{"id":265519,"date":"2010-02-02T11:32:00","date_gmt":"2010-02-02T16:32:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/why-did-blackrock-dump-over-1800-sec-filings-in-a-single-day-2010-2"},"modified":"2010-02-02T11:32:00","modified_gmt":"2010-02-02T16:32:00","slug":"blackrock-dumps-over-1800-sec-major-position-filings-in-a-single-day-do-they-own-most-of-the-stock-market-now","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/265519","title":{"rendered":"Blackrock Dumps Over 1,800 SEC Major Position Filings In A Single Day, Do They Own Most Of The Stock Market Now?"},"content":{"rendered":"

\"blackrock_building\"<\/p>\n

According to the eagle-eyed SEC-filing expert Footnoted.org<\/a>, the SEC’s EDGAR filing system slowed down markedly on Friday as Blackrock dumped over 1,800 13-G filings into the system. The entire deluge happened within the span of two and a half hours.<\/p>\n

What’s crazy is that these 13-G filings are generally required when one’s ownership of a company exceeds 5%.<\/p>\n

While it would be surprising enough had these been old positions, in fact most appear to have been new ones:<\/p>\n

Footnoted:<\/a> With few rare exceptions, these filings represented new positions for Blackrock since we only counted 11 amended 13Gs, which in itself seems very surprising, given the long list of stocks.<\/p>\n

…<\/p>\n

And, indeed, there’s a lot of household names on the list including some big names in tech like Apple (AAPL), AOL (AOL), Google (GOOG), Yahoo (YHOO) — several of which Dow Jones picked up on on Friday afternoon. But there’s a lot more names on the list too, including United Technologies (UTX), Toll Brothers (TOL), and even footnoted frequent flyer Martha Stewart Omnimedia (MSO) where Blackrock disclosed a stake of just over 7%.<\/p>\n

Actually, a far more interesting project might be trying to figure out who wasn’t on the list since with 1,800-plus filings, just about any company over even a relatively modest market cap.<\/strong><\/p>\n

Here’s one for the conspiracy theorists — Blackrock is everywhere. It’s as if they own a substantial stake in most major companies on the stock market.<\/p>\n

Join the conversation about this story »<\/a><\/p>\n

See Also:<\/b><\/p>\n