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Who is the 2nd Largest Shareholder of BlackRock? Thumbnail

Who is the 2nd Largest Shareholder of BlackRock?

Constitutionally Responsible Investing Non-ESG Investments

If you guessed the Government of the State of Kuwait; congratulations, you are correct!

The Kuwait Investment Authority, per recent regulatory filings, owns close to 8 million shares of BlackRock, enough to make it the second largest shareholder!

Thats right, the largest Asset Manager in the world, controlling over $10 trillion in investor assets has the government of Kuwait as its second largest owner.  In fact, Badar Alsaad a Board Director for the Kuwait Investment Authority, was recently added to the Board of BlackRock.

At this point you are probably - Who Cares? How does this affect me?

Perhaps it will make sense now...

Here is a partial list of corporations in which BlackRock is the 1st or 2nd largest shareholder:

  • Johnson & Johnson
  • Apple Inc.
  • Microsoft Corp
  • Texas Instruments
  • Proctor & Gamble
  • Union Pacific Corp
  • McDonalds Corp
  • IBM
  • Cisco Systems Inc.
  • 3M Company
  • Costco Wholesale Corp.
  • Pfizer Inc.
  • Starbucks Corp
  • Carmax Inc.
  • Amgen Inc.
  • Qualcomm Inc.
  • FedEx Corporation
  • The Southern Co.
  • Stryker Corp.
  • Netflix Inc.
  • Allstate Corp.
  • Chubb Ltd.
  • Capital One
  • Dollar Tree
  • Lowe's
  • Verizon
  • State Street Corp.
  • O'Reilly Automotive, Inc.
  • Duke Energy
  • Ameriprise Financial
  • Cigna
  • Emerson Electric Co.
  • Freeport-McMoRan
  • Lincoln Financial Group
  • Western Digital
  • Zions Bancorp
  • Tractor Supply Co.
  • Raymond James
  • Phillips 66
  • Cincinnati Financial
  • Oshkosh Corp.
  • Dominos
  • BJ's Wholesale Club Holdings, Inc.
  • H&R Block
  • Dicks Sporting Goods, Inc.
  • Bank of Hawaii
  • AbbVie Inc.
  • Exxon Mobil Corp
  • NVIDIA Corp
  • JPMorgan Chase & Co
  • Visa Inc.
  • Honeywell International
  • Home Depot Inc.
  • AT&T Inc.
  • The Walt Disney Co.
  • Goldman Sachs Group
  • Intel Corp
  • Medtronic Plc
  • CVS Health Corp.
  • AutoZone Inc.
  • Philip Morris International
  • Electronic Arts Inc.
  • Bristol-Myers Squibb Co.
  • United Parcel Service
  • Polaris Inc.
  • Sonoco Products Co.
  • Automatic Data Processing
  • Valvoline Inc.
  • Booking Holdings Inc.
  • Prudential Financial Inc.
  • Clorox Company
  • D.R. Horton
  • Snap-On Inc.
  • Whirlpool Corp.
  • Sysco
  • Norfolk Southern Corp.
  • Delta Air Lines
  • Atmos Energy
  • Cirrus Logic, Inc.
  • Church & Dwight
  • Exelon Corp.
  • Kimberly-Clark Corp.
  • Ulta Beauty
  • Xcel Energy
  • T. Rowe Price
  • Stanley Black & Decker Inc.
  • PulteGroup
  • International Paper
  • AvalonBay Communities, Inc.
  • Alcoa Corp.
  • Cracker Barrel Old Country Store
  • GameStop Corp.
  • Goodyear Tire & Rubber
  • Graco, Inc.

Take a moment to let that sink in...

There are more companies. A LOT MORE... these are just the firms I could find in two hours of researching regulatory filings.

As one of the largest shareholders in so many companies, BlackRock has a lot of influence over our economy, staring with its ability to influence the Board of Directors for all these companies, and in turn, how those companies operate. (Not to mention control over the lobbying budgets as well!)

Next time you look at your brokerage statement, check to see what firm manages the funds you are invested in. You may be forfeiting an opportunity to have your voice heard.