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Thread: BlackRock, Vanguard, State Street own the US

  1. #31
    I’ve done a “simple” investigation into who own 3 of the “Big Four”: BlackRock, State Street and FMR (Fidelity).
    Vanguard isn’t a publicly traded company. The official story is that investors in Vanguard are the ultimate owners, who supposedly decide how Vanguard handles business. Because Vanguard is a private company, it’s not forced to disclose information…

    Major Shareholders in BlackRock include – BlackRock (4.51%), Vanguard, State Street (3.42%), FMR, Fidelity (2.32%); and PNC Financial Services Group, Capital (4.34%), Wellington Management Company LLP (3.75%), Bank of America Corporation (2.69%).
    The Vanguard funds own at least 10.8%.
    PNC Financial Services Group Inc. owns a whopping 21.42% BlackRock: https://finance.yahoo.com/quote/blk/holders?ltr=1
    (archived here: http://archive.is/Yfoye)


    PNC Financial Services evolved from the Pittsburgh Trust and Savings Company that was founded in Pittsburgh, Pennsylvania in 1845.
    PNC Financial Services Group, Inc. is a Pittsburgh-based financial services corporation, with assets, at the end of 2016, of approximately $366 billion: https://en.wikipedia.org/wiki/PNC_Financial_Services


    Major Shareholders in PNC Financial Services Group, Inc. include Vanguard (at least 15.3%), BlackRock (6.0%), State Street (5.0%), FMR, Fidelity (3.1%), and Capital (4.8%, including Washington Mutual Investors Fund), JP Morgan Chase & Company (2.4%), T. Rowe Price Associates Inc. (2.7%), Massachusetts Financial Services Co. (2.2%), Wellington Management Company LLP (7.3%): https://finance.yahoo.com/quote/PNC/holders?p=PNC
    (archived here: http://archive.is/zNcXc)


    Wellington Management Company LLP owns 3.75% of the shares in the biggest investment fund in the world, BlackRock, and it also owns 7.3% of the shares in the PNC Financial Services Group Inc. that owns an additional 21.4% of BlackRock.

    In 1928, Walter L. Morgan from Philadelphia established the first balanced mutual fund in the US - the Wellington Fund. The Wellington Fund is one of the oldest surviving American mutual funds and has more than $1 trillion assets under management.
    In 1979, after it had gone public, 29 partners bought back the firm.
    John C. Bogle, who succeeded Morgan as chairman in 1970, later founded Vanguard: https://en.wikipedia.org/wiki/Wellin...gement_Company


    Major Shareholders in State Street Corporation include – Vanguard (at least 11.5%), BlackRock (5.9%), State Street (5.1%), FMR (4.4%), T. Rowe Price Associates Inc. (7.4%), Massachusetts Financial Services (7.4%): https://finance.yahoo.com/quote/STT/holders?p=STT
    (archived here: http://archive.is/E8ZOi)


    Massachusetts Financial Services (MFS Investment Management) was founded in 1924, is one of the oldest asset management companies in the world and has been credited with pioneering the mutual fund.
    As of 30 April 2017, MFS had $448.7 billion in assets under management: https://en.wikipedia.org/wiki/MFS_Investment_Management


    Fidelity (FMR) was founded in 1946 by Edward Johnson, and is run ever since by the Johnson family.
    Edward eventually turned the reins over to his son, Edward “Ned” Johnson III, who was Fidelity’s chairman until his late 80s. Today Abigail Johnson, Ned’s daughter, is the CEO of Fidelity investments.
    Fidelity Investments is owned by FMR LLC, which is controlled by the Johnsons.

    According to Bloomberg, in 2012, the Johnson family is worth $22 billion. Ned Johnson is worth $6.9 billion.
    His daughter, Fidelity president Abigail P. Johnson, has a net worth of $10.1 billion. Abigail’s 2 siblings, Edward C. Johnson IV and Elizabeth L. Johnson, each own $2.5 billion.

    According to SEC filings, the Johnsons own 49% of Fidelity. The remaining 51% is split among 108 Fidelity executives.
    In August 2005, Abigail Johnson owned 24.5% of Fidelity and her father 12%. The remaining 12.5% of FMR was split between Abigail’s younger sister and brother (Elizabeth and Edward IV).
    Since that filing, Fidelity discloses only the total family ownership.
    The Johnsons also own about 80% of Boston-based Northern Neck Investors LLC, which has $2.2 billion in assets: http://www.investmentnews.com/articl...ty-fund-empire


    The last part of this post about Fidelity really illustrates what happens when a small group of investment funds completely dominate the economy...

    Fidelity’s mutual funds manage $1.2 trillion in assets.
    The Johnson family and higher Fidelity management also own Impresa Management, which runs partnerships and investments on F-Prime’s behalf. The Johnsons, with a small group of FMR executives, also invest in F-Prime Capital, the private venture capital arm of Fidelity.
    Impresa oversees about $2.6 billion in assets, and “bets” on bioscience and tech start-ups.

    Here’s the trick…
    F-Prime regularly invests in companies before they’re brought to the stock markets (pre-IPO). Reuters analysed 10 pre-IPO investments by F-Prime since the beginning of 2013.
    In 6 of those cases, Fidelity’s mass mutual funds became (one of) the largest shareholders after the IPO, buying shares at much higher prices than F-Prime.
    This resulted in lower returns for Fidelity fund shareholders, and higher gains for F-Prime.

    These investments by Fidelity mutual funds have effectively propped up the values of F-Prime’s pre-IPO investments.
    F-Prime Capital bought Ultragenyx pre-IPO shares for $3.55.
    After the January 2014 IPO, Fidelity’s public funds purchased about 1.1 million Ultragenyx shares for an average stock price of $41.17 a share.
    Fidelity’s public funds didn’t gain 996% in this scheme (which was won by F-Prime). What does insider trading mean ...

    See some of the most successful investments by F-Prime (Alibaba was even more “successful” with 6101% less gain for Fidelity’s public funds).


    Fidelity’s elite, including top portfolio managers, get lucrative shares in F-Prime Capital Partners.
    Key compliance executives have held dual roles controlling investments by both Fidelity and F-Prime Capital. For 3 years, until September 2016, the chief compliance officer for Fidelity mutual funds, Linda Wondrack, was also the chief compliance officer for Impresa Management LLC, the firm that manages the investments of F-Prime Capital.
    Wondrack was only replaced in one of her 2 functions, after Reuters asked if this could be a “conflict of interest”.
    Fidelity’s James Curvey chairs a board of trustees that oversees many Fidelity stock mutual funds, and also serves as a trustee for one of the owners of Impresa: https://www.reuters.com/investigates...delity-family/
    (archived here: http://archive.is/j3oIB)
    Do NOT ever read my posts.
    Google and Yahoo wouldn’t block them without a very good reason: http://www.ronpaulforums.com/showthr...he-world/page2



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  3. #32

    Bronfman-Rothschild

    For some time I’ve been investigating the Bronfman family: http://www.ronpaulforums.com/showthr...fficking/page2

    Vanguard has no shareholders itself and is supposedly controlled by its investors (which reportedly include lots of pension funds)...

    I haven’t found any list of the largest investors in Vanguard, but I did find some interesting information on the Bronfman-Rothschild corporation, in which the Bronfman family and Lynn Forester de Rothschild are directors.
    Bronfman-Rothschild has invested $191.3 million in Vanguard funds (on 30 June): https://www.holdingschannel.com/13f/...-top-holdings/
    (archived here: http://archive.is/eQIxr)
    Last edited by Firestarter; 08-26-2018 at 11:15 AM. Reason: Vanguard, Bronfman-Rothschild
    Do NOT ever read my posts.
    Google and Yahoo wouldn’t block them without a very good reason: http://www.ronpaulforums.com/showthr...he-world/page2



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  5. #33
    Quote Originally Posted by Firestarter View Post
    Bronfman-Rothschild has invested $191.3 million in Vanguard funds (on 30 June): https://www.holdingschannel.com/13f/...-top-holdings/
    (archived here: http://archive.is/eQIxr)
    You realize everyone owns Vanguard funds right? If you want to just participate in equities you buy Vanguard, Schwab and/or an ETF. And it just so happens that is what this Rothchild has done. They hold all three. There are only so many low cost options to choose from and Vanguard is kind of know for low cost indexing. They invented it.

  6. #34
    Quote Originally Posted by Krugminator2 View Post
    You realize everyone owns Vanguard funds right?
    I don't; although I can't rule out that (some of) my pension is invested in Vanguard (directly or indirectly)...

    $191 million sounds like a lot of money to a little guy like me, but Vanguard has invested literally trillions.
    Bronfman-Rothschild is just one of many funds of the Rothschild crime syndicate.

    Do you know where I can find more information on the "biggest" investors in Vanguard?
    Do NOT ever read my posts.
    Google and Yahoo wouldn’t block them without a very good reason: http://www.ronpaulforums.com/showthr...he-world/page2

  7. #35

    Social media

    Today I’ve searched for information on the major shareholders of the biggest social media networks.


    Major Shareholders in Facebook, Inc. include – Vanguard (more than 12.6%), Blackrock, Fidelity (FMR), State Street; and Price (T.Rowe) Associates, Capital: https://finance.yahoo.com/quote/FB/h.../?guccounter=1
    (archived here: http://archive.is/YDC27)


    There is something peculiar about the corporate structure of Facebook. The Class B shares have 10 times as much voting rights as the “normal” Class A shares.
    By this construction Mark Zuckerberg (who owns 60% of the Class B shares) has most voting rights.

    By similar protective structures:
    News Corp is controlled by Rupert Murdoch and his family (with Class A shares without voting rights);
    Google, where B shares have 60% of the total voting power, is controlled by insiders Larry Page, Sergey Brin and Eric Schmidt: https://www.cnbc.com/2018/03/20/shar...anagement.html


    Major Shareholders in Weibo Corporation include – Blackrock; and Alibaba Group Holding, Harding Loevner, Wellington, Wells Fargo: https://finance.yahoo.com/quote/WB/holders/
    (archived here: http://archive.is/uwVwD)
    Strangely of the “big four” investment funds only BlackRock is a major shareholder, but nowhere near the stake owned by Alibaba Group Holding and Harding Loevner…


    Major Shareholders in Twitter, Inc. include – Vanguard (more than 12.8%), Blackrock, State Street; and ClearBridge Investments, Morgan Stanley, Coatue Management: https://finance.yahoo.com/quote/TWTR/holders/
    (archived here: http://archive.is/DUSCS)


    American holding company IAC (InterActiveCorp) owns Ask.fm (since August 2014) that also owns Ask.com.
    Barry Diller is chairman of IAC, with Edgar Bronfman Jr., Michael Eisner and Chelsea Clinton on the board of directors.

    Major Shareholders in IAC/InterActiveCorp include – Vanguard (more than 15.1%), Blackrock; and Price (T.Rowe) Associates, Canada Pension plan, TIAA-CREF Investment Management, Boston Partners, Steadfast Capital Management, Goldman Sachs: https://finance.yahoo.com/quote/iac/holders/
    (archived here: http://archive.is/kxwhG)


    Since 2012, the controlling shareholder in Reddit is Condé Nast's parent company, Advance Publications that is owned by the descendants of the Newhouse family.
    Josh Kushner is named “angel investor” in Reddit: https://redditblog.com/2013/08/06/re...ent-reddit-inc


    To finish this post...
    Youtube is owned by Google (Alphabet).

    Instagram is owned by Facebook.

    Tumblr and Flickr are part of Yahoo (owned by Verizon).

    LinkedIn is part of Microsoft.
    Do NOT ever read my posts.
    Google and Yahoo wouldn’t block them without a very good reason: http://www.ronpaulforums.com/showthr...he-world/page2

  8. #36
    The Tumblr/Flickr/Yahoo conglomerate is all under one umbrella of OATH, which controls a huge number of companies under the Verizon umbrella.

    Gee, I wonder what the "Oath" is that it refers to? /s Couldn't be Masonic and Jesuit oaths, could it?
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    Visiting the Outer Banks of NC?
    Outer Banks NC Fishing Boat Rentals

  9. #37
    Quote Originally Posted by devil21 View Post
    The Tumblr/Flickr/Yahoo conglomerate is all under one umbrella of OATH, which controls a huge number of companies under the Verizon umbrella.

    Gee, I wonder what the "Oath" is that it refers to? /s Couldn't be Masonic and Jesuit oaths, could it?
    So in a subliminal way, when I click OK to allow Yahoo to violate my privacy, I pledge an oath to THE Yahoo?
    If you want to know what the word “yahoo” means I suggest you read Jonathan Swift’s masterpiece “Gulliver’s travels” (1726): https://www.gutenberg.org/files/829/829-h/829-h.htm


    The biggest holding company of Israel, Israel corp. and its main shareholder Idan Ofer, could also be interesting, but maybe not in the context of this thread – Vanguard owns only 1.08% and BlackRock even less.

    Millenium Investments Elad Ltd., owns 46.94% of Israel corp.’s shares;
    Millenium is owned by Mashat (Investments) Ltd., that owns 80% of Millenium;
    Mashat is owned by Ansonia Holdings B.V. (registered in the Netherlands);
    Ansonia is owned by Jelany Corporation N.V. (registered in Curaçao);
    Jelany is owned by Court Investments Ltd. (registered in Liberia);
    Court is wholly owned by a discretionary trust, of which Idan Ofer is the beneficiary: http://google.brand.edgar-online.com/efxapi/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=103 26879-1389882-1390402&SessionID=fnKNee3UiBAakk7
    https://www.sec.gov/Archives/edgar/data/941221/000095010315009000/dp61331_6k.htm
    Do NOT ever read my posts.
    Google and Yahoo wouldn’t block them without a very good reason: http://www.ronpaulforums.com/showthr...he-world/page2

  10. #38

    Mining companies

    Today I’ve tried to find information on the major shareholders in 10 of the biggest mining companies in the world. As most of these aren’t located in the US it’s almost impossible to find out. Especially with some of them listed on several stock exchanges.
    Most of these have very different major shareholders than the large companies in the US.


    Major Shareholders in the Australian BHP Group include – Fisher Asset Management; Bank of America Corporation; Goldman Sachs Group; Arrowstreet Capital, Limited Partnership; Morgan Stanley: https://finance.yahoo.com/quote/BHP/holders/
    (archived here: http://archive.is/RFBbQ)
    https://finance.yahoo.com/quote/BHPLF/holders/
    (archived here: http://archive.is/RN4Zt)


    The reported biggest shareholder in the Swiss Glencore Xstrata (of Marc Rich fame) is the state-owned Qatar Investment Authority with 8.2%.


    The British-Australian Rio Tinto Group, is listed on 3 stock exchanges: London, the Australian Securities Exchange and New York. Its reported biggest shareholder is the Aluminum Corporation of China Limited (Chinalco), with 9.8% in 2014, making it Rio Tinto's biggest investor.
    Major Shareholders in Rio Tinto include - Franklin Resources, Inc (11.5% in New York); State Farm Mutual Automobile Insurance Co (11.4% in New York); Fisher Asset Management, LLC; Arrowstreet Capital, Limited Partnership: https://finance.yahoo.com/quote/RIO/holders/
    (archived here: http://archive.is/DKJ2h)


    The Brazilian Vale S.A., is listed on 4 stock exchanges: Sao Paulo, New York, Paris and Madrid.
    Major Shareholders in Vale include - Capital Investors (at least 26.8% in New York); Europacific Growth Fund; Blackrock Inc.; Standard Life Aberdeen PLC;
    https://finance.yahoo.com/quote/VALE/holders/
    (archived here: http://archive.is/BDExN)


    The British Anglo-American, is listed on 2 stock exchanges: London and Johannesburg.
    Since September 2017, the British Indian Anil Agarwal is listed as its largest shareholder with 20%.
    Major Shareholders in Anglo-American include - Volcan Investments Ltd. (19.3% in London); Volcan Investments Ltd. (12.9% in London); Silchester International Investors LLP; Genesis Investment Management LLP: https://www.marketscreener.com/ANGLO...07113/company/
    (archived here: http://archive.is/n3hVG


    China Shenhua Energy is owned by the Chinese Government.


    Major Shareholders in the American Freeport McMoRan Inc. include – Vanguard Group (at least 17.4%); Blackrock; State Street; Capital.
    Trump´s good friend Carl Icahn is often cited as its “biggest shareholder”, he owns a respectable 3.46%: https://finance.yahoo.com/quote/FCX/holders/
    (archived here: http://archive.is/oCYBi)


    The Canadian Barrick Gold, is listed on the London stock exchange.
    Major Shareholders in Barrick Gold include - VanEck Vectors Gold Miners ETF (10.5%); FvS SICAV Multiple Opportunities: https://quote.morningstar.ca/Quickta...&culture=en-CA
    (archived here: http://archive.is/rAImE)


    Coal India Limited is owned by the Indian Government.


    Major Shareholders in the Australian Fortescue Metals Group include - Minderoo Group Pty Ltd (29.5%); HSBC Custody Nominees Australia Limited (at least 16%); Valin Investments Singapore Pte Ltd (at least 11.9%); J P Morgan Nominees Australia Limited; Citicorp Nominees Pty Limited: https://www.fmgl.com.au/investors/top-20-shareholders
    (archived here: http://archive.is/K6yvt)
    Last edited by Firestarter; 04-07-2019 at 10:20 AM.
    Do NOT ever read my posts.
    Google and Yahoo wouldn’t block them without a very good reason: http://www.ronpaulforums.com/showthr...he-world/page2

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