Institutional investors' stakes in BlackRock

The first snapshot noted that institutional investors were adjusting their BlackRock holdings in the first quarter of 2024, without providing details. A later snapshot gave a detailed account of those adjustments: Bank of America increased its stake by 35,069 shares to a total of about 3.37% of BlackRock, valued at roughly $5.03 billion. Other investors also expanded positions, including Corient Private Wealth, Norges Bank, Oak Harvest Investment Services, Auto Owners Insurance, and Wellington Management, bringing institutional ownership to about 80.69% of the company’s stock. The later report additionally highlighted BlackRock’s co‑investment in a major AI infrastructure project—a $14 billion, 1‑gigawatt data‑center campus in El Paso, Texas—where it holds an 80% equity stake and is contributing cash and arranging project debt.