BLK at a glance
BlackRock (BLK, SEC CIK 2012383) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on July 15, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), BlackRock (BLK) reported revenue of $24.2 billion (up 18.7% from FY2024) and net income of $5.6 billion. Diluted EPS was $35.31.
- As of June 30, 2026, 66 institutional investment managers tracked by SignalX reported holding BlackRock (BLK) shares worth $53.2 billion in 13F-HR filings.
- BlackRock reported 4,532 positions worth $6.71 trillion in its 13F-HR for Q2 2026, filed August 7, 2026. Its largest holdings were Nvidia Corporation (NVDA) at 5.8%, Apple Inc (AAPL) at 5.0% and Alphabet Inc (GOOGL) at 4.4%.
- In the last 90 days, BLK insiders reported 0 open-market purchases ($0) and 3 open-market sales ($22.0M) on Form 4, a net sale of $22.0M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $24.2B
- +18.7% vs prior year
- Insiders · 90 days
- 0 buys · 3 sells
- Net −$22.0M
- 13F holders
- 66 funds
- $53.2B · +1 vs prior quarter
- Latest 8-K
- Jul 15, 2026
- Item 2.02 · Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- World's largest asset manager; $14.0T AUM (+21% YoY from $11.6T), generating $24.2B total revenue vs $20.4B in 2024
- HPS Transaction (July 2025) added $118B fee-paying AUM in private credit, dramatically scaling alternatives to $424B AUM: now 17% of long-term base fees despite only 3% of AUM
- Preqin acquisition closed March 2025 for £2.5B (~$3.2B cash), combining private markets data with Aladdin/eFront to create integrated private markets technology platform; tech revenue up 24% YoY to $2.0B; ACV up 31%
- GAAP operating margin compressed sharply to 29.1% from 37.1% in 2024, reflecting acquisition integration costs; as-adjusted margin held at 44.1% vs 44.5%
- Digital assets AUM reached $78B with $35B net inflows: now a standalone AUM category spanning Bitcoin/Ethereum ETPs listed across US, Canada, Europe, UK, and Australia
Management Discussion & Analysis
- Revenue $24.2B, up $3.8B (+19%) YoY; driven by organic base fee growth, market appreciation, GIP/HPS transaction fees, and higher tech services revenue
- GAAP operating margin 29.1% vs 37.1% prior year; as-adjusted operating margin 44.1% vs 44.5%; GAAP decline driven by noncash acquisition costs and $109M Charitable Contribution
- Best segment: ETFs with $526.7B net inflows and $5.5T AUM; worst: Institutional Index with net outflows of $119.3B
- Operating cash flow (ex-CIPs) $7.5B; capex $375M; share repurchases $1.6B (~1.6M shares); dividends/distributions $3.3B
- Management targets $400B private markets fundraising by 2030; key risks include acquisition integration (HPS, Preqin), AI governance, geopolitical/trade volatility, and regulatory changes from One Big Beautiful Bill Act
Risk Factors
- SEC Rule 2a-7 amendments mandate higher MMF liquidity levels and mandatory fees; EU/UK considering similar reforms impacting BlackRock's global MMF business
- US-China strategic competition plus outbound investment regime (effective Jan 2025) restricts investments in semiconductors, AI, quantum computing sectors
- Aladdin infrastructure hosted on Microsoft Azure and Amazon Web Services: prolonged cloud failure could disrupt both investment advisory and Aladdin client operations
- FSOC retains authority to designate BlackRock as SIFI under Dodd-Frank, triggering Federal Reserve supervision and enhanced capital requirements
- Securities lending indemnification exposure: ~$353B on loan, ~$375B collateral held; simultaneous borrower defaults and collateral value declines could trigger material liabilities
AI summary of the BLK 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- BlackRock reported second-quarter and first-half 2026 results for periods ended June 30, 2026
- Detailed operating results, financial metrics, and management commentary are in Exhibit 99.1
Item 7.01: Regulation FD Disclosure
- Investor call scheduled July 15, 2026, covering second-quarter and first-half 2026 earnings
- Supplemental earnings materials furnished as Exhibit 99.2 for investor review
Item EX-99.1: Item EX-99.1
- Q2 revenue rose 31% to $7,084 million, while adjusted operating margin reached 45.9%, supporting stronger earnings quality
- Adjusted diluted EPS increased 15% to $13.91, despite lower nonoperating income and a higher diluted share count
Item 8.01: Other Events
- Registration for up to 12,035,866 BlackRock shares tied to HPS Investment Partners acquisition consideration
- 7,606,927 shares represent closing-date HPS consideration issued July 1, 2025
Item 5.07: Submission of Matters to a Vote of Security Holders
- All 19 director nominees elected, preserving BlackRock’s existing board composition and leadership continuity
- Executive compensation approved 78.7M–42.4M in advisory voting, signaling substantial shareholder opposition to pay practices
AI summaries of BLK 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for BLK
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| FORD WILLIAM E | A | Sep 30, 2026 | 34 | - |
| PECK KRISTIN C | A | Sep 30, 2026 | 30 | - |
| Murphy Kathleen | A | Sep 30, 2026 | 36 | - |
| Johnson Margaret L | A | Sep 30, 2026 | 33 | - |
| Vestberg Hans Erik | A | Sep 30, 2026 | 33 | - |
| Robbins Charles | A | Sep 30, 2026 | 27 | - |
| Nasser Amin H. | A | Sep 30, 2026 | 27 | - |
| Nixon Gordon M. | A | Sep 30, 2026 | 34 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $20.4B | $24.2B |
| Operating Income | - | $7.6B | $7.0B |
| Net Income | $5.5B | $6.4B | $5.6B |
| Op. Margin | - | 37.1% | 29.1% |
| Net Margin | - | 31.2% | 22.9% |
| Balance Sheet | |||
| Total Assets | $123.2B | $138.6B | $170.0B |
| Equity | - | $47.5B | $55.9B |
| ROE | - | 13.4% | 9.9% |
| Per Share | |||
| EPS | $36.51 | $42.01 | $35.31 |
| Cash Flow | |||
| Operating CF | - | $5.0B | $3.9B |
| CapEx | $344.0M | $255.0M | $375.0M |
Source: XBRL data in BlackRock (BLK)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate BLK share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 66 | $53.19B |
| Q1 2026 | 65 | $54.57B |
| Q4 2025 | 66 | $59.59B |
| Q3 2025 | 69 | $68.76B |
| Q2 2025 | 66 | $60.88B |
| Q1 2025 | 62 | $43.51B |
| Q4 2024 | 49 | $35.07B |
| Q3 2024 | 1 | $1.5M |
- Citadel Advisors LLC+394.1K (+56%)
- Two Sigma Investments+292.3K (+151%)
- AQR Capital Management+217.1K (+49%)
- State Street Corp+136.0K (+2%)
- Vanguard Portfolio Management LLC+96.7K (+3%)
- Franklin Resources−954.8K (-43%)
- Bank of America Corp−647.6K (-12%)
- Ameriprise Financial−454.3K (-28%)
- FMR LLC (Fidelity)−253.6K (-15%)
- JPMorgan Chase & Co−212.2K (-25%)
- Marex Group plc−637
Source: 13F-HR filings on SEC EDGAR (aggregated from 444 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
BlackRock top 13F holdings, Q2 2026
Largest reported positions by market value, from the 13F-HR filed Aug 7, 2026
| # | Company | Weight | Value | Shares | vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | Nvidia CorporationNVDA | 5.79% | $388.6B | 1,941,918,386 | Held |
| 2 | Apple IncAAPL | 5.01% | $336.5B | 1,162,996,939 | Held |
| 3 | Alphabet IncGOOGL | 4.40% | $295.4B | 830,895,305 | Held |
| 4 | Microsoft CorpMSFT | 3.38% | $226.6B | 607,367,113 | Held |
| 5 | Amazon Com IncAMZN | 2.66% | $178.4B | 748,403,539 | Held |
| 6 | Broadcom IncAVGO | 2.24% | $150.4B | 398,213,826 | Held |
| 7 | Micron Technology IncMU | 1.80% | $121.0B | 104,827,219 | Held |
| 8 | Ishares Tr | 1.77% | $119.1B | 530,431,780 | Held |
| 9 | Meta Platforms IncMETA | 1.46% | $97.7B | 173,396,976 | Held |
| 10 | Tesla IncTSLA | 1.34% | $90.1B | 214,123,129 | Held |
| 11 | Advanced Micro Devices IncAMD | 1.30% | $87.3B | 150,301,510 | Held |
| 12 | Eli Lilly & CoLLY | 1.21% | $81.0B | 67,540,400 | Held |
| 13 | Jpmorgan Chase & CoJPM | 1.01% | $67.5B | 206,290,537 | Held |
| 14 | Berkshire Hathaway IncBRK-A | 0.91% | $61.0B | 121,183,559 | Held |
| 15 | Intel CorpINTC | 0.89% | $59.5B | 426,478,962 | Held |
| 16 | Applied Matls IncAMAT | 0.86% | $58.0B | 80,212,518 | Held |
| 17 | Lam Research CorpLRCX | 0.86% | $57.5B | 132,727,776 | Held |
| 18 | Johnson & JohnsonJNJ | 0.80% | $53.9B | 212,098,264 | Held |
| 19 | Visa IncV | 0.70% | $47.2B | 137,669,061 | Held |
| 20 | Exxon Mobil CorpXOM | 0.68% | $45.8B | 334,746,496 | Held |
Source: BlackRock 13F-HR on SEC EDGAR. Long equity positions only (put and call options excluded); weights are shares of the reported 13F portfolio, not total assets. How 13F filings work
BlackRock biggest buys and sells, Q2 2026
Largest estimated position changes versus Q1 2026
| Company | Move | Est. flow | Shares now | Weight now |
|---|---|---|---|---|
| Kla CorpKLAC | Added | +$34.3B | 126,198,653 | 0.57% |
| Booking Holdings IncBKNG | Added | +$11.2B | 65,340,562 | 0.17% |
| Space Exploration Techn CorpSPCX | New | +$8.7B | 51,037,137 | 0.13% |
| Marvell Technology IncMRVL | Added | +$6.5B | 85,641,174 | 0.38% |
| Honeywell Intl IncHON | Trimmed | −$5.8B | 22,778,297 | 0.08% |
| Honeywell Aerospace IncHONA | New | +$5.3B | 23,762,174 | 0.08% |
| Dupont De Nemours IncDD | Trimmed | −$2.8B | 10,637,868 | 0.02% |
| Carnival Corp LtdCCL | New | +$2.8B | 96,304,948 | 0.04% |
| Carvana CoCVNA | Added | +$2.4B | 48,494,910 | 0.05% |
| Carnival Corp | Sold out | −$2.3B | 0 | - |
| Coterra Energy IncCTRA | Sold out | −$2.2B | 0 | - |
| Ishares Inc | Added | +$2.1B | 89,192,955 | 0.08% |
Estimated flow = change in share count × quarter-end price (161 new, 2060 added, 601 trimmed, 169 sold out). 13F reports show holdings on the last day of the quarter, not the trade dates.
BLK filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
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BLK SEC filings: frequently asked questions
Are BLK insiders buying or selling?
In the last 90 days, BlackRock (BLK) officers, directors and 10% owners reported no open-market purchases and 3 open-market sales worth $22.0 million by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold BLK stock?
As of June 30, 2026, the largest BlackRock (BLK) holders among the 13F filers tracked by SignalX were BlackRock ($9.7 billion), Vanguard Capital Management LLC ($8.9 billion), State Street Corp ($6.2 billion), Bank of America Corp ($4.4 billion), Vanguard Portfolio Management LLC ($3.5 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was BLK's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), BlackRock (BLK) reported revenue of $24.2 billion (up 18.7% from FY2024) and net income of $5.6 billion. Diluted EPS was $35.31. The figures come from the XBRL data in the 10-K.
What are the main risks in BLK's latest 10-K?
In the 10-K filed February 25, 2026, BlackRock (BLK) flagged: SEC Rule 2a-7 amendments mandate higher MMF liquidity levels and mandatory fees; EU/UK considering similar reforms impacting BlackRock's global MMF business. US-China strategic competition plus outbound investment regime (effective Jan 2025) restricts investments in semiconductors, AI, quantum computing sectors. (AI summary of the Risk Factors section.)
What did BLK report in its latest 8-K?
BlackRock (BLK) filed an 8-K on July 15, 2026 reporting Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure). BlackRock reported second-quarter and first-half 2026 results for periods ended June 30, 2026.
What stocks does BlackRock own?
In its 13F-HR for Q2 2026 (filed August 7, 2026), BlackRock reported 4,532 positions worth $6.71 trillion. The largest were Nvidia Corporation (NVDA), 5.8%; Apple Inc (AAPL), 5.0%; Alphabet Inc (GOOGL), 4.4%; Microsoft Corp (MSFT), 3.4%; Amazon Com Inc (AMZN), 2.7%. The top 10 positions were 29.9% of the portfolio.
What did BlackRock buy in Q2 2026?
Compared with Q1 2026, BlackRock's largest estimated purchases were Kla Corp (KLAC) (added, about $34.3 billion), Booking Holdings Inc (BKNG) (added, about $11.2 billion), Space Exploration Techn Corp (SPCX) (new position, about $8.7 billion), Marvell Technology Inc (MRVL) (added, about $6.5 billion) and Honeywell Aerospace Inc (HONA) (new position, about $5.3 billion). In total it opened 161 new positions and added to 2060. Amounts are estimated from share-count changes at quarter-end prices.
What did BlackRock sell in Q2 2026?
Compared with Q1 2026, BlackRock's largest estimated sales were Honeywell Intl Inc (HON) (trimmed, about $5.8 billion), Dupont De Nemours Inc (DD) (trimmed, about $2.8 billion), Carnival Corp (sold out, about $2.3 billion), Coterra Energy Inc (CTRA) (sold out, about $2.2 billion) and Qualcomm Inc (QCOM) (trimmed, about $2.0 billion). In total it sold out of 169 positions and trimmed 601.
When does BlackRock file 13F reports?
BlackRock's latest 13F-HR was filed August 7, 2026 and covers the quarter ended June 30, 2026. 13F-HR reports are due within 45 days of each quarter-end, so the Q3 2026 report is due by November 14, 2026.
What are the latest BLK SEC filings?
BlackRock (BLK) filed its latest 10-K annual report on February 25, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on July 15, 2026 and a Form 4 insider filing on October 2, 2026.
What is BLK's SEC CIK number?
BlackRock (BLK)'s SEC Central Index Key (CIK) is 2012383. EDGAR lists every BLK filing under that number.
Ask anything about BLK
The research agent reads BLK's filings, financials, insider trades and 13F holders, then answers with sources.