Blackrock And The Superfund Family
Once again, unless you really know the players behind the facade, how can you possibly understand what's really taking place?
Here's the Reuters article about Blackrock being asked to head a $75Billion superfund:
BlackRock approached to lead big backup fundOkay, those were quotes from the article. The links above take you to a snapshots of each of the players. One can just imagine the behind-the-scenes-drama as it's being played out by these Major Holders. There is no insider-trading. Nah. Conspiracy theories? Nah, the British and French players, although Major Holders, don't really have that much control. Nah. But the Barclay [British] and AXA [French] names sure do keep coming up. Especially Atticus*, which has young Rothschilds at the table. Some names just never fade away.
Wednesday November 21, 1:08 pm ET
BOSTON (Reuters) - America's three biggest banks have asked BlackRock Inc. to act as the lead asset manager for a $75 billion fund they are creating to support the asset-backed securities market, a source said on Wednesday.Bank of America, Citigroup, JPMorgan Chase are heading a large-scale effort to raise billions of dollars for the new fund that is supposed to help structured investment vehicles sell hard-to-value paper they hold without further unnerving already jittery credit markets.
Critics of the fund have said it amounts to a bailout for players who made bad business decisions when setting up the structured investment vehicles known as SIVs. Supporters say it is necessary to keep credit markets, which have been nervous for months, from suffering more shocks.
While the company usually likes to keep a relatively low profile, its founder, Laurence Fink, put it in the spotlight recently when he was rumored to have been tapped to head Merrill Lynch.
A spokesman for Bank of New York Mellon, one of the biggest U.S. custodians, declined to comment.
NOTE: 10/28/07-Bloomberg: Merrill's holdings include a 49.8 percent stake in money manager BlackRock Inc., so this must be close.
Symbol Name Of Corporation BLK
Major
HoldersBlackRock, Inc. (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional Holders Shares 2007 Value 2006 Merrill Lynch & Co., Inc. 65,000,250 56.11% $10,178,389,147 -.--% PNC Financial Services Group, Inc. 43,378,835 37.45% $6,792,691,772 7.59% Highfields Capital Management L.P. 2,373,560 2.05% $371,675,760 2.30% Atticus Capital LP * 1,012,700 .87% $158,578,693 0.95% Transamerica Investment Management LLC (The Hague, Netherlands) 987,790 .85% $154,678,036 1.16% Barclays Global Investors UK Holdings Ltd 802,548 .69% $125,670,991 -.--% Wellington Management Company, LLP 716,300 .62% $112,165,417 1.32% Kinetics Asset Management Inc. 645,570 .56% $101,089,806 -.--% Calpers (California-Public Employees Retirement System) 593,560 .51% $92,945,560 -.--% Putnam Investment Management, LLC 555,845 .48% $87,039,768 -.--% % of Shares Held by All Insider and 5% Owners: 4% 7% Top 10 [5.7%] of 173 Institutional Holders Control 100% 17.84% Percentage of Barclays and "Associates" Control 94.04% 9.22%
NOTE: Bank of America buys U.S. Trust.
Symbol Name Of Corporation BAC
Major
HoldersBank of America Corporation (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional Holders Shares 2007 Value 2006 Barclays Global Investors UK Holdings Ltd 216,775,448 4.89% $10,598,151,652 4.15% State Street Corporation 134,600,750 3.03% $6,580,630,667 2.99% FMR Corporation (Fidelity Management & Research Corp) 132,450,565 2.98% $6,475,508,122 3.35% AXA (Paris, France) 129,794,733 2.93% $6,345,664,496 2.65% Vanguard Group, Inc. (The) 126,717,189 2.86% $6,195,203,370 2.58% Wellington Management Company, LLP 107,157,525 2.41% $5,238,931,397 2.82% Capital Research And Management Company 101,852,512 2.30% $4,979,569,311 2.03% Mellon Financial Corporation 59,495,000 1.34% $2,908,710,550 1.39% Northern Trust Corporation 53,361,440 1.20% $2,608,840,801 1.29% Goldman Sachs Group Inc 49,079,239 1.11% $2,399,483,994 -.--% % of Shares Held by All Insider and 5% Owners: 1% 1% Top 10 [0.7%] of 1375 Institutional Holders Control 25.05% 24.42% Percentage of Barclays and "Associates" Control 11.57% 9.82%
Symbol Name Of Corporation C
Major
HoldersCitigroup Inc. (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional Holders Shares 2007 Value 2006 Capital Research And Management Company 230,517,177 4.63% $11,823,226,008 3.59% Barclays Global Investors UK Holdings Ltd 179,123,520 3.60% $9,187,245,340 4.70% State Street Corporation 150,346,292 3.02% $7,711,261,316 3.11% AXA (Paris, France) 144,848,238 2.91% $7,429,266,127 3.43% Vanguard Group, Inc. (The) 139,606,101 2.81% $7,160,396,920 2.55% Wellington Management Company, LLP 104,426,206 2.10% $5,356,020,105 2.39% FMR Corporation (Fidelity Management & Research Corp) 87,306,811 1.76% $4,477,966,336 1.42% Morgan Stanley 69,711,306 1.40% $3,575,492,884 1.28% UBS Global Asset Management (Americas) Inc 68,769,985 1.38% $3,527,212,530 1.28% Mellon Financial Corporation 57,947,534 1.16% $2,972,129,018 -.--% % of Shares Held by All Insider and 5% Owners: 1% 1% Top 10 [0.7%] of 1479 Institutional Holders Control 24.77% 25.01% Percentage of Barclays and "Associates" Control 9.18% 10.35%
Symbol Name Of Corporation JPM
Major
HoldersJPMorgan Chase & Co (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional Holders Shares 2007 Value 2006 AXA (Paris, France) 177,718,248 5.25% $8,610,449,115 3.91% Barclays Global Investors UK Holdings Ltd 173,206,980 5.12% $8,391,878,181 5.05% State Street Corporation 108,849,305 3.22% $5,273,748,827 3.12% Vanguard Group, Inc. (The) 98,145,819 2.90% $4,755,164,930 2.54% Capital Research And Management Company 79,813,901 2.36% $3,866,983,503 3.32% FMR Corporation (Fidelity Management & Research Corp) 76,899,639 2.27% $3,725,787,509 2.00% Legg Mason Inc. 75,441,580 2.23% $3,655,144,551 2.20% Davis Selected Advisers, LP 74,599,978 2.20% $3,614,368,934 2.05% Mellon Financial Corporation 47,720,685 1.41% $2,312,067,188 1.28% Morgan Stanley 47,578,705 1.41% $2,305,188,257 1.25% % of Shares Held by All Insider and 5% Owners: 0% 0% Top 10 [0.7%] of 1277 Institutional Holders Control 28.37% 26.72% Percentage of Barclays and "Associates" Control 13.39% 12.90%
Symbol Name Of Corporation MER
Major
HoldersMerrill Lynch & Co. Inc. (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional Holders Shares 2007 Value 2006 State Street Corporation 74,841,092 8.71% $6,255,218,469 8.76% AXA (Paris, France) 62,197,086 7.24% $5,198,432,447 4.89% Barclays Global Investors UK Holdings Ltd 39,597,018 4.61% $3,309,518,764 3.85% Legg Mason Inc. 27,611,481 3.21% $2,307,767,581 3.62% FMR Corporation (Fidelity Management & Research Corp) 25,786,836 3.00% $2,155,263,752 3.26% Vanguard Group, Inc. (The) 24,223,959 2.82% $2,024,638,493 2.51% Morgan Stanley 16,344,183 1.90% $1,366,046,815 2.17% Janus Capital Management, LLC 13,945,529 1.62% $1,165,567,313 -.--% Goldman Sachs Group Inc. 13,799,355 1.61% $1,153,350,090 1.15% Mellon Financial Corporation 13,128,917 1.53% $1,097,314,882 -.--% % of Shares Held by All Insider and 5% Owners: 0% 0% Top 10 [1.1%] of 875 Institutional Holders Control 36.25% 30.24% Percentage of Barclays and "Associates" Control 23.19% 20.86%
NOTE: Statistics are somewhat skewed because of Mellon and Bank of New York merger.
Symbol Name Of Corporation BK
Major
HoldersThe Bank of New York Mellon Corporation (As of 30-Jun-2007) (As of 30-Jun-2006)
Top 10 Institutional Holders Shares 2007 Value 2006 Capital Research And Management Company 40,803,000 3.59% $1,690,876,320 7.68% Massachusetts Financial Services Co - Other 30,529,465 2.68% $1,265,141,029 2.68% Lord Abbett & Co 25,867,412 2.27% $1,071,945,553 2.83% Barclays Global Investors Uk Holdings Ltd 22,795,325 2.00% $944,638,268 2.84% Vanguard Group, Inc. (The) 21,015,727 1.85% $870,891,726 2.59% Franklin Resources, Inc 19,660,788 1.73% $814,743,054 2.47% State Street Corporation 18,951,737 1.67% $785,359,981 2.57% FMR Corporation (Fidelity Management & Research Corp) 16,972,840 1.49% $703,354,489 1.97% Primecap Management Company 16,273,162 1.43% $674,359,833 2.09% Bank Of New York Co 9,190,775 .81% $380,865,716 -.--% % of Shares Held by All Insider and 5% Owners: 0% 0% Top 10 [x.x%] of 10? Institutional Holders Control 19.52% 34.04% Percentage of Barclays and "Associates" Control 8.08% 13.03%
© 2007 by Edward Ulysses Cate
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