Sun Sep 15 15:16:05 UTC 2024: ## BlackRock’s Massive Holdings: Who Owns the World’s Biggest Asset Manager?

**New York, June 28, 2024** – BlackRock, the world’s largest asset management company, boasts an impressive $10.5 trillion in assets under management (AUM) as of the first quarter of 2024. But who owns this financial behemoth?

BlackRock’s ownership structure is a mix of institutional and individual shareholders, with institutional investors holding the majority stake at 51.78%.

**Top 5 Institutional Shareholders:**

1. **Vanguard Group:** Owns 8.87% of BlackRock, with a stake valued at approximately $10.9 billion.
2. **BlackRock:** The company itself owns 6.46% of its own shares, representing a value of $8 billion.
3. **State Street Global Advisors:** Holds a 3.98% stake, worth around $4.94 billion.
4. **Bank of America:** Owns 3.49% of BlackRock, valued at $4.33 billion.
5. **Temasek Holdings:** The Singapore government-owned investment firm holds a 3.44% stake, worth approximately $4.26 billion.

**Key Individual Shareholders:**

* **Susan Wagner:** The company’s largest individual shareholder, owning 427,887 shares.
* **Larry Fink:** BlackRock’s CEO and Chairman, holding 414,146 shares.
* **Robert Kapito:** BlackRock’s President and director, with 217,127 shares.
* **Richard Kushel:** BlackRock’s Senior Managing Director, owning 67,107 shares.
* **Murry S. Gerber:** BlackRock’s Lead Independent Director, holding 42,648 shares.

BlackRock’s investment in its own BLK stock represents only a tiny fraction of its holdings. The company’s top five investments as of Q1 2024 are: Microsoft (5.3%), Apple (4.2%), Nvidia (3.8%), Amazon (2.7%), and Meta Platforms (1.8%).

BlackRock’s unique employee ownership program has been a key driver of its success, attracting top talent to the company. It’s a testament to the company’s commitment to long-term growth and its own employees.

While BlackRock is known for managing a vast portfolio of assets, its own ownership structure reflects its focus on institutional partnerships and the importance of its original founders and long-term employees.

Read More