BLACKROCK INC. Information
55 EAST 52ND STREET, NEW YORK, New York, 10055, (212) 810-5300
Report Date: 03/31/2017
Total Positions 4,917
New Positions 106
Increased Positions 3,171
Decreased Positions 1,362
Positions with Activity 4,533
Sold Out Positions 91
Total Mkt Value (in $ millions) 1,827,629
Institutional Holdings information is filed by major institutions on
form 13-F with the Securities and Exchange Commission.
Basic Materials 3.42%
Consumer Cyclicals 12.2%
Consumer Non-Cyclicals 7.71%
Telecommunication Services 1.86%
Total Positions New Increased Decreased Activity Sold Out
4,917 Positions as of 03/31/2017
Company Class Value of Shares ($1,000s) ? Change in Value ($1,000s)
Change (%) Shares Held
APPLE INC COM 48,172,579 -1,025,508 (2.08) 313,215,727
MICROSOFT CORP COM 32,362,046 213,785 .67 471,200,430
AMAZON COM INC COM 22,705,697 297,213 1.33 23,370,831
JOHNSON & JOHNSON COM 21,645,392 -119,642 (0.55) 169,741,152
EXXON MOBIL CORP COM 20,730,416 192,678 .94 251,034,340
FACEBOOK INC CL A 19,966,438 -60,148 (0.3) 134,844,586
JPMORGAN CHASE & CO COM 19,744,628 -125,629 (0.63) 230,231,208
ALPHABET INC CAP STK CL A 17,534,536 202,301 1.17 18,066,597
BERKSHIRE HATHAWAY INC DEL CL B NEW 16,458,872 208,556 1.28
ALPHABET INC CAP STK CL C 16,349,616 -722,505 (4.23) 17,231,526
BANK AMER CORP COM 15,628,132 -173,459 (1.1) 668,154,405
WELLS FARGO CO NEW COM 14,623,247 29,676 .20 273,894,863
PFIZER INC COM 14,352,574 -36,562 (0.25) 446,564,230
GENERAL ELECTRIC CO COM 14,080,414 -178,041 (1.25) 497,892,998
AT&T INC COM 13,921,279 192,880 1.41 363,384,994
PROCTER AND GAMBLE CO COM 13,273,242 9,400 .07 154,196,585
CHEVRON CORP NEW COM 13,039,661 139,164 1.08 122,703,127
COMCAST CORP NEW CL A 12,386,551 91,077 .74 311,376,341
CITIGROUP INC COM NEW 12,120,798 -285,354 (2.3) 196,415,461
UNITEDHEALTH GROUP INC COM 12,026,008 -689,566 (5.42) 68,633,762
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MERGERS & ACQUISITIONSINVESTMENT BANKINGPRIVATE EQUITYHEDGE
BlackRock’s Big Deal With Barclays
By MICHAEL J. DE LA MERCED JUNE 11, 2009 8:35 PM June 11, 2009 8:35
BlackRock said Thursday night that it had agreed to acquire Barclays
Global Investors from the British banking giant Barclays for about
$13.5 billion in one of the largest deals in the money management
industry, creating a juggernaut with nearly $3 trillion in assets,
The New York Times’s Michael J. de la Merced reports.
The deal is the biggest yet for BlackRock, which has grown over two
decades from a one-room bond-investment shop to one of the biggest
asset managers in the world, one with big presences in stocks and
bonds and with clients that include the federal government and
numerous sovereign wealth funds. The new company will be called
BlackRock Global Investors.
In winning B.G.I., BlackRock, headed by Laurence D. Fink (above),
topped rivals like Bank of New York Mellon, according to people
briefed on the matter.
Thursday’s deal may portend more consolidation as asset management
firms try to cope with the damage caused by recent market
volatility. After the deal’s closing, Blackrock will have more than
$2.7 trillion in assets, putting it ahead of the likes of State
Street and Fidelity Investments.
BlackRock will pay cash and stock for B.G.I., after having raised
billions of dollars from unnamed investors, which people briefed on
the matter said included big Middle Eastern funds. Barclays will
retain a 19.9 percent stake in BlackRock. Its chief executive, John
Varley, and its president, Robert E. Diamond, will take seats on the
American firm’s board.
B.G.I., which operates in 15 countries and manages more than $1
trillion in assets, had 2008 revenue of £1.8 billion, or $2.9
By selling B.G.I., with its $1.5 trillion in assets, Barclays will
improve its financial strength at a time when it has begun to lag
behind rivals that accepted help from the British government.
Because Barclays shunned government aid, it has been forced to rely
on private investors to bolster its balance sheet.
The deal will also give Barclays money to continue expanding its
investment banking business, a campaign it began last fall when it
acquired most of Lehman Brothers’ North American business. The bank
started a hiring spree in Europe and Asia to grow its fledgling
equities and merger advisory business. Barclays shares have rise
more than 90 percent this year while those of rivals, including HSBC
While some investors have voiced concern about the sale of what they
called “family silver” — Barclays’ own business mix will now be more
weighted toward investment banking, a more unpredictable source of
revenues than asset management — the British firm will now be
closely tied to BlackRock, one of the few firms to avoid serious
damage from the financial crisis.
Bank of America and the PNC Financial Services Group also hold big
stakes in the money manager.
For BlackRock, the purchase is the latest in a string of
acquisitions that saw the firm grow into a giant investment manager
with $1.3 trillion in assets. The firm has given advice to the
federal government on its financial bailout efforts, and it is
managing billions of dollars worth of toxic assets from Bear Stearns
and the American International Group for the Federal Reserve.
While BlackRock has built a solid reputation over its two decades
through both its core asset management business and its BlackRock
Solutions advisory arm, its biggest expansions have been through
transformative deals. It acquired businesses from the likes of State
Street, the Quellos Group and R3 Capital Management, a hedge fund
focused on debt investing.
The firm’s biggest deal until Thursday was the 2006 acquisition of
Merrill Lynch’s investment management business, which grew
BlackRock’s assets to more than $1 trillion. After the deal closed,
BlackRock swiftly folded Merrill Lynch Investment Management into
its operations, establishing its reputation as a skillful deal-maker
The acquisition of Barclays Global Investors will expand BlackRock’s
operations still more, giving it a greater presence outside the
United States and compounding its assets under management. B.G.I.,
based in San Francisco, will also give a major presence in index
funds through iShares, which specializes in exchange-traded funds.
The unit has long prided itself on its stable of institutional
accounts and its investment research teams.
In reaching the deal with BlackRock, Barclays will pay a $175
million breakup fee to CVC Capital Partners, a private equity firm
that agreed to pay more than $4 billion for B.G.I.’s iShares unit. A
“go-shop” provision in that deal gave Barclays until June 18 to find
a better offer.
Shares in BlackRock rose nearly 15 percent this week in anticipation
of the B.G.I. deal, closing on Thursday at $182.60. BlackRock’s
stock has risen 48 percent so far this year.
BlackRock was advised by Citigroup, Credit Suisse, Bank of America
Merrill Lynch, Morgan Stanley and Perella Weinberg Partners, as well
as the law firm Skadden, Arps, Slate, Meagher & Flom.
Barclays was advised by Barclays Capital and Lazard, as well as the
law firms Clifford Chance and Sullivan & Cromwell.
Julia Werdigier contributed reporting.
A few of the comments:
Why does Barclays have to/want to sell?
strange for Barclays to sell a money making sought after unit, and
buy Lehman’s junk. doesn’t make any sense, what do I miss here?
Great!! now BlackRock is TBTF and they own our plural (m)asses…pure
genius, crown L.F. the King of Wall Street…hint..it ends with “….
sweep the streets I used to own”
How was the deal financed and how much, if any, did Barclays advance
either directly or indirectly? How does the deal impact Barclays on
and off-balance sheet accounts?
All mighty impressive numbers but then we heard and saw all kinds of
impressive numbers before the meltdown. Have we learned nothing?
Bigger isn’t better; it just means when they fall, they fall
harder and take more down with them.
What taxpayer money is involved either or both of these
And where is the taxpayer’s interest in this?
Who is looking out for it?
In the corporate world, it’s now you see the money, now you
Where is the societal interest in the deal?
This isn’t just about two giant companies playing nice in the
marketplace. We’ve seen in spades what happens when the public
interest isn’t looked after. This deal cries out for regulatory
That means Barclays doesn’t see a bright future for that section
of its business, even though it is making money now.