What Makes BlackRock (BLK) an Attractive Investment?

New York City-based full-service investment firm LVS Advisory, an investment management firm, recently released its fourth quarter 2022 investor letter. A copy of the same can be downloaded here. The fund’s defensive portfolio for the full year he was up 3.8% (net of all fees and expenses). It outperformed the benchmark Barclays High Yield Bond Index by 15.2%. However, its growth portfolio decreased by 35.8% over the same period (minus all fees and expenses). For more information on the fund’s top picks for 2022, check out our top 5 holdings.

LVS Advisory highlighted stocks such as BlackRock, Inc. (NYSE:BLK) in its fourth quarter 2022 investor letter. BlackRock, Inc. (NYSE:BLK) is a New York-based investment manager. On January 5, 2023, BlackRock, Inc. (NYSE: BLK) stock closed at $701.24 per share. BlackRock, Inc.’s (NYSE: BLK) one-month return was -0.81%, and the company’s stock has lost 21.41% of his value over the past 52 weeks. BlackRock, Inc. (NYSE:BLK) has a market capitalization of $105.323 billion.

LVS Advisory made the following comments about BlackRock, Inc. (NYSE:BLK) in its Q4 2022 Investor Letter:

“We bought shares black rock company (NYSE: BLK). BlackRock is one of the largest investment managers in the world, and I know some of the business. BlackRock is an investment powerhouse as it holds leading positions in virtually every category and has gained market share over time.

BlackRock has a competitive advantage because it has industry-leading technology (the Aladdin platform) that enables investment organizations to outsource much of their back office. Our industry-leading scale also allows us to price our investment products competitively while maintaining profitability. The combination of cutting-edge technology and low prices makes it very difficult to compete with BlackRock. Furthermore, we believe investors misunderstand pricing headwinds in the ETF market by mistaking currency headwinds and mix shifts for ‘commission compression’. We have a different view that BlackRock’s advisory fee rate will be higher than the market currently expects…” (Click here to read full article)

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BlackRock, Inc. (NYSE:BLK) isn’t on the list of the 30 hottest hedge funds. According to our database, 46 hedge fund portfolios held his BlackRock, Inc. (NYSE:BLK) at the end of the third quarter, compared with 50 last quarter.

We covered BlackRock, Inc. (NYSE:BLK) in a separate article and shared a list of undervalued wide moat stocks to invest in. Additionally, see investor letters from hedge funds and others on our Q4 2022 Hedge Fund Investor Letters page. major investor.

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Disclosure: None. This article was originally published on Insider Monkey.

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