BI
BlackRock Institutional Trust Company, N.A.: 13F Holdings & AI Insights
BlackRock Institutional Trust Company, N.A.CIK: 0000913414
Diversified strategyMomentum followerLong-term holder
Total reported value
$675.4B
Reporting period: 2016-12-31 · Number of holdings: 3855
BlackRock Institutional Trust Company, N.A. disclosed 3855 holdings in its latest 13F filing for the period ending 2016-12-31, with total reported value of $675.4B and a quarterly turnover rate of 11.8%.
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Personality snowflake
- Concentration
- 1.72
- Portfolio Stability
- 11.76
- Momentum/Contrarian
- 79.86
- Sector conviction
- 43.71
- Diversification
- 100
- Sizing Uniformity
- 60.63
BlackRock Institutional Trust Company, N.A.'s disclosed holdings carry a Herfindahl concentration index of 0.004 — mathematically equivalent to about 232 equally-sized positions, well below its 3855 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 3.94), 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 46% 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 BAC
+3.3% $1.9B
Add JPM
+1.2% $2.0B
Trim AMZN
+1.7% -$772.1M
Add WFC
+1.1% $1.4B
Trim META
+1.6% -$697.4M
Add C
+2.3% $1.1B
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
The aggressive add cycle in JPM, BAC, C, GS, and WFC signals a deliberate front-run of financial deregulation and rate normalization — Alpha hunting through factor timing rather than breadth expansion. The simultaneous uptick in CVX and MSFT completes a reflation trifecta that is textbook macro-conscious capital rotation.
Macro & Fundamentals
BlackRock is placing a levered bet on a steepening yield curve, deregulatory financial reform, and pro-cyclical credit expansion, essentially shorting the low-volatility, defensive regimes that dominated pre-2016. The opposing thesis is that this reflation trade is both consensus and backward-looking: if fiscal multipliers disappoint or inflation remains elusive, these same positions will suffer from multiple compression and a reflexive crowded-trade liquidation.
Blind Spots / Risks
The portfolio's pretense of diversification (3831 holdings) conceals that conviction sizing in Financials now constitutes the dominant tracking error — at 17.6% sector weight, any regulatory reversal or credit event becomes a systematic drag rather than a diversifier. The low turnover further implies latency in adjusting to new information, leaving the portfolio vulnerable to a post-reflation pivot if the rate thesis breaks before rebalancing catches up.
This overview is machine-generated from public regulatory data and describes past filings only — it does not constitute financial advice.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 3855 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | Stock-Tech | 2.48% | -0.04% | +1.10% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 1.92% | +0.07% | +1.54% | |
| 3 | XOM | Exxon Mobil CORP | Stock-Energy | 1.49% | -0.01% | +0.68% | |
| 4 | JNJ | Johnson & Johnson | Stock-Healthcare | 1.28% | — | +0.04% | |
| 5 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.25% | +0.25% | +1.17% | |
| 6 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.19% | +0.11% | +2.08% | |
| 7 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.16% | -0.18% | +1.68% | |
| 8 | AEP | American Electric Power Company, Inc. | Stock-Utilities | 1.11% | +0.02% | +0.35% | |
| 9 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.06% | -0.16% | +1.57% | |
| 10 | T | At&t INC | Stock-Comm Services | 1.04% | +0.01% | +1.20% | |
| 11 | WFC | Wells Fargo & Co | Stock-Financials | 0.99% | +0.16% | +1.15% | |
| 12 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.93% | — | +1.32% | |
| 13 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.92% | — | +1.82% | |
| 14 | BAC | Bank Of America CORP | Stock-Financials | 0.92% | +0.26% | +3.31% | |
| 15 | CVX | Chevron CORP | Stock-Energy | 0.88% | +0.07% | +0.79% | |
| 16 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.88% | -0.10% | +0.29% | |
| 17 | VZ | Verizon Communications INC | Stock-Comm Services | 0.87% | — | +0.52% | |
| 18 | PFE | Pfizer INC | Stock-Healthcare | 0.81% | — | +1.99% | |
| 19 | C | Citigroup INC | Stock-Financials | 0.70% | +0.13% | +2.30% | |
| 20 | INTC | Intel CORP | Stock-Tech | 0.69% | — | +1.75% | |
| 21 | HD | Home Depot INC | Stock-Consumer Disc | 0.68% | — | +1.45% | |
| 22 | CMCSA | Comcast Corp-class A | Stock-Comm Services | 0.67% | +0.01% | +2.14% | |
| 23 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.66% | — | +1.59% | |
| 24 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.64% | — | +1.57% | |
| 25 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.64% | +0.06% | +2.19% | |
| 26 | CSCO | Cisco Systems INC | Stock-Tech | 0.62% | — | -0.07% | |
| 27 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.62% | +0.04% | +1.03% | |
| 28 | PEP | Pepsico INC | Stock-Consumer Staples | 0.60% | — | +1.55% | |
| 29 | V | Visa Inc-class A Shares | Stock-Financials | 0.59% | — | +0.52% | |
| 30 | IBM | Intl Business Machines CORP | Stock-Tech | 0.59% | — | +2.14% | |
| 31 | PM | Philip Morris International | Stock-Consumer Staples | 0.53% | — | +0.29% | |
| 32 | MO | Altria Group INC | Stock-Consumer Staples | 0.53% | — | -0.87% | |
| 33 | SLB | Slb LTD | Stock-Energy | 0.46% | +0.02% | +2.35% | |
| 34 | AMGN | Amgen INC | Stock-Healthcare | 0.46% | -0.07% | +2.80% | |
| 35 | ORCL | Oracle CORP | Stock-Tech | 0.46% | — | +1.88% | |
| 36 | WMT | Walmart INC | Stock-Consumer Staples | 0.43% | — | +0.62% | |
| 37 | MMM | 3m Co | Stock-Industrials | 0.42% | — | -0.24% | |
| 38 | MCD | Mcdonald's CORP | Stock-Consumer Disc | 0.41% | — | -3.96% | |
| 39 | ABBV | Abbvie INC | Stock-Healthcare | 0.40% | — | +1.39% | |
| 40 | MA | Mastercard INC - A | Stock-Financials | 0.40% | — | -1.11% | |
| 41 | BMY | Bristol-myers Squibb Co | Stock-Healthcare | 0.40% | — | -1.93% | |
| 42 | GILD | Gilead Sciences INC | Stock-Healthcare | 0.39% | -0.06% | +1.15% | |
| 43 | QCOM | Qualcomm INC | Stock-Tech | 0.39% | — | +1.79% | |
| 44 | MDT | Medtronic plc | Stock-Healthcare | 0.39% | -0.10% | +1.51% | |
| 45 | BA | Boeing Co/the | Stock-Industrials | 0.37% | +0.05% | +4.50% | |
| 46 | CELG | Celgene CORP | Stock-Other | 0.36% | +0.02% | +2.61% | |
| 47 | GS | Goldman Sachs Group INC | Stock-Financials | 0.35% | +0.10% | +0.25% | |
| 48 | CVS | Cvs Health CORP | Stock-Healthcare | 0.35% | -0.06% | +2.29% | |
| 49 | UNP | Union Pacific CORP | Stock-Industrials | 0.35% | +0.02% | +4.89% | |
| 50 | HON | Honeywell International INC | Stock-Industrials | 0.34% | — | +0.96% |
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 | 3855 | $675.4B | 12 | |
| 2016-09-30 | 3900 | $642.6B | 11 | |
| 2016-06-30 | 3909 | $615.5B | 11 | |
| 2016-03-31 | 3952 | $605.8B | 12 | |
| 2015-12-31 | 3966 | $605.5B | 15 | |
| 2015-09-30 | 3975 | $573.2B | 100 | |
| 2015-06-30 | 3933 | $621.6B | 0 | |
| 2015-03-31 | 3879 | $642.3B | 12 | |
| 2014-12-31 | 3922 | $626.0B | 13 | |
| 2014-09-30 | 3852 | $596.0B | 10 | |
| 2014-06-30 | 3961 | $602.3B | 11 | |
| 2014-03-31 | 3973 | $580.3B | 10 | |
| 2013-12-31 | 3991 | $566.3B | 13 | |
| 2013-09-30 | 3963 | $517.5B | 11 | |
| 2013-06-30 | 3984 | $495.3B | 0 |
Holding changes this quarter
BlackRock Institutional Trust Company, N.A.'s most significant position changes for 2016-12-31: Sold out: Linkedin CORP; Sold out: Alcoa INC Com (AA); New buy: Ishares Msci Eafe Value ETF (EFV); Add: Bank Of America CORP (BAC) — shares +3.31%; Add: Jpmorgan Chase & Co (JPM) — shares +1.17%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | BAC | Bank Of America CORP | +0.3% | +3.31% | Add |
| 2 | JPM | Jpmorgan Chase & Co | +0.3% | +1.17% | Add |
| 3 | WFC | Wells Fargo & Co | +0.2% | +1.15% | Add |
| 4 | C | Citigroup INC | +0.1% | +2.30% | Add |
| 5 | BRK-B | Berkshire Hathaway Inc-cl B | +0.1% | +2.08% | Add |
| 6 | GS | Goldman Sachs Group INC | +0.1% | +0.25% | Add |
| 7 | MSFT | Microsoft CORP | +0.1% | +1.54% | Add |
| 8 | CVX | Chevron CORP | +0.1% | +0.79% | Add |
| 9 | NVDA | Nvidia CORP | +0.1% | +2.08% | Add |
| 10 | TEVA | Teva Pharmaceutical-sp Adr | +0.1% | +8552.09% | Add |
| 11 | UNH | Unitedhealth Group INC | +0.1% | +2.19% | Add |
| 12 | IWM | Ishares Russell 2000 ETF | +0.1% | +17.27% | Add |
| 13 | AGG | Ishares Core U.s. Aggregate | +0.1% | +158.64% | Add |
| 14 | BA | Boeing Co/the | +0.1% | +4.50% | Add |
| 15 | MS | Morgan Stanley | +0.1% | -0.45% | Trim |
| 16 | USB | US Bancorp | +0.1% | +1.03% | Add |
| 17 | DIS | Walt Disney Co/the | 0% | +1.03% | Add |
| 18 | TWXCHF | Time Warner INC | 0% | -0.11% | Trim |
| 19 | PNC | Pnc Financial Services Group | 0% | -0.15% | Trim |
| 20 | NFLX | Netflix INC | 0% | +1.80% | Add |
| 21 | MET | Metlife INC | 0% | +1.82% | Add |
| 22 | SCHW | Schwab (charles) CORP | 0% | -0.26% | Trim |
| 23 | COP | Conocophillips | 0% | +2.03% | Add |
| 24 | AXP | American Express Co | 0% | +3.56% | Add |
| 25 | AEP | American Electric Power Company, Inc. | 0% | +0.35% | Add |
| 26 | CELG | Celgene CORP | 0% | +2.61% | Add |
| 27 | SLB | Slb LTD | 0% | +2.35% | Add |
| 28 | UNP | Union Pacific CORP | 0% | +4.89% | Add |
| 29 | T | At&t INC | 0% | +1.20% | Add |
| 30 | CMCSA | Comcast Corp-class A | 0% | +2.14% | Add |
| 31 | IBM | Intl Business Machines CORP | — | +2.14% | Add |
| 32 | HD | Home Depot INC | — | +1.45% | Add |
| 33 | XOM | Exxon Mobil CORP | 0% | +0.68% | Add |
| 34 | AAPL | Apple INC | 0% | +1.10% | Add |
| 35 | YUM | Yum! Brands INC | -0.1% | -3.57% | Trim |
| 36 | EFAV | Ishares Msci Eafe Min Vol Fa | -0.1% | -91.40% | Trim |
| 37 | IVV | Ishares Core S&p 500 ETF | -0.1% | -24.00% | Trim |
| 38 | SPG | Simon Property Group INC | -0.1% | +2.81% | Add |
| 39 | BABA | Alibaba Group Holding-sp Adr | -0.1% | -0.88% | Trim |
| 40 | GILD | Gilead Sciences INC | -0.1% | +1.15% | Add |
| 41 | CVS | Cvs Health CORP | -0.1% | +2.29% | Add |
| 42 | ✓ | -0.1% | -6.24% | Trim | |
| 43 | AMGN | Amgen INC | -0.1% | +2.80% | Add |
| 44 | MDT | Medtronic plc | -0.1% | +1.51% | Add |
| 45 | PG | Procter & Gamble Co/the | -0.1% | +0.29% | Add |
| 46 | META | Meta Platforms Inc-class A | -0.2% | +1.57% | Add |
| 47 | AMZN | Amazon.com INC | -0.2% | +1.68% | Add |
| 48 | ✓ | Linkedin CORP | — | EXIT | Sold out |
| 49 | AA | Alcoa INC Com | — | EXIT | Sold out |
| 50 | EFV | Ishares Msci Eafe Value 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 | 2016-05-10 | 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 | 2014-05-02 | 13F-HR | 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 Institutional Trust Company, N.A. and what type of investor is it?
BlackRock Institutional Trust Company, N.A. 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 $675.4B, spread across 3855 disclosed positions.
What are BlackRock Institutional Trust Company, N.A.'s largest equity positions?
Based on the latest 13F filing, BlackRock Institutional Trust Company, N.A.'s top holdings by market value are:
1. Apple INC (AAPL) — $16.8B (2.5%)
2. Microsoft CORP (MSFT) — $13.0B (1.9%)
3. Exxon Mobil CORP (XOM) — $10.1B (1.5%)
4. Johnson & Johnson (JNJ) — $8.6B (1.3%)
5. Jpmorgan Chase & Co (JPM) — $8.5B (1.3%)
What changes did BlackRock Institutional Trust Company, N.A. make in its most recent portfolio filing?
In the latest reported quarter, BlackRock Institutional Trust Company, N.A. made 50 notable position adjustments: 1 new positions were initiated, 38 existing holdings were added to, 9 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Linkedin CORP; Sold out: Alcoa INC Com (AA); New buy: Ishares Msci Eafe Value ETF (EFV); Add: Bank Of America CORP (BAC) — shares +3.31%; Add: Jpmorgan Chase & Co (JPM) — shares +1.17%
What sectors does BlackRock Institutional Trust Company, N.A. focus on?
BlackRock Institutional Trust Company, N.A. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 20.6%
• Financials: 17.6%
• Health Care: 16.6%
• Communication Services: 14.7%
• Consumer Discretionary: 9.1%
• Consumer Staples: 8.3%
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