Is it Fine to Invest in BlackRock (BLK)?

Baron Funds, an asset management firm, published its “Baron FinTech Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A return of 2.53% was delivered by the fund’s institutional shares for the fourth quarter of 2021, compared to its benchmarks, the S&P 500 Index, which appreciated 11.03%, and the FactSet Global FinTech Index which rose 7.68% for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Baron FinTech Fund, in its Q4 2021 investor letter, mentioned BlackRock, Inc. (NYSE:BLK) and discussed its stance on the firm. Founded in 1988, BlackRock, Inc. (NYSE:BLK) is a New York, New York-based investment management company with a $106.0 billion market capitalization, and is currently spearheaded by its CEO, Larry Fink. BlackRock, Inc. (NYSE:BLK) delivered a -23.81% return since the beginning of the year, while its 12-month returns are down by -2.99%. The stock closed at $697.53 per share on March 14, 2022.

Here is what Baron FinTech Fund has to say about BlackRock, Inc. (NYSE:BLK) in its Q4 2021 investor letter:

“Forward-thinking financial institutions are using technology in particularly innovative ways to better serve their customers and operate more efficiently. BlackRock Inc. uses technology to evaluate risk for institutional investors and manage trillions of dollars’ worth of ETF assets at very low cost. The Fund’s Tech-Enabled Financials holdings held up better than their counterparts in the FactSet Global FinTech Index thanks to gains from global asset management firm BlackRock Inc. BlackRock benefited from elevated organic growth in higher-fee products.”

Investments, Finance

Our calculations show that BlackRock, Inc. (NYSE:BLK) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. BlackRock, Inc. (NYSE:BLK) was in 49 hedge fund portfolios at the end of the fourth quarter of 2021, compared to 44 funds in the previous quarter. BlackRock, Inc. (NYSE:BLK) delivered a -23.99% return in the past 3 months.

In March 2022, we published an article that includes BlackRock, Inc. (NYSE:BLK) in the 5 Stocks to Buy According to Robert W. Koehn’s Ivy Lane Capital. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.