Jim Cramer Discusses These 10 Stocks & Dissects President Trump’s China Tariffs

7. BlackRock Inc (NYSE:BLK)

Number of Hedge Fund Holders In Q3 2024: 37

BlackRock Inc (NYSE:BLK) is one of the biggest asset managers in the world. Dropping interest rates in 2024 coupled with higher stock market activity has proven to be a boon for the firm. BlackRock Inc (NYSE:BLK)’s assets under management sat at $11.6 trillion in Q4 and marked the fourth consecutive time to touch a record high. In his previous remarks, Cramer shared mixed thoughts about the firm’s investments in infrastructure. This time around, he commented on BlackRock Inc (NYSE:BLK)’s position in the broader asset management industry:

“We bought some Blackrock yesterday.”

“And it’s also Vanguard cut rates. And, if, [sic]Blackstone had not made this change, people would sell. I mean we bought it because we felt that there’s not a lot of overlap anymore because of the things that Larry Fink has done. So, things being creative, that allowed. . . Blackrock is I thought they gave it away, yes it was down sixty points. And what they’re doing is very positive. And they’re not being hostage to what Vanguard’s doing. And you’re absolutely right, they’re becoming more and more of a bank and I think that, that stock is way undervalued versus everybody else, frankly.”

“You can get seven, eight percent. I asked Larry to be able to make it so that individuals could be in it. The company here to be able to say can I be in that fixed income product because there’s just so much money to be made there. And Larry’s doing a very good thing for people that want to invest. But right now it’s institutions.”