What We Do | BlackRock (2024)

FAQs

What We Do | BlackRock? ›

BlackRock is one of the world's leading providers of investment, advisory and risk management solutions. We are a fiduciary to our clients. We're investing for the future on behalf of our clients, inspiring our employees, and supporting our local communities.

Our clients' interests come first.

The fiduciary mindset is the bedrock of our identity. It reflects our integrity and the unbiased advice we give our clients. And it's what inspires us to come to work every day and help people build better futures.

We're an asset manager and one of the world's leading providers of investment, advisory, and risk management solutions. We're a fiduciary to our clients, and by investing on their behalf, we help millions of hardworking Americans experience financial well-being.

Larry Fink is the founder, CEO and chairman of powerhouse investment management firm BlackRock, one of the world's largest asset managers. He and seven partners founded BlackRock in 1988. Originally it was part of The Blackstone Group. BlackRock was spun off from Blackstone in 1994 and went public in 1999.

ownership in SPY / SPDR S&P 500 ETF Trust. On August 13, 2024 - BlackRock Inc. filed a 13F-HR form disclosing ownership of 1,319,816 shares of SPDR S&P 500 ETF Trust (US:SPY) valued at $718,270,264 USD as of June 30, 2024.

Fink was born on November 2, 1952. He grew up as one of three children in a Jewish family in Van Nuys, California, where his mother Lila (1930–2012) was an English professor and his father Frederick (1925–2013) owned a shoe store.

BlackRock has been criticized for investing in companies that are involved in fossil fuels, the arms industry, the People's Liberation Army and human rights violations in China.

In Amazon.com's case, its Top Key Executive, Jeffrey Bezos, is the largest shareholder, holding 9.0% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 7.6% of common stock, and BlackRock, Inc. holds about 6.1% of the company stock.

Now, it is the world's largest asset manager with $10 trillion currently in its portfolio. According to Marketwatch, there is currently around $40 trillion in circulation around the world — which means BlackRock manages a quarter of the world's money.

Microsoft (NASDAQ: MSFT) was the largest company by market cap in early 2024 at $3.1 trillion. BlackRock clocked in at No. 113 at a $123 billion market cap. Although the investment firm managed $10 trillion in assets, those were client funds, not assets owned by BlackRock.

How many homes does BlackRock own? ›

Originally funded by the private equity giant Blackstone, the company has since become its own publicly traded company. The company owns 84,567 homes, of which 11,862 are in California, according to its most recent filing with the Securities and Exchange Commission.

How many companies does BlackRock own? As of March 31, 2024, BlackRock's portfolio consisted of 5,283 holdings. The top five holdings included Microsoft (5.3%), Apple (4.2%), Nvidia (3.8%), Amazon (2.7%), and Meta Platforms (1.8%).

According to the latest SEC filing, BlackRock, another major institutional Disney owner, held 121,690,183 DIS shares as of Q1 2024. This was about 6.67% of the company's outstanding shares. Founded 36 years ago in 1988, today Blackrock is one of the biggest and best-known financial services companies in the world.

Military weapons grade

Fund manager is invested in military contractors above the threshold of 2.5% and below the threshold of 4%.

BlackRock is one of the world's leading providers of investment, advisory and risk management solutions. We are a fiduciary to our clients. We're investing for the future on behalf of our clients, inspiring our employees, and supporting our local communities.

Ownership. As of December 2023, Lockheed Martin shares are mainly held by institutional investors (State Street Corporation, Vanguard group, BlackRock, Capital Group Companies, and others).

Our purpose is to help more and more people experience financial well-being. Together with our clients, we're contributing to a more equitable and resilient world – today and for generations to come.

BlackRock is one of the world's leading providers of investment, advisory and risk management solutions. We are a fiduciary to our clients. We're investing for the future on behalf of our clients, inspiring our employees, and supporting our local communities.

BlackRock's CEO is Larry Fink, appointed in Jan 1999, has a tenure of 25.67 years. total yearly compensation is $26.94M, comprised of 5.6% salary and 94.4% bonuses, including company stock and options. directly owns 0.23% of the company's shares, worth $301.83M.