BlackRock, Inc.

BlackRock’s portfolio reflects a benchmark-aware, mega-cap growth orientation, with Technology commanding 29.3% of assets and the top three holdings—NVIDIA at 5.9%, Apple at 5.1%, and Microsoft at 3.8%—representing nearly 15% of total exposure. The fund’s heavy concentration in semiconductor, cloud, and AI-driven names signals a strong conviction in secular technology trends, while Financial Services (10.2%), Healthcare (9.7%), and Consumer Cyclical (9.1%) provide measured diversification. The inclusion of broad-market exposure through iShares IVV (1.0%) and Berkshire Hathaway (1.0%) alongside sector leaders suggests a blend of core indexing and high-conviction stock selection. With assets under management growing to $5.7 trillion across over 50,000 positions, BlackRock demonstrates confidence in large-cap, high-growth leadership as the foundation of its long-term strategy.