Blackrock Inc. (BLK), with $3.648 trillion assets under management as of March 31, is the world’s largest and most prominent asset manager. The firm is headquartered in New York City and has offices in over 60 countries worldwide and over 9,300 employees, including over 700 investment professionals.
Blackrock offers investors worldwide a variety of investment products including equity, fixed income, private equity, and real estate-focused products. Within each of those product groups, it offers clients a variety of investment solutions including: Individual and institutional separate accounts, mutual funds, and pooled investment vehicles such as hedge funds. Within the equity products group, it offers products focused across all capitalization ranging from small to large cap equities for both U.S. domestic and global equities, including also sector-specific products and region-specific products and index-based products.
Blackrock is a sophisticated institutional investor, leveraging its size and global reach and scale into market insights and expertise that enable it to deliver performance in all market environments. In the March 2011 quarter, each of its five funds added only about 50 positions each to a portfolio of somewhere between 2,500 and 3,500 securities. Hence, it is presumed that a study of its top new buys in the latest March quarter will be informative to the individual investor, and can serve as a starting point for some more diligent research.
As of May 11, per the information available on i-Metrix, Blackrock has filed 13-F Filings for the March 2011 quarter for five equities funds totaling $ 520 billion. These include Blackrock Group Ltd, Blackrock Advisors LLC, Blackrock Japan Co. Ltd, Blackrock Investment Management, LLC, and Blackrock Fund Advisors.
The table below summarizes its top new buys in the March 2011 quarter, based on a review of the 13-F filings of these five investment funds. As the table illustrates, Blackrock had the following top new buys in the March 2011 quarter:
- Motorola Mobility Holdings (MMI), a manufacturer of wireless handsets, set-top boxes and video distribution systems for home, network and telecom markets.
- HCA Holdings Inc. (HCA), an owner and operator of 151 acute care hospitals in the U.S. and England.
- South African gold miners Harmony Gold Mining companies Harmony Gold Mining Co ADR (HMY) and Anglogold Ashanti ADS (AU).
- Capitol Federal Financial (CFFN), a holding company for capitol federal savings bank operating via 46 offices in Kansas and Missouri.
- Lyondellbasell Industries A NV (LYB), a Dutch manufacturer of polypropylene compounds, propylene oxide, polyethylene, ethylene and propylene.
- Tesla Motors Inc. (TSLA), a manufacturer of high-performance fully electric vehicles and advanced electric vehicle power-train components.
- O’Reilly Automotive Inc. (ORLY), an operator of 3,570 automotive parts stores.
- Endocyte, Inc. (ECYT), a biotech company developing targeted therapies using small molecule drug conjugates for the treatment of cancer and inflammatory diseases.
- Summit Hotel Properties (INN), an acquirer and owner of branded limited-service and select-service hotels in upscale and midscale segment in 19 states.
- Kinder Morgan Inc. (KMI), a provider of natural gas transportation and storage services in North America.
- NXP Semiconductors NV (NXPI), a Dutch provider of mixed-signal, analog, power management, RF and Digital Processing Semiconductors.
- Canadian gold and silver mining company Keegan Resources Inc. (KGN), engaged in exploration in the Republic of Ghana.
Top New Buys in March 2011 Quarter
Motorola Mobility Holdings Inc.
$ 168 million
HCA Holdings Inc.
$ 127 million
Harmony Gold Mining Ltd.
$ 73 million
Keegan Resources Inc.
$ 37 million
Capitol Federal Financial Inc.
$ 42 million
LyondellBasell Industries NV
$ 36 million
Anglogold Ashanti ADS
$ 34 million
O’Reilly Automotive Inc.
$ 34 million
$ 31 million
Summit Hotel Properties
$ 25 million
Tesla Motors Inc.
$ 23 million
Kinder Morgan Inc
$ 22 million
NXP Semiconductors NV
$ 21 million
Credit: Historical fundamentals including operating metrics and stock ownership information were derived using I-Metrix by Edgar Online, Zacks Investment Research, Thomson Reuters and Briefing.com. The information and data is believed to be accurate, but no guarantees or representations are made.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.