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 BLACKROCK INC. Information
55 EAST 52ND STREET, NEW YORK, New York, 10055, (212) 810-5300

Report Date: 03/31/2017

Position Statistics
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.

Sector Weighting
Energy 5.81%
Basic Materials 3.42%
Industrials 10.68%
Consumer Cyclicals 12.2%
Consumer Non-Cyclicals 7.71%
Financials 21.88%
Healthcare 12.84%
Technology 19.7%
Telecommunication Services 1.86%
Utilities 3.58%
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 99,461,395
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 FUNDSI.P.O./OFFERINGSVENTURE CAPITALLEGAL/REGULATORY
BlackRock’s Big Deal With Barclays
By MICHAEL J. DE LA MERCED JUNE 11, 2009 8:35 PM June 11, 2009 8:35 pm

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 billion.

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 Holdings, declined.

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 and operator.

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.
https://dealbook.nytimes.com/2009/06/11/blackrock-to-buy-barclays-global-investors/comment-page-1/?_r=0
 
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 companies?

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 don’t.

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 control.

That means Barclays doesn’t see a bright future for that section of its business, even though it is making money now.