HGCC
Well-Known Member
Sir...those companies run huge index funds and etfs....so uh, yeah, they are the largest shareholders in a number of companies by design. It's like seeing a conspiracy because fast food restaurants use a lot of potatoes.Look up top share holders on any company you want... they will always be BlackRock or Vanguard.
https://www.msn.com/en-us/money/stockdetails/fi-a1uqpr?duration=1D
Nobody really wanted to engage with "what's biden done" as there was already a whole trolly thread about it, and it gets stuck out there every few weeks as a "provocative" question.
What do you think Vanguard/blackrock/state street/etc. being the largest shareholders impact? Why does it matter? They run a bunch of large financial products, when people buy a share of a mutual fund or etf, those companies have to go buy stock based on whatever model (they have lots of models) the customer is part of. When you buy a share of a mutual fund or etf, the company selling that product has to go out and buy however many shares of individual stock are necessary to allocate their performance to you.
Say you buy a share of a basic s&p 500 ETF (those are easier to explain as they have stricter rules on how they work). That ETF is supposed to mirror the s&p 500 exactly, so it holds all those companies. As people buy the ETF shares, it turns around and has to buy the actual stocks. As such, they end up the biggest holders.
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