BlackRock Institutional Trust Company, N.A.

This book is plan-sponsor mandate money — collective investment trusts and separate accounts, largely for retirement plans, not publicly traded funds. It moves when a sponsor changes or funds a mandate, so the same index strategy can move here and not in the iShares book run by BlackRock Fund Advisors, whose flows are ETF creations and redemptions. BTC is also BlackRock's securities-lending agent. Same portfolio team and same stewardship team as BFA — the split is the client vehicle, not the investment decision, which is why some reports fold this entity into BFA. BlackRock itself does not: of the 8,204 holdings lines naming one of these two entities on BlackRock, Inc.'s Q2 2026 13F, none named both.

Often confused with BlackRock Fund Advisors