Visualizing BlackRock’s Top 25 Equity Holdings
Founded just 34 years ago in 1988, BlackRock has quickly become the world’s largest asset manager with over $9 trillion in assets under management (AUM).
Given this status, BlackRock’s equity portfolio may provide useful insights to investors. To learn more, we’ve visualized the firm’s top 25 equity holdings as of Q1 2023. At that time, these 25 positions were worth over $1 trillion, and they represented about 30% of BlackRock’s overall equity portfolio.
Top 25 Data
The following table shows the data we used to create this infographic. These figures come from BlackRock’s latest 13F filing, which was released on May 12.
|Rank||Name||Sector||Value of Holdings (USD billions)|
|5||Google (Class A)||Communications||$44|
|6||Google (Class C)||Communications||$38|
|8||UnitedHealth Group||Health Care||$35|
|10||Berkshire Hathaway (Class B)||Finance||$32|
|11||Johnson & Johnson||Health Care||$31|
|13||iShares Core S&P 500 ETF||ETF||$29|
|15||JPMorgan Chase & Co||Finance||$25|
|16||Procter & Gamble Co||Consumer Staples||$24|
|18||Home Depot||Consumer Discretionary||$23|
|19||Eli Lilly And Co||Health Care||$23|
|20||Merck & Co||Health Care||$22|
|24||Coca-Cola Co||Consumer Staples||$19|
As expected, BlackRock’s top equity holdings include America’s most established tech companies: Apple, Microsoft, Amazon, and Google.
BlackRock also has large positions in Nvidia and Broadcom, which happen to be America’s two largest semiconductor companies. Given Nvidia’s incredible YTD performance (198% as of June 19th), this position has likely grown even bigger.
Altogether, tech stocks make up 39% of this top 25 list. The next biggest sector would be healthcare, at 13% of the total value.
How much of a controlling stake does BlackRock have in these companies? We answer this question in the following table, which again uses Q1 2023 data.
|Name||% Ownership||Quarter 1st Owned|
|Merck & Co||8.24%||Q3 2007|
|UnitedHealth Group||8.02%||Q4 2008|
|Berkshire Hathaway (Class B)||7.98%||Q3 2007|
|Home Depot||7.60%||Q3 2007|
|Coca-Cola Co||7.20%||Q3 2007|
|Google (Class A)||7.09%||Q3 2007|
|Eli Lilly And Co||6.90%||Q3 2007|
|Procter & Gamble Co||6.86%||Q3 2007|
|Exxon Mobil||6.83%||Q3 2007|
|JPMorgan Chase & Co||6.59%||Q3 2007|
|Johnson & Johnson||6.46%||Q3 2007|
|Google (Class C)||6.13%||Q2 2014|
Google’s Class C shares (Ticker: GOOG) do not offer voting rights.
When it comes to shareholder voting, BlackRock has historically voted on behalf of its clients to “advance their long-term economic interests.” Given its massive size, some people believe that BlackRock has too much influence on major corporations.
In 2021, it was reported that BlackRock would begin allowing some institutional clients to cast their own votes at shareholder meetings.
An Investor’s Guide to Copper in 3 Charts
Explore three key insights into the future of the copper market, from soaring demand to potential supply constraints.
An Investor’s Guide to Copper
Copper is the world’s third-most utilized industrial metal and the linchpin of many clean energy technologies. It forms the vital connections in our electricity networks, grid storage systems, and electric vehicles.
In this graphic, sponsored by iShares, we dig into the forces that are set to shape the future of the copper landscape.
How Much Copper Do We Need?
Copper is poised to experience a remarkable 54% surge in demand from 2022 to 2050.
Here’s a breakdown of the expected demand for copper across clean energy technologies.
|Technology||2022 (kt)||2050P (kt)|
|Other low emissions power generation||93.7||142.2|
|Grid battery storage||24.6||665.2|
Copper is vital in renewable energy systems such as wind turbines, solar panels, and electric vehicle batteries because of its high electrical conductivity and durability.
It ensures the effective transmission of electricity and heat, enhancing the overall performance and sustainability of these technologies.
The rising demand for copper in the clean energy sector underscores its critical role in the transition to a greener and more sustainable future.
When Will Copper Demand Exceed Supply?
The burgeoning demand for copper has set the stage for looming supply challenges with a 22% gap predicted by 2031.
Given this metal’s pivotal role in clean energy and technological advancements, innovative mining and processing technologies could hold the key to boosting copper production and meeting the needs of a net-zero future.
Investing in Copper for a Prosperous Future
Investors looking for copper exposure may want to consider an ETF that tracks an index that offers access to companies focused on the exploration and mining of copper.
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