BLACKROCK INC
Q4 2014 Form 13-F
BlackRock, Inc. Form 13-F reported portfolio values from Q3 2013 to Q2 2024
Description and Activity
BlackRock is a global investment management firm with $10.0 trillion in assets under management (AUM) as of December 31, 2023. The company offers a broad range of investment management and technology services to a diverse clientele, including both institutional and retail clients across the globe. The firm's product offerings span various asset classes, such as equities, fixed income, multi-asset, alternatives, and cash management products.
A significant portion of BlackRock's AUM is attributed to its leadership in the exchange-traded funds (ETF) market, where it manages $3.5 trillion in assets. In 2023, the company saw ETF net inflows of $186 billion, largely driven by investments in fixed income and equity ETFs. Retail AUM, which makes up 10% of BlackRock's long-term AUM, is primarily managed through intermediaries like broker-dealers and banks. Continue reading...
On the institutional side, BlackRock's long-term institutional AUM reached $9.2 trillion at the end of 2023, reflecting a 21% increase from the previous year. Institutional clients include pensions, foundations, official institutions, and financial entities. The company also reported an international AUM of $945 billion, with net inflows diversified across various product categories.
In terms of long-term product offerings, equities account for 58% of AUM, followed by fixed income at 30%, multi-asset at 9%, and alternatives at 3%. The year 2023 saw notable movements within these categories; equity AUM declined by $11 billion, while fixed income AUM increased by $143 billion. Multi-asset and alternatives also experienced growth, driven by inflows into specific strategies and products.
BlackRock continues to expand through strategic acquisitions, such as the agreement to acquire Global Infrastructure Partners, expected to close in the third quarter of 2024. This acquisition aligns with BlackRock's ongoing efforts to diversify its investment offerings and enhance its infrastructure management capabilities.
The company operates in a heavily regulated environment, subject to oversight by numerous federal, state, and international regulatory bodies. These include the SEC, DOL, Federal Reserve, and several international jurisdictions. Regulatory compliance is a critical aspect of BlackRock's operations, as failure to comply can result in fines, sanctions, and reputational damage. Additionally, the firm faces risks related to cybersecurity, data privacy, and evolving regulatory requirements, which could impact its business operations and profitability.
Overall, BlackRock is a leading global investment management firm, distinguished by its extensive range of products, significant AUM, and a robust regulatory framework that governs its operations. The company continues to focus on investment performance, client relationships, product diversity, and operational efficiency to maintain its position in the market.