When BlackRock went public in 1999 it was owned by PNC Financial Services Group Inc. (since 1995).Firestarter wrote: ↑Sat Feb 03, 2018 5:37 pmMajor Shareholders in BlackRock include – BlackRock (4.33%), Vanguard, State Street (3.34%), FMR (2.04%), and Capital (4.13%), Wellington Management Company LLP (4.53%), Norges Bank Investment Management (5.33%), Bank of America Corporation (3.39%), PNC Financial Services Group Inc.
The Vanguard funds own at least 14.2%.
PNC Financial Services Group Inc. owns a whopping 21.47% in BlackRock: https://finance.yahoo.com/quote/blk/holders?ltr=1
(archived here: http://archive.is/oTUrK)
PNC Financial Services evolved from the Pittsburgh Trust and Savings Company that was founded in Pittsburgh, Pennsylvania in 1845.
PNC Financial Services Group, Inc. is a Pittsburgh-based financial services corporation, with assets, at the end of 2016, of approximately $366 billion: https://en.wikipedia.org/wiki/PNC_Financial_Services
Major Shareholders in PNC Financial Services Group, Inc. include – Vanguard (15.2%), BlackRock (5.84%), State Street (4.85%), FMR (3.28%), and Capital (8.58%, including Washington Mutual Investors Fund), JP Morgan Chase & Company (2.58%), T. Rowe Price Associates Inc. (2.26%), Massachusetts Financial Services Co. (2.15%), Wellington Management Company LLP (7.47%): https://finance.yahoo.com/quote/PNC/holders?p=PNC
In the second week of May 2020, PNC sold most of its stake in BlackRock for some $14.4 billion.
Reportedly keeping 500,000 shares in BlackRock: https://www.fool.com/investing/2020/05/ ... krock.aspx
In this deal the BlackRock shares were sold at a discount of almost 15% for $420 apiece.
Capital Group Cos., Fidelity Investments and Wellington Management increased their stake by buying shares from PNC Financial Services Group.
Norway’s $1 trillion wealth fund and Singapore state investment firm Temasek Holdings Pte were also among the buyers.
Maybe most interesting is that the oil rich Middle East countries expanded their stake in BlackRock - Abu Dhabi’s Mubadala Investment Co., the Kuwait Investment Authority, Qatar Investment Authority and Saudi Arabia’s Public Investment Fund: http://archive.is/9lLaU
I’ve searched in vain for current information on the major shareholders in BlackRock since PNC sold most of its stake.
The following lists Kuwait Investment Authority (for the government of Kuwait) with a 5.2% stake on 8 July:
Interestingly Bader M. Al Saad is both a board member for Kuwait Investment Authority (KIA) and BlackRock (besides Daimler): https://www.daimler.com/company/corpora ... -saad.html