What kind of company is BlackRock? It’s rumored they control 95% of global wealth—is that true?

For reference, China’s largest publicly offered fund management company, E Fund Management, has assets under management (AUM) of RMB 3.3 trillion—less than one-twentieth the size of BlackRock’s. Of the $10 trillion in assets managed by BlackRock, clients fall into four categories: retail investors ($0.99 trillion, ~9%), ETF holders ($3.86 trillion, ~36%), institutional investors ($5.02 trillion, ~47%), and cash management clients ($0.78 trillion, ~7%). (Note: Percentages may not sum to 100% due to rounding; the same applies below.) By investment style, $2.70 trillion (~25%) consists of actively managed assets, while $7.16 trillion (~67%) comprises index and ETF assets. Within this breakdown, $0.78 trillion (~7%) again falls under cash management. Since index and ETF assets are essentially passively managed—i.e., investments strictly follow indices compiled by index providers—BlackRock itself does not determine the allocation of this portion. As shown above, only $2.70 trillion (~25%)—the actively managed assets—are directly allocated by BlackRock’s portfolio managers. Moreover, most of these actively managed funds use a specific index as their performance benchmark; to avoid excessive deviation from the benchmark, portfolio managers’ discretion is inherently constrained. Finally, by product type: equity assets total $5.83 trillion (~55%), fixed-income assets $2.82 trillion (~26%), multi-asset strategies $0.92 trillion (~9%), derivatives $0.30 trillion (~3%), and cash management $0.78 trillion (~7%). BlackRock’s $5.83 trillion in equity assets is roughly equivalent in value to the combined current market capitalizations of Microsoft and NVIDIA.

[Interpretation] What insights can we draw from the latest U.S. equity holdings disclosed by the asset management giant BlackRock?

BlackRock (BLK.US), the global asset management giant, released its U.S. equity holdings as of September 30, 2023. As of September 30, 2023, BlackRock’s U.S. equity holdings totaled $3.48 trillion—down from $3.63 trillion at the end of the prior quarter. During the quarter, it initiated positions in 174 stocks, increased stakes in 2,254 stocks, exited 227 positions entirely, and reduced stakes in 2,632 stocks. The top ten holdings accounted for 22.09% of its U.S. equity portfolio, reflecting a highly diversified investment strategy. The average holding period for these top ten positions was 17.3 quarters—over four years. In Q3 2023, BlackRock’s largest purchases included Eli Lilly (LLY.US), whose stock surged amid enthusiasm for weight-loss drugs; Meta Platforms (META.US), parent company of Facebook; biotech firm Amgen (AMGN.US); Berkshire Hathaway (BRK.B.US), Warren Buffett’s flagship investment vehicle; and Chevron (CVX.US), an oil major. Its largest reductions were in Apple (AAPL.US), Microsoft (MSFT.US), Johnson & Johnson (JNJ.US), Raytheon Technologies (RTX.US), and the SPDR S&P 500 ETF (SPY). BlackRock’s Top Ten Holdings BlackRock’s top eight holdings consist of today’s highest-market-cap and most influential technology stocks: Apple, Microsoft, NVIDIA (NVDA.US), Amazon (AMZN.US), Google, Meta, Tesla (TSLA.US), etc. Apple and Microsoft each account for over $160 billion in holdings. Additionally, BlackRock holds both Class A and Class B shares of Google, valued at $53.8 billion and $46.5 billion respectively—bringing its total Google exposure to over $100 billion. Changes among the top ten holdings suggest BlackRock grew less optimistic about Apple—whose performance weakened in the second half of the year—as well as Microsoft, NVIDIA, and Google, all of which had surged earlier in the year on AI-related momentum and were subsequently trimmed during Q3. Conversely, BlackRock appears more bullish on Meta and Amazon, increasing its stakes in both during the quarter. As summarized by Caixin Finance, following the September reporting period, tech stocks led by Apple posted solid gains. Microsoft, Amazon, and NVIDIA—AI-themed names that had paused briefly—subsequently delivered double-digit gains. Yet compared with tech stocks, Eli Lilly, propelled by its blockbuster weight-loss drugs, rose 14.83% in Q3—and gained another 14.07% in the month-plus since. Insights from BlackRock The above data reveal that U.S. equities experienced volatility in Q3 amid uncertainty over when the Federal Reserve and other major central banks would end their interest-rate hiking cycles. Earlier high-fliers—including Apple, Microsoft, and NVIDIA—saw their rallies stall or undergo corrections. However, after the Fed signaled a potential pause in hikes—while cautioning that the hiking cycle could extend further—equity markets rebounded strongly.

BlackRock Reports 7.4% Beneficial Stake in Huntsman

Jul 28, 2026

BlackRock Inc. disclosed a 7.4% beneficial ownership stake in Huntsman Corp, holding over 12.9 million shares with sole voting power as of June 30, 2026.

Stock Titan

2026-07-28

BlackRock Reports 7.4% Beneficial Stake in Huntsman

BlackRock Reports 7.4% Beneficial Stake in Huntsman

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