BlackRock provides investment management, risk management, and advisory services for institutional and retail clients worldwide. Its range of products includes separate accounts, mutual funds, the iShares franchise of ETFs, and other pooled investment vehicles. Assets under management were $10.6 trillion as of June 30, 2024. iShares is a global leader in ETFs, with funds in multiple asset classes and $3.7 trillion in ETF assets under management as of Jun 30, 2023. In May 2020, PNC Financial Services Group, which held about 22% of BlackRock common shares, sold its stake through a registered offering.

Stocks continue to print all-time highs and insiders continue to take advantage of record prices to cash in a bit. Bu that fits historical norms, as the current pace of selling (as expressed by the eight-week sell/buy ratios from Vickers Stock Research) has been seen before when stocks have pushed higher and higher and higher. Consider as well that earnings season is now in full swing and corporate executives, directors, and beneficial owners did not cash out to any significant degree in advance, and it is not hard to describe current insider sentiment as being 'of no concern.' That feeds the narrative that stock prices may well move higher over the balance of 2024. On a sector basis, selling by insiders last week was greatest in Information Technology, with shares valued at $448 million sold versus $23 million bought, and followed by Healthcare with $288 million sold. In Consumer Discretionary, selling outpaced buying by a factor of just 1.8-times, with roughly $11.8 million of shares sold versus $6.5 million of shares bought. Buying outpaced selling in Communication Services, Real Estate, and Materials. This week, analysts at Vickers highlighted insider transactions of interest at NVIDIA Corp. (NGS: NVDA) and Appian Corp. (NGM: APPN).

BlackRock is the largest asset manager in the world, with $10.473 trillion in assets under management at the end of March 2024. Its product mix is fairly diverse, with 54% of managed assets in equity strategies, 27% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.

BlackRock is the largest asset manager in the world, with $10.473 trillion in assets under management at the end of March 2024. Its product mix is fairly diverse, with 54% of managed assets in equity strategies, 27% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the US and Canada.