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    BlackRock (BLK)

    BlackRock, Inc. is a leading publicly traded investment management firm that offers a wide range of investment management and technology services to institutional and retail clients globally. The company provides a diverse array of alpha-seeking active, index, and cash management investment strategies across various asset classes, allowing for tailored investment and asset allocation solutions. BlackRock's offerings include single- and multi-asset portfolios in equities, fixed income, alternatives, and money market instruments, available through various vehicles such as mutual funds, ETFs, and other pooled investment vehicles . Additionally, BlackRock offers technology services, including the Aladdin® platform, and advisory services to institutional and wealth management clients .

    1. Equity Products - Offers investment strategies focused on equity markets, providing both active and index-based solutions to capture market opportunities.
    2. Fixed Income Products - Provides investment strategies in fixed income markets, including government and corporate bonds, to generate stable returns.
    3. Alternatives - Delivers investment options in alternative asset classes, such as private equity and real estate, for diversification and potential higher returns.
    4. Multi-Asset Products - Combines various asset classes into single portfolios to achieve diversified investment objectives.
    5. Technology Services - Offers investment and risk management technology platforms like Aladdin®, Aladdin Wealth, eFront, and Cachematrix, enhancing decision-making and operational efficiency.
    6. Distribution Fees - Involves fees related to the distribution of BlackRock's investment products through various channels.

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    NamePositionExternal RolesShort Bio

    Laurence D. Fink

    ExecutiveBoard

    Chairman and CEO

    None mentioned

    Co-founder of BlackRock in 1988, instrumental in its growth to $11.6 trillion AUM, led IPO and major acquisitions.

    View Report →

    Caroline Heller

    Executive

    Senior Managing Director, Global Head of Human Resources

    None mentioned

    Leads HR globally, no additional details provided in the documents.

    Christopher J. Meade

    Executive

    Senior Managing Director, Chief Legal Officer, and General Counsel

    None mentioned

    Oversees legal and compliance functions, no additional details provided in the documents.

    J. Richard Kushel

    Executive

    Senior Managing Director, Head of Portfolio Management Group

    None mentioned

    Leads BlackRock's Portfolio Management Group, no additional details provided in the documents.

    Martin S. Small

    Executive

    Senior Managing Director and CFO

    None mentioned

    Former Head of U.S. Wealth Advisory and U.S./Canada iShares, now oversees financial operations as CFO.

    Rachel Lord

    Executive

    Senior Managing Director, Head of International

    None mentioned

    Oversees BlackRock's international business, managing $3.5 trillion in assets outside the U.S..

    Robert L. Goldstein

    Executive

    Senior Managing Director and COO

    None mentioned

    Current COO, no additional details provided in the documents.

    Robert S. Kapito

    Executive

    President

    None mentioned

    Longtime leader at BlackRock, no additional details provided in the documents.

    Stephen Cohen

    Executive

    Senior Managing Director and Chief Product Officer

    None mentioned

    Based in London, oversees product strategy, no additional details provided in the documents.

    Amin H. Nasser

    Board

    Director

    President and CEO of Saudi Aramco

    Director at BlackRock, also leads Saudi Aramco.

    Charles H. Robbins

    Board

    Director

    Chairman and CEO of Cisco Systems, Inc.

    Director at BlackRock, also leads Cisco Systems.

    Cheryl D. Mills

    Board

    Director

    President and CEO of BlackIvy Group LLC

    Director at BlackRock, also leads BlackIvy Group, focused on businesses in Sub-Saharan Africa.

    Fabrizio Freda

    Board

    Director

    President and CEO of The Estée Lauder Companies Inc.

    Director at BlackRock, also leads Estée Lauder Companies.

    Hans E. Vestberg

    Board

    Director

    Chairman and CEO of Verizon Communications Inc.

    Director at BlackRock, also leads Verizon Communications.

    Kristin Peck

    Board

    Director

    CEO of Zoetis Inc.

    Director at BlackRock, also leads Zoetis Inc..

    Marco Antonio Slim Domit

    Board

    Director

    Chairman of Grupo Financiero Inbursa, S.A.B. de C.V.

    Director at BlackRock, also leads Grupo Financiero Inbursa.

    Margaret L. Johnson

    Board

    Director

    None mentioned

    Director at BlackRock, no additional details provided in the documents.

    Mark Wilson

    Board

    Director

    None mentioned

    Former CEO of Aviva plc and AIA Group Ltd, now a director at BlackRock.

    Murry S. Gerber

    Board

    Director

    None mentioned

    Former CEO of EQT Corporation, now a director at BlackRock.

    Pamela Daley

    Board

    Director

    None mentioned

    Chair of BlackRock's Audit Committee, former Senior VP of Corporate Business Development at GE.

    Susan L. Wagner

    Board

    Director

    None mentioned

    Co-founder and former Vice Chairman of BlackRock, now a director.

    William E. Ford

    Board

    Director

    Chairman and CEO of General Atlantic

    Director at BlackRock, also leads General Atlantic, a global growth equity firm.

    1. How are you pacing your investment spend into 2025, and what specific levers do you have to drive margin expansion over the next 12 to 18 months, particularly regarding variabilizing your expenses?
    2. With recent acquisitions like GIP and the pending Preqin deal, what is your appetite for additional M&A, and what financial or management constraints do you face in integrating these transactions effectively to maximize their potential?
    3. Given recent regulatory issues at a large institutional bond manager, have you seen any changes in RFP activity on the fixed income side, and how is BlackRock positioning itself to capture potential opportunities arising from this situation?
    4. Despite strong growth and high margins, why did earnings per share grow only 5% this quarter, and should we expect your initiatives and consistent base fee targets to result in higher earnings growth going forward?
    5. With the possibility of a more favorable regulatory environment for digital assets, what are your key ambitions and strategies in this space beyond ETFs and custody, and how do you plan to capitalize on the opportunities that such regulatory changes might unlock?
    Program DetailsProgram 1
    Approval DateJanuary 2023
    End Date/DurationN/A
    Total additional amount7 million shares
    Remaining authorization amount4.2 million shares
    DetailsThe program was initially announced in July 2010 and authorized the repurchase of 5.1 million shares with no stated expiration. The purpose is to satisfy income tax withholding obligations related to restricted stock unit awards and broader capital management strategy.
    YearAmount Due (in millions)Debt TypeInterest Rate% of Total Debt
    2025$781 1.25% Notes due 2025 1.25% 6.3% = (781 / 12,481) * 100
    2027$700 3.20% Notes due 2027 3.20% 5.6% = (700 / 12,481) * 100
    2027$800 4.60% Notes due 2027 4.60% 6.4% = (800 / 12,481) * 100
    2029$1,000 3.25% Notes due 2029 3.25% 8.0% = (1,000 / 12,481) * 100
    2029$500 4.70% Notes due 2029 4.70% 4.0% = (500 / 12,481) * 100
    2030$1,000 2.40% Notes due 2030 2.40% 8.0% = (1,000 / 12,481) * 100
    2031$1,250 1.90% Notes due 2031 1.90% 10.0% = (1,250 / 12,481) * 100
    2032$1,000 2.10% Notes due 2032 2.10% 8.0% = (1,000 / 12,481) * 100
    2033$1,250 4.75% Notes due 2033 4.75% 10.0% = (1,250 / 12,481) * 100
    2034$1,000 5.00% Notes due 2034 5.00% 8.0% = (1,000 / 12,481) * 100
    2035$500 4.90% Notes due 2035 4.90% 4.0% = (500 / 12,481) * 100
    2054$1,500 5.25% Notes due 2054 5.25% 12.0% = (1,500 / 12,481) * 100
    2055$1,200 5.35% Notes due 2055 5.35% 9.6% = (1,200 / 12,481) * 100
    NameStart DateEnd DateReason for Change
    Deloitte & Touche LLP2002 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Preqin

    2025

    BlackRock’s acquisition of Preqin is designed to enhance its private markets investment and data capabilities by leveraging Preqin’s extensive database of 190,000 funds, 60,000 managers, and 30,000+ limited partners, positioning the firm to create investable indexes and advanced risk models.

    HPS Investment Partners

    2025

    The acquisition of HPS Investment Partners aims to create an integrated private credit franchise with about $220 billion in pro-forma client assets, expanding BlackRock’s exposure in insurance and private wealth channels and expecting mid-2025 closing subject to standard approvals.

    Global Infrastructure Partners

    2024

    Completed on October 1, 2024, this acquisition involved $3 billion in cash plus 12 million shares (with 30% deferred), significantly boosting BlackRock’s client and fee-paying AUM and enhancing its global infrastructure investment platform.

    SpiderRock Advisors

    2024

    Finalized in May 2024, BlackRock acquired the remaining equity in SpiderRock Advisors to strengthen its U.S. wealth market offerings and separately managed accounts, adding $131 million in goodwill along with valuable customer relationships and technology intangibles, plus a noncash pre-tax gain.

    Kreos Capital

    2023

    Acquired in 2023, this deal brought venture debt financing capabilities in Europe into BlackRock’s portfolio, supporting its strategy to scale its private markets and credit offerings, with the transaction expected to close in Q3 2023.

    Recent press releases and 8-K filings for BLK.

    BlackRock files for Bitcoin Premium Income ETF
    ·$BLK
    Product Launch
    • BlackRock filed to register a Delaware trust for an iShares Bitcoin Premium (Income) ETF, a ’33 Act covered-call product selling calls on Bitcoin or Bitcoin futures to convert volatility into distributed option-premium income rather than pure spot exposure.
    • The filing builds on BlackRock’s dominant iShares Bitcoin Trust (IBIT), which controls ~60% of the U.S. Bitcoin ETF market and leverages its digital-asset custody of ~756,000 BTC and 3.8 million ETH, part of ~$101 billion in total custody.
    • BlackRock’s Bitcoin and Ether ETFs reportedly generate approximately $260 million in annual revenue.
    • Since January 2024, IBIT has amassed over $60.7 billion in inflows, compared with $12.3 billion for Fidelity’s Wise Origin Bitcoin Fund (FBTC).
    3 days ago
    BlackRock converts $3B Global Allocation funds to active ETFs
    ·$BLK
    Product Launch
    • BlackRock converted $3 billion from two mutual funds into the iShares Dynamic Equity Active ETF (BDYN) and the iShares Disciplined Volatility Equity Active ETF (BDVL), preserving the original strategies and goals.
    • BDYN seeks to outperform the MSCI World Index, while BDVL targets lower-volatility stocks to beat the MSCI ACWI Minimum Volatility Index.
    • Both ETFs were integrated into the Global Allocation Selects platform, which grew from under $1 billion in early 2023 to $10 billion currently.
    • Rick Rieder continues to manage the converted ETFs, ensuring continuity in portfolio management expertise.
    Sep 15, 2025, 11:16 AM
    BlackRock Canada announces product changes
    ·$BLK
    • XEXP will move to quarterly rebalances (Mar/Jun/Sep/Dec), shift to a float-adjusted market-cap weight (4% issuer cap, 25% theme cap) and update its technology themes, with rebalances on September 19 and December 19, 2025.
    • Annual management fee for XID reduced from 0.98% to 0.74% effective September 12, 2025.
    • There is no change to XID’s investment objectives or trading symbol, and current unitholders need take no action.
    Sep 12, 2025, 10:02 AM
    BlackRock recommends bonds in fall investing outlook
    ·$BLK
    • 60/40 portfolios have seen a 70% increase in volatility and stocks and bonds now move together about 70% of the time, up from 50% pre-pandemic
    • Long-duration bonds (>7-year maturities) have lost their traditional negative correlation with equities, reducing risk-hedging benefits
    • Advocates sourcing duration and yield from the belly of the curve via multi-sector core-plus bond strategies, such as an active ETF offering ~6% yield with limited duration risk
    • Forecasted Fed rate cuts later this month and in December should make bond income more attractive than cash holdings
    Sep 3, 2025, 9:38 PM
    BlackRock completes acquisition of ElmTree Funds
    ·$BLK
    M&A
    • BlackRock has completed acquisition of ElmTree Funds, integrating the firm into its Private Financing Solutions (PFS) platform.
    • The deal enhances PFS’s offerings in the commercial net-lease sector, expanding client access to long-dated contractual income solutions.
    • ElmTree, a St. Louis–based real estate private equity firm founded in 2011, specializes in net-lease and build-to-suit industrial properties across primary and secondary U.S. markets.
    • James Koman will continue to lead ElmTree’s investment strategies within BlackRock’s PFS business, ensuring continuity of leadership.
    Sep 2, 2025, 12:05 PM
    BlackRock unit signs agreement to acquire 49.99% of Eni CCUS Holding
    ·$BLK
    M&A
    New Projects/Investments
    • Global Infrastructure Partners, BlackRock’s infrastructure arm, has entered a definitive agreement to acquire a 49.99% stake in Eni CCUS Holding.
    • Eni CCUS Holding is a global platform specializing in carbon capture, utilization, and storage (CCUS).
    • The portfolio includes the Liverpool Bay and Bacton projects in the UK, the L10 project in the Netherlands, and an option on the Ravenna CSS project in Italy.
    Aug 18, 2025, 6:00 PM
    SharpLink reports Q2 2025 results
    ·$BLK
    Earnings
    New Projects/Investments
    Management Change
    • SharpLink launched its ETH treasury strategy on June 2, 2025, raising $2.6 billion to acquire 728,804 ETH, staking nearly 100% to date for 1,326 ETH in rewards and boosting its ETH Concentration metric by 98% to 3.95
    • Q2 2025 financials: Revenue of $0.7 million (down from $1.0 million in Q2 2024), gross profit $0.2 million (30% margin), and net loss $103.4 million (vs. $0.5 million loss in Q2 2024)
    • Recorded a $87.8 million non-cash impairment on liquid staked ETH (LsETH), reducing LsETH carrying value to $382.4 million as of June 30, 2025
    • Appointed Ethereum co-founder Joseph Lubin as Chairman and former BlackRock digital assets lead Joseph Chalom as Co-CEO, and entered a strategic partnership with Consensys
    Aug 15, 2025, 12:00 PM
    BlackRock's CIO hails 'best investing environment ever'
    ·$BLK
    • Rick Rieder says the market offers the "best investing environment ever" due to strong earnings, record stock buybacks and ~$7 trillion in cash ready to flow into equities as rates decline.
    • The Fed is seen cutting rates by 25 bps in September with 99.9% probability, supporting a positive yield curve and 6.5%–7% fixed-income yields.
    • Equities exhibit low volatility and strong demand vs supply dynamics, though reliance on major tech stocks raises market-breadth concerns.
    • 81% of S&P 500 companies beat Q2 earnings estimates—above the 10-year average and potentially the best season since 2023.
    Aug 13, 2025, 2:21 PM
    BlackRock announces July 2025 closed-end fund distributions
    ·$BLK
    Dividends
    • 14 BlackRock closed-end funds declared monthly distributions per share on July 31, 2025, ranging from $0.0426 (BGY) to $0.29365 (ECAT).
    • Distributions are funded through a mix of net income, net realized gains and/or return of capital under each fund’s managed distribution plan; e.g., BCX’s July payout was 98% return of capital, BDJ’s was 80% long-term gains.
    • For the fiscal year through July 31, 2025, year-to-date distributions totaled $0.4333 (BDJ) to $2.11426 (ECAT), with up to 100% return of capital for certain term trusts (BMEZ, BSTZ, BTX).
    • As of June 30, 2025, 5-year average annual NAV returns ranged from 0.70% (BMEZ) to 18.53% (BGR), and annualized distribution rates of NAV spanned 6.54% (BUI) to 13.09% (BMEZ).
    Jul 31, 2025, 8:30 PM
    Zohran Mamdani wins NYC Democratic mayoral primary
    ·$BLK
    • Zohran Mamdani, an avowed socialist, led the first round of the New York City Democratic mayoral primary with 44% of a 1 million-vote turnout.
    • Betting markets now assign a 75% probability that Mamdani will win the November general election in the heavily Democratic city.
    • The November ballot will include four candidates, with Andrew Cuomo and incumbent Mayor Eric Adams each running on separate party lines, raising the possibility of a split centrist vote.
    Jun 25, 2025, 11:14 AM