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by 2malaq 1426 days ago
Genuine question; If they're competitors, why is Vanguard Blackrock's biggest shareholder?[0] Is this the norm? Or is there a link between the two? (I don't know anything about the stock market)

[0] https://finance.yahoo.com/quote/BLK/holders?p=BLK
2 comments
Bostonian 1426 days ago
Vanguard is probably biggest shareholder of many companies, because the index funds it runs are huge.
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vba616 1426 days ago
The second largest shareholder of Blackrock, appears to be Blackrock, notice?

How do you think it is that Blackrock only owns 6.79% of Blackrock?

When you figure that out, you will have achieved enlightenment and be able to answer your original question.

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