BlackRock Shareholders | Who Owns The Most Shares of BlackRock? (2024)

BlackRock Shareholders | Who Owns The Most Shares of BlackRock? (1)

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 11.58% trailing returns annually, Morningstar data as of 13 April 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.

BlackRock Shareholders | Who Owns The Most Shares of BlackRock? (2)

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Who are the shareholders of BlackRock?

According to the data from WallStreetZen as of 13 April, 61.87% 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 – 9.04%

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.

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  • 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 - 2.22%

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 GuruFocusestimated that insiders owned 3.02% of all outstanding common shares of BlackRock at the time of writing. 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. As of 31 January 2023, he owned 520,126 making him the biggest individual shareholder.

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.

As of 17 January 2023, Susan owned 429,362 shares of Blackrock, making her the second largest shareholder.

  • 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.

Kapito owned 210,104 shares of BLK as of 31 January 2023, over twice less than Wagner.

Other insider holdings

Data from WallStreetZen also indicated that an investment firm Merrill Lynch and BlackRock itself were among the biggest shareholders of BlackRock.

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 44.68% of BlackRock stock, while BlackRock itself held 6.96% of its own stock, as of 13 April.

The bottom line

Knowing those who own 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 13 April, indicated there were 150,236,000 outstanding shares.

How many shareholders does BlackRock have?

According to BlackRock’s annual report filed with the US Securities and Exchange Commission (SEC), there were 215 common stockholders of Blackrock as of January 2023.

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 13 April, 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.

Markets in this article

BLK
BlackRock
799.41 USD

-4.22 -0.530%

BAC
Bank of America Corp (Extended Hours)
37.60 USD

0.01 +0.030%

SCHW
Charles Schwab
72.25 USD

-0.22 -0.300%

JPM

196.42 USD

-2.22 -1.120%

STT
State Street
76.63 USD

0.18 +0.240%

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BlackRock Shareholders | Who Owns The Most Shares of BlackRock? (2024)

FAQs

BlackRock Shareholders | Who Owns The Most Shares of BlackRock? ›

BlackRock's largest institutional shareholders are Vanguard Group, BlackRock Fund Advisors, State Street Global Advisors, Temasek Holdings, and Bank of America.

Who owns the most shares of BlackRock? ›

Fink is the CEO and co-founder of BlackRock. Along with seven colleagues, he started the company. As of 31 January 2023, he owned 520,126 making him the biggest individual shareholder.

Does Merrill Lynch own 45% of BlackRock? ›

Merrill Lynch's stake will go to 49.8%, and it will have a 45% voting interest in the combined company. The new company will operate under the BlackRock name and be governed by a board of directors with a majority of independent members.

Who are the 7 partners of BlackRock? ›

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.

What percentage of companies are owned by BlackRock? ›

According to the latest figures, BlackRock, Vanguard, and State Street collectively own a significant percentage of the S&P 500. As of the end of 2021, BlackRock owned approximately 11% of the index, Vanguard owned approximately 10%, and State Street owned approximately 7%.

Who is the real owner of BlackRock? ›

Laurence Douglas Fink (born November 2, 1952) is an American billionaire businessman. He is a co-founder, chairman and CEO of BlackRock, an American multinational investment management corporation.

How much is Larry Fink really worth? ›

How much of Bank of America does BlackRock own? ›

BlackRock owns over 491 million Bank of America shares, or 6.2% of its outstanding common stock. Its iShares Core S&P 500 ETF (IVV -0.58%) owns about 0.9% of Bank of America's shares.

What banks does BlackRock own? ›

BlackRock is either largest or one of largest shareholders in the behemoths of American banking industry namely.
  • JP Morgan Chase and Co.
  • Bank of America Corp.
  • Wells Fargo & Co.
  • Citigroup Inc.
  • US Barn Corp.
  • Truist Financial Corporation.
  • PNC Financial Corporation.
Dec 30, 2021

Who has controlling interest in BlackRock? ›

Who Owns BlackRock? BlackRock is publicly owned, with its shares held by various shareholders, including institutional investors like Vanguard Group and State Street Corporation and individual shareholders. The specifics of these shareholders can change over time.

How BlackRock controls the world? ›

It manages trillions of dollars in assets for individuals and institutions worldwide. While it wields significant influence due to its size and reach, it does not have direct control over global affairs. Its investment decisions can impact markets, but the idea of it controlling the world is an exaggeration.

How is BlackRock so powerful? ›

BlackRock has grown from a start-up to a market leader by attracting clients and employees, and by acquiring several other asset management companies. BlackRock's mission is to create a better financial future for our clients, by building the most respected investment and risk manager in the world.

How much does Larry Fink make a year? ›

April 4 (Reuters) - BlackRock (BLK. N) , opens new tab CEO Laurence Fink's total pay for 2023 was $26.9 million, down from $32.7 million a year earlier, according to the company's regulatory filings on Thursday. BlackRock, the world's largest asset manager, which managed $10 trillion in assets as of Dec.

Does BlackRock own Tesla? ›

Tesla is a leading auto manufacturer and one of the most valuable companies in the world. As of 2024, the largest shareholder is CEO Elon Musk, who holds about a fifth of Tesla equity. Besides Musk, the largest shareholders are asset managers, like BlackRock and Vanguard.

Does BlackRock own Amazon? ›

Who currently owns Amazon? Amazon is a publicly traded company, which means it's owned by shareholders. Its largest individual shareholder is founder and former CEO Jeff Bezos, followed by institutional investors Vanguard Group, BlackRock, and State Street.

How much of Apple is owned by BlackRock? ›

Blackrock – 1,043,713,019 – 6.7%

On February 12, 2024, BlackRock Inc. filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 1,043,713,019 shares of Apple. This represents 6.7% ownership of the company.

Who are the top 10 shareholders of BlackRock? ›

Shareholders
NameEquities%
Vanguard Fiduciary Trust Co. 8.655 %12,890,2458.655 %
BlackRock Advisors LLC 5.040 %7,507,1785.040 %
STATE STREET CORPORATION 3.932 %5,855,7983.932 %
Merrill Lynch International 3.480 %5,183,0053.480 %
6 more rows

Who is the major investor in BlackRock? ›

Shareholders
NameEquities%
Merrill Lynch International 3.480 %5,183,0053.480 %
Temasek Holdings Pte Ltd. 3.424 %5,099,6883.424 %
Capital Research & Management Co. (Global Investors) 2.631 %3,918,8782.631 %
Eaton Vance Management 2.609 %3,886,4802.609 %
6 more rows

Who makes the most money at BlackRock? ›

Alister Hibbert runs the $9bn BlackRock Strategic Equity hedge fund. According to Bloomberg he earns more than the firm's CEO. A BlackRock hedge fund manager, whose strategy is up 370% over the last decade, earned more than the firm's CEO Larry Fink last year, according to a report from Bloomberg.

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