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Fund managers BlackRock, Vanguard and State Street do not technically own a majority share of the U.S. stock market. Their funds dominate the passive ETF and mutual fund markets, however, giving...
Vanguard is owned by its member funds, which are owned by fund shareholders. Therefore, someone who has purchased shares of a Vanguard fund is a Vanguard owner.
Vanguard owns nearly 17% of the company. BlackRock is the No. 2 holder with 10.2% of the company. The stock, this year, though hasn't worked out all that well for Vanguard.
It is dominated by just three giant American asset managers: BlackRock, Vanguard and State Street – what we call the Big Three.
Learning about what BlackRock owns and how it makes money can help investors gauge whether it's a good stock to buy and hold for the long term.
On May 14, 2024, Vanguard announced the appointment of Salim Ramji, a veteran from BlackRock Inc., as its next CEO, succeeding Tim Buckley. Ramji, the first outsider to lead Vanguard, assumed his role on July 8, 2024.
No one person or company owns BlackRock. Five institutional investors -- Vanguard, BlackRock, State Street, Bank of America, Vanguard, and Temasek -- own about 25% of the company's stock.