5 Biggest Publicly Traded Asset Managers

1. BlackRock, Inc. (NYSE:BLK)

AUM: $9.42 trillion

BlackRock, Inc. (NYSE:BLK) is a multinational investment firm headquartered in New York City. Established in 1988, initially focusing on enterprise risk management and fixed income institutional asset management, BlackRock currently holds the title of the world’s largest publicly traded asset manager, managing a substantial $9.42 trillion in assets as of June 30, 2023.

At the end of Q2 2023, 57 hedge funds in Insider Monkey’s database reported having stakes in BlackRock, Inc. (NYSE:BLK), compared with 58 in the previous quarter. The consolidated value of these stakes is over $1.66 billion. BlackRock, Inc. (NYSE:BLK)’s largest shareholder in our database is Ken Fisher’s Fisher Asset Management due to its $1.3 billion stake.

Baron Funds mentioned BlackRock, Inc. (NYSE:BLK) in its Q2 2023 investor letter. Here is what the firm has to say:

“Additionally, elevated yields and the prospect of the Fed nearing the end of its rate hiking cycle makes fixed income an attractive asset class for investors, which should also benefit traditional asset managers with fixed income exposure such as BlackRock, Inc. (NYSE:BLK).”

Disclosure: None. You can also take a look at 12 Best Artificial Intelligence (AI) Stocks To Buy According to Hedge Funds and 11 Best Stocks to Buy in Falling Markets According to Hedge Funds.

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