BlackRock, Inc.

Larry Fink

World's largest asset manager. Q4 2025 13F-HR discloses $5.92T across 4,513 unique issuers — every BLK-managed product with US-equity discretion (iShares ETFs, index mutual funds, active funds, SMAs). Top holdings closely mirror S&P 500 weights because passive index AUM dominates the book; this is not a stock-pick portfolio. Top 12 named single tickers sum to 33.5%; iShares Trust cross-holdings add another 2.6% ($156B across many self-held ETF classes); the remaining ~63.9% is the long tail of 4,500+ issuers.