BA
BlackRock Advisors LLC Institutional Portfolio (13F)
BlackRock Advisors LLCCIK: 0001086364
Diversified strategy
Total reported value
$98.8B
Reporting period: 2016-12-31 · Number of holdings: 4510
BlackRock Advisors LLC disclosed 4510 holdings in its latest 13F filing for the period ending 2016-12-31, with total reported value of $98.8B and a quarterly turnover rate of 26.4%.
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Personality snowflake
- Concentration
- 2.57
- Portfolio Stability
- 26.39
- Momentum/Contrarian
- 62.49
- Sector conviction
- 49.31
- Diversification
- 100
- Sizing Uniformity
- 52.63
BlackRock Advisors LLC's disclosed holdings carry a Herfindahl concentration index of 0.006 — mathematically equivalent to about 156 equally-sized positions, well below its 4510 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 4.74), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 41% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Recent moves
Add SPY
+52.7% $1.3B
Trim GLD
-25.1% -$839.8M
Add BAC
+11.2% $741.0M
Add IWM
+1021.8% $621.5M
Add 73935A104
+379.9% $512.5M
Add C
+10.5% $434.2M
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
BlackRock is executing a capital rotation — slashing gold and dividend ETFs to pump into SPY, IWM, and the big money-center banks. This isn't passive drift; it's a deliberate re-levering into reflation and cyclical beta.
Macro & Fundamentals
The flows telegraph a regime trade: betting on synchronized growth acceleration and a steepening yield curve. They are weaponizing the post-election rotation, overweighting Financials and underweighting gold, utilities, and dividend yield. The opposing thesis: this bet front-runs a rate cycle that could invert the curve and strangle growth — the same rate regime that kills the bank trade.
Blind Spots / Risks
The portfolio's extreme diversification masks a concentrated active bet in bank stocks and small-cap ETFs. If the reflation trade unravels — say, from geopolitical shock or a hawkish Fed — the crowd-rush for the exit in these consensus long positions (BAC, C, IWM) could create a liquidity trap that BlackRock's footprint cannot escape without incurring massive slippage.
Produced with AI assistance from publicly disclosed 13F data. Historical only; not a personalized investment recommendation.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 4510 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.53% | +1.26% | +52.71% | |
| 2 | BAC | Bank Of America CORP | Stock-Financials | 2.07% | +0.73% | +11.21% | |
| 3 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.03% | +0.36% | -4.89% | |
| 4 | PFE | Pfizer INC | Stock-Healthcare | 1.82% | +0.16% | +16.34% | |
| 5 | AAPL | Apple INC | Stock-Tech | 1.79% | — | -5.70% | |
| 6 | GLD | Spdr Gold Shares | ETF-Commodities | 1.60% | -0.89% | -25.14% | |
| 7 | C | Citigroup INC | Stock-Financials | 1.56% | +0.42% | +10.55% | |
| 8 | MSFT | Microsoft CORP | Stock-Tech | 1.41% | +0.09% | +0.62% | |
| 9 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 1.27% | +0.16% | +17.21% | |
| 10 | UNH | Unitedhealth Group INC | Stock-Healthcare | 1.24% | +0.15% | +0.62% | |
| 11 | WFC | Wells Fargo & Co | Stock-Financials | 1.14% | +0.13% | -8.28% | |
| 12 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 1.08% | — | -2.76% | |
| 13 | ✓ | Stock-Other | 0.86% | — | -3.80% | ||
| 14 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.85% | -0.24% | -18.56% | |
| 15 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.83% | -0.21% | -13.73% | |
| 16 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.83% | — | +22.40% | |
| 17 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.80% | — | -7.81% | |
| 18 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 0.77% | -0.34% | -33.71% | |
| 19 | XOM | Exxon Mobil CORP | Stock-Energy | 0.73% | -0.17% | -20.29% | |
| 20 | MPC | Marathon Petroleum CORP | Stock-Energy | 0.73% | — | -5.81% | |
| 21 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.71% | — | -12.18% | |
| 22 | QCOM | Qualcomm INC | Stock-Tech | 0.71% | — | -8.21% | |
| 23 | VZ | Verizon Communications INC | Stock-Comm Services | 0.71% | — | -3.08% | |
| 24 | HD | Home Depot INC | Stock-Consumer Disc | 0.71% | — | -17.08% | |
| 25 | MS | Morgan Stanley | Stock-Financials | 0.70% | +0.27% | +24.19% | |
| 26 | CVX | Chevron CORP | Stock-Energy | 0.69% | +0.11% | +5.98% | |
| 27 | ELV | Elevance Health INC | Stock-Healthcare | 0.69% | — | -2.71% | |
| 28 | GS | Goldman Sachs Group INC | Stock-Financials | 0.69% | +0.25% | +7.60% | |
| 29 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.69% | +0.63% | +1021.81% | |
| 30 | ✓ | Stock-Other | 0.66% | +0.52% | +379.93% | ||
| 31 | CSCO | Cisco Systems INC | Stock-Tech | 0.62% | -0.14% | -13.81% | |
| 32 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.61% | — | +2.58% | |
| 33 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.60% | -0.30% | -24.42% | |
| 34 | USB | US Bancorp | Stock-Financials | 0.60% | — | -23.20% | |
| 35 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.57% | — | +0.39% | |
| 36 | ORCL | Oracle CORP | Stock-Tech | 0.56% | — | +24.11% | |
| 37 | NEE | Nextera Energy INC | Stock-Utilities | 0.56% | — | +17.62% | |
| 38 | ✓ | Stock-Other | 0.56% | — | -18.47% | ||
| 39 | DOW | Dow Chem Co | Stock-Materials | 0.53% | +0.19% | +43.34% | |
| 40 | APC3EUR | Anadarko Petroleum CORP | Stock-Other | 0.48% | — | -8.02% | |
| 41 | OXY | Occidental Petroleum CORP | Stock-Energy | 0.48% | — | -3.82% | |
| 42 | INTC | Intel CORP | Stock-Tech | 0.48% | — | +12.02% | |
| 43 | MRO* | Marathon Oil CORP | Stock-Other | 0.48% | — | -3.40% | |
| 44 | LQD | Ishr Ibx Usd Invgd Cb Etf-ui | ETF-Corp Bonds | 0.48% | — | -1.01% | |
| 45 | KR | Kroger Co | Stock-Consumer Staples | 0.47% | — | -10.83% | |
| 46 | MO | Altria Group INC | Stock-Consumer Staples | 0.47% | — | -20.16% | |
| 47 | DUK | Du Pont E I De Nemour&Co | Stock-Utilities | 0.46% | — | -22.05% | |
| 48 | PRU | Prudential Financial INC | Stock-Financials | 0.46% | — | -13.12% | |
| 49 | AIG | American International Group | Stock-Financials | 0.45% | — | -13.07% | |
| 50 | SU | Suncor Energy INC | Stock-Energy | 0.42% | — | +10.00% |
1–50 of 200
Portfolio Performance
Not enough priced holdings yet to compute performance
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2016-12-31 | 4510 | $98.8B | 26 | |
| 2016-09-30 | 4527 | $97.2B | 21 | |
| 2016-06-30 | 4569 | $98.5B | 24 | |
| 2016-03-31 | 4562 | $95.3B | 27 | |
| 2015-12-31 | 4659 | $94.4B | 25 | |
| 2015-09-30 | 4706 | $93.3B | 100 | |
| 2015-06-30 | 4176 | $96.2B | 0 | |
| 2015-03-31 | 4139 | $97.6B | 24 | |
| 2014-12-31 | 4328 | $99.3B | 24 | |
| 2014-09-30 | 4321 | $100.5B | 24 | |
| 2014-06-30 | 4213 | $105.7B | 100 | |
| 2014-03-31 | 4181 | $102.1B | 0 | |
| 2013-12-31 | 4161 | $104.0B | 0 | |
| 2013-09-30 | 4030 | $99.4B | 21 | |
| 2013-06-30 | 4073 | $95.4B | 0 |
Holding changes this quarter
BlackRock Advisors LLC's most significant position changes for 2016-12-31: New buy: Ishares China Large-cap ETF (FXI); Sold out: ; New buy: Ss Spdr S&p Retail ETF (XRT); Add: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares +52.71%; Trim: Spdr Gold Shares (GLD) — shares -25.14%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SPY | Ss Spdr S&p 500 ETF Trust-us | +1.3% | +52.71% | Add |
| 2 | BAC | Bank Of America CORP | +0.7% | +11.21% | Add |
| 3 | IWM | Ishares Russell 2000 ETF | +0.6% | +1021.81% | Add |
| 4 | ✓ | +0.5% | +379.93% | Add | |
| 5 | C | Citigroup INC | +0.4% | +10.55% | Add |
| 6 | JPM | Jpmorgan Chase & Co | +0.4% | -4.89% | Trim |
| 7 | MS | Morgan Stanley | +0.3% | +24.19% | Add |
| 8 | GS | Goldman Sachs Group INC | +0.3% | +7.60% | Add |
| 9 | DAL | Delta Air Lines INC | +0.2% | +79.50% | Add |
| 10 | DOW | Dow Chem Co | +0.2% | +43.34% | Add |
| 11 | HUM | Humana INC | +0.2% | +76.55% | Add |
| 12 | HCA | Hca Healthcare INC | +0.2% | +689.39% | Add |
| 13 | PFE | Pfizer INC | +0.2% | +16.34% | Add |
| 14 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | +0.2% | +17.21% | Add |
| 15 | UNH | Unitedhealth Group INC | +0.2% | +0.62% | Add |
| 16 | WFC | Wells Fargo & Co | +0.1% | -8.28% | Trim |
| 17 | LOW | Lowe's Cos INC | +0.1% | +55.25% | Add |
| 18 | HLT | Hilton Worldwide Holdings Inc. | +0.1% | +714.10% | Add |
| 19 | XLF | Ss Financial Select Sector | +0.1% | +34.01% | Add |
| 20 | CVX | Chevron CORP | +0.1% | +5.98% | Add |
| 21 | APD | Air Products & Chemicals INC | +0.1% | +161.74% | Add |
| 22 | MSFT | Microsoft CORP | +0.1% | +0.62% | Add |
| 23 | ✓ | St Jude Med INC | -0.1% | -91.37% | Trim |
| 24 | CME | Cme Group INC | -0.1% | -41.08% | Trim |
| 25 | REGN | Regeneron Pharmaceuticals | -0.1% | -40.77% | Trim |
| 26 | BUD | Anheuser-busch Inbev-spn Adr | -0.1% | -76.26% | Trim |
| 27 | TMO | Thermo Fisher Scientific INC | -0.1% | -48.99% | Trim |
| 28 | ✓ | Shire PLC | -0.1% | -83.78% | Trim |
| 29 | CSCO | Cisco Systems INC | -0.1% | -13.81% | Trim |
| 30 | TWXCHF | Time Warner INC | -0.1% | -79.84% | Trim |
| 31 | MDT | Medtronic plc | -0.1% | -9.32% | Trim |
| 32 | XLE | Ss Energy Select Sector | -0.2% | -71.43% | Trim |
| 33 | ATVIEUR | Activision Blizzard INC | -0.2% | -24.29% | Trim |
| 34 | V | Visa Inc-class A Shares | -0.2% | -25.18% | Trim |
| 35 | ILMN | Illumina INC | -0.2% | -84.47% | Trim |
| 36 | ALLY | Ally Financial INC | -0.2% | -63.80% | Trim |
| 37 | XOM | Exxon Mobil CORP | -0.2% | -20.29% | Trim |
| 38 | MRK | Merck & Co. INC. | -0.2% | -13.73% | Trim |
| 39 | TEVA | Teva Pharmaceutical-sp Adr | -0.2% | -71.13% | Trim |
| 40 | JNJ | Johnson & Johnson | -0.2% | -18.56% | Trim |
| 41 | LLY | Eli Lilly & Co | -0.3% | -58.20% | Trim |
| 42 | AMGN | Amgen INC | -0.3% | -30.87% | Trim |
| 43 | RTN1USD | Raytheon Company | -0.3% | -52.73% | Trim |
| 44 | META | Meta Platforms Inc-class A | -0.3% | -24.42% | Trim |
| 45 | AEP | American Electric Power Company, Inc. | -0.3% | -33.71% | Trim |
| 46 | QNDX | State Street SPDR Portfolio Nasdaq 100 ETF | -0.4% | -46.77% | Trim |
| 47 | GLD | Spdr Gold Shares | -0.9% | -25.14% | Trim |
| 48 | FXI | Ishares China Large-cap ETF | — | NEW | New buy |
| 49 | ✓ | — | EXIT | Sold out | |
| 50 | XRT | Ss Spdr S&p Retail ETF | — | NEW | New buy |
Filing History
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2016-12-31 | 2017-02-10 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-08 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-10 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-12 | Amendment | View on EDGAR |
| 2016-03-31 | 2016-05-10 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-11 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-10-09 | Amendment | View on EDGAR |
| 2015-06-30 | 2015-08-07 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-13 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-09 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-10-29 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-06 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-06-05 | Amendment | View on EDGAR |
| 2014-03-31 | 2014-05-02 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-06-05 | Amendment | View on EDGAR |
| 2013-12-31 | 2014-02-12 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-12 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-13 | 13F-HR | View on EDGAR |
FAQ
What is BlackRock Advisors LLC and what type of investor is it?
BlackRock Advisors LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2016-12-31), the firm manages a tracked equity portfolio valued at approximately $98.8B, spread across 4510 disclosed positions.
What are BlackRock Advisors LLC's largest equity positions?
Based on the latest 13F filing, BlackRock Advisors LLC's top holdings by market value are:
1. Ss Spdr S&p 500 ETF Trust-us (SPY) — $3.5B (3.5%)
2. Bank Of America CORP (BAC) — $2.0B (2.1%)
3. Jpmorgan Chase & Co (JPM) — $2.0B (2.0%)
4. Pfizer INC (PFE) — $1.8B (1.8%)
5. Apple INC (AAPL) — $1.8B (1.8%)
What changes did BlackRock Advisors LLC make in its most recent portfolio filing?
In the latest reported quarter, BlackRock Advisors LLC made 50 notable position adjustments: 2 new positions were initiated, 20 existing holdings were added to, 27 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Ishares China Large-cap ETF (FXI); Sold out: ; New buy: Ss Spdr S&p Retail ETF (XRT); Add: Ss Spdr S&p 500 ETF Trust-us (SPY) — shares +52.71%; Trim: Spdr Gold Shares (GLD) — shares -25.14%
What sectors does BlackRock Advisors LLC focus on?
BlackRock Advisors LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Financials: 24.3%
• Health Care: 21.5%
• Information Technology: 16.8%
• Communication Services: 11.6%
• Consumer Discretionary: 8.2%
• Energy: 8.0%
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