as of 6 March, indicated there were 150,240,000 outstanding shares.
How many shareholders does BlackRock have?
According to BlackRock’s 2022 annual report filed with the US Securities and Exchange Commission (SEC), 215 stockholders of record held the company’s common stock by the end of January 2022.
Who owns BlackRock?
BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.
Who are the main shareholders of BlackRock?
The main shareholders of BlackRock are institutional investors that hold shares on behalf of their clients. As of 6 March, the institutions with most BLK holdings were The Vanguard Group, State Street and Bank of America.
Is BlackRock a public stock?
Yes, BlackRock is a public stock that’s trading on NYSE under the ticker symbol BLK.
Should I buy BlackRock stock?
Whether you should buy BlackRock stock depends on your risk tolerance, investing goals and portfolio needs. Always conduct your own due diligence before buying a stock.
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Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 9.0% of shares outstanding. Capital Research and Management Company is the second largest shareholder owning 4.6% of common stock, and State Street Global Advisors, Inc. holds about 4.2% of the company stock.
BlackRock is not owned by a single individual or company. Instead, its shares are owned by a large number of individual and institutional investors. The biggest institutional shareholders such as The Vanguard Group and State Street are merely custodians of the stock for their clients.
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Blackrock is an investment fund managing more than $3.37 quadrillion ran by /s/ Fleming. There are currently 4780 companies in Fleming's portfolio. The largest investments include Apple Inc and Microsoft, together worth $326 trillion.
Unlike other investment management companies, we don't have shareholders or a private ownership group. Vanguard is the only investment management company owned by its investors*—you and more than 30 million Vanguard investors worldwide. That keeps us consistently focused on investor needs first.
The company is also quite diversified, but it is heavily exposed to some large tech stocks. BlackRock's top three holdings are Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), and Amazon (NASDAQ:AMZN). BLK owns $141 billion of AAPL stock, $120.8 billion of MSFT, and $65.8 billion of AMZN.
BlackRock was founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, Ben Golub, Hugh Frater, Ralph Schlosstein, and Keith Anderson to provide institutional clients with asset management services from a risk management perspective.
The three largest shareholders of Pfizer, J&J and Merck are Vanguard, SSGA and BlackRock, the multi-trillion dollar funds which make investments on behalf of their clients and keep a cut for their service.
BlackRock and Vanguard are the world's largest asset managers with a combined R309 trillion in assets under management (AUM), and they own stakes in most of the world's biggest businesses. To put their AUM in perspective, it is 40 times larger than South Africa's gross domestic product (GDP).
BlackRock, Inc., holds 3.60% of Walmart shares, worth about $13.6 billion. BlackRock, Inc., is a multinational investment company in New York City. It is the largest asset manager in the world, with about $10 trillion worth of assets as of January 2022.
BlackRock Fund Advisors is the third-largest institutional shareholder of Tesla, with a 3.61% stake in the company and 113 million shares. BlackRock holds an estimated $19.7 billion worth of Tesla stock and controls 113 million shareholder votes at this time.
“BlackRock itself is not a shareholder,” a company spokesperson told Reuters, adding that money being managed or invested “belongs to our clients”. “The owners of these securities are our clients, through their investments made on their behalf via the funds managed by Blackrock”.
Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 8.3% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 6.6% of common stock, and Berkshire Hathaway Inc. holds about 5.8% of the company stock.
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Vanguard ended 2022 with $5.02 trillion in institutional assets globally, down 7.1% from $5.41 trillion in 2021, while BlackRock ended 2022 with $4.83 trillion in institutional assets, down 15.1% from $5.69 trillion in 2021.
Vanguard isn't owned by shareholders. It's owned by the people who invest in our funds. Our owners have access to personalized financial advice, high-quality investments, retirement tools, and relevant market insights that help them build a future for those they love. That's the Value of Ownership.
Google is not a private company; hence, it isn't owned by a single individual; hence, under Alphabet, it is owned by individuals and institutions like the Vanguard Group, BlackRock, Fidelity Management & Research LLC, Sundar Pichai, its CEO, Larry Page, and Sergey Brin, its two co-founders, among others.
BlackRock is a top shareholder across a wide range of global industries that include oil and gas, technology, retail, big banks, healthcare, weapons manufacturing, and much more. All this makes BlackRock one of the most powerful corporate actors on the planet, whose influence touches every aspect of our daily lives.
The top shareholders of Netflix are Leslie J. Kilgore, David Hyman, Greg Peters, Capital Research Group Investors, Vanguard Group Inc., and BlackRock Inc.
Laurence D. Fink is Chairman and Chief Executive Officer of BlackRock. He and seven partners founded BlackRock in 1988, and under his leadership, the firm has grown into a global leader in investment and technology solutions.
On May 16, 2023 - Rockefeller Capital Management L.P. filed a 13F-HR form disclosing ownership of 295,707 shares of Vanguard Group, Inc. - Vanguard Dividend Appreciation FTF (US:VIG) valued at $45,541,835 USD as of March 31, 2023.
ownership in JNJ / Johnson & Johnson. 2023-01-31 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 198,802,769 shares of Johnson & Johnson (US:JNJ). This represents 7.6 percent ownership of the company.
ownership in MRNA / Moderna Inc. 2022-02-04 - BlackRock Inc. has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 27,661,473 shares of Moderna Inc (US:MRNA). This represents 6.8 percent ownership of the company.
BlackRock is also the sole shareholder and owner of shares in the four largest Australian banks. The company has hands-on everything. The German postal system, Commerzbank, and Deutsche Bank in Germany, followed by Lloyds Bank in the UK, and BlackRock is a stakeholder in all of them.
1 BlackRock derives the majority of its revenue from investment advisory and administrative fees charged to its clients. Among BlackRock's major competitors are The Vanguard Group, State Street Corp. (STT), and T.
BlackRock funds owned 6.5% of Irving, Texas-based Exxon Mobil Corp.and 8.3% of Houston-based ConocoPhillips as of March 31, making the asset manager the second-biggest investor in both companies, according to data compiled by Bloomberg.
📃 Who Owns Microsoft? Microsoft is owned by its shareholders. The largest ones are asset management giant Vanguard which owns 8.6% of the company, followed by asset manager BlackRock with a 7.1% share.
Apple is owned by its shareholders. The largest ones are asset manager Vanguard which owns 8.1% of the company, followed by BlackRock, with a 6.5% ownership share, and Berkshire Hathaway, with a 5.8% ownership share.
The Bureau analysed BlackRock's holdings over the past eight years in 10 companies that form the mainstay of Russia's economy: Gazprom, Rosneft, Sberbank, VTB, Transneft and Alrosa – which are all part state-owned – as well as Lukoil, Tatneft, Novatek and Nornickel.
Google is not a private company; hence, it isn't owned by a single individual; hence, under Alphabet, it is owned by individuals and institutions like the Vanguard Group, BlackRock, Fidelity Management & Research LLC, Sundar Pichai, its CEO, Larry Page, and Sergey Brin, its two co-founders, among others.
Laurence D.Fink is Chairman and Chief Executive Officer of BlackRock. He and seven partners founded BlackRock in 1988, and under his leadership, the firm has grown into a global leader in investment and technology solutions.
As the world's top asset manager, BlackRock is a majority investor in almost every major publicly-traded company. It profits from those companies' operations and, as a major shareholder, bears significant responsibility for their governance and the impacts of their operations across the world.
BlackRock and Vanguard are the world's largest asset managers with a combined R309 trillion in assets under management (AUM), and they own stakes in most of the world's biggest businesses.
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