Global behemoth in asset management invests a fifth of its riches in a select quartet of equities.
In the latest 13F filing, BlackRock, the world's largest and most powerful asset manager based in New York City, revealed its investment status at the end of the second quarter. The filing shows that the company has invested around 20% of its assets in just four stocks, but the specific stocks are not disclosed in the provided paragraph.
However, it is known that Microsoft stock takes the largest position in BlackRock's portfolio, with a weighting of 5.6 percent. The Amazon stock is the fourth-largest position, with a weighting of 2.84 percent, while Nvidia and Apple secure the second and third-largest positions, respectively, with weightings of 5.14 percent and 5.01 percent, respectively.
BlackRock's investment in these tech giants and AI-focused companies reflects the driving forces behind the AI hype. The asset manager has invested about 20 percent of its assets in companies such as Palantir, Nvidia, Oracle, and JP Morgan Chase, particularly through ETFs focused on AI infrastructure.
In the second quarter, BlackRock increased its position in both Microsoft and Amazon stocks by 1.5 percent and 1.6 percent, respectively. The asset manager not only did not reduce its position in Apple stock but even slightly increased its shares.
The specific four stocks that BlackRock has invested in are not directly mentioned in the provided paragraph. However, it is worth noting that together, these four positions account for almost 20 percent of BlackRock's portfolio.
BlackRock managed assets worth approximately $10.6 trillion in the first half of the year, after collecting around $140 billion in new funds. This substantial investment in tech giants and AI-focused companies suggests strong conviction in these sectors.
The investment decisions of BlackRock, one of the most influential asset managers in the world, are closely watched by the investment community. The Best of Billionaires Index by BÖRSE ONLINE, which focuses on the top investments of billionaires like Warren Buffett, Bill Gates, and others, will undoubtedly take note of BlackRock's commitment to these tech giants and AI infrastructure.
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