BlackRock Holds 22.8% Stake in Arrow Electronics
Ticker: ARW · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 7536
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, large-holder
TL;DR
**BlackRock still owns a huge chunk of Arrow Electronics, showing continued institutional backing.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 24, 2024, reporting its ownership in Arrow Electronics, Inc. as of December 31, 2023. This filing indicates BlackRock's passive investment in Arrow Electronics' Common Stock, holding 6,366,166 shares, which represents 22.8% of the company's outstanding shares. This matters to investors because BlackRock, a major institutional investor, maintains a significant stake, signaling continued confidence in Arrow Electronics' long-term prospects, despite a slight decrease from previous filings.
Why It Matters
BlackRock's substantial, albeit slightly reduced, passive ownership in Arrow Electronics suggests institutional confidence, which can reassure other investors about the stock's stability and long-term value.
Risk Assessment
Risk Level: low — This filing indicates a passive investment by a large institutional investor, which generally reduces volatility and signals stability.
Analyst Insight
A smart investor would note BlackRock's continued significant, passive stake as a sign of institutional stability, but also recognize that this is an amendment to a passive filing, not an active investment change, and should research Arrow Electronics' fundamentals independently.
Key Numbers
- 6,366,166 — Shares Owned (BlackRock's total beneficial ownership in Arrow Electronics Common Stock as of December 31, 2023.)
- 22.8% — Ownership Percentage (The percentage of Arrow Electronics' Common Stock beneficially owned by BlackRock, indicating a significant stake.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Arrow Electronics, Inc. (company) — the subject company in which BlackRock holds shares
- 6,366,166 (dollar_amount) — number of shares of Common Stock beneficially owned by BlackRock
- 22.8% (dollar_amount) — percentage of Arrow Electronics' class of securities owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Arrow Electronics for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
Who filed this SC 13G/A amendment?
BlackRock Inc. filed this SC 13G/A amendment, as indicated in the 'FILED BY' section of the filing.
What company's shares are being reported in this filing?
This filing reports on the Common Stock of ARROW ELECTRONICS, INC., as stated under 'Name of Issuer' and 'Title of Class of Securities'.
As of what date is the ownership information accurate?
The ownership information is accurate as of December 31, 2023, which is listed as the 'Date of Event Which Requires Filing of this Statement'.
How many shares of Arrow Electronics does BlackRock Inc. beneficially own?
BlackRock Inc. beneficially owns 6,366,166 shares of Arrow Electronics' Common Stock, as detailed in the filing.
What percentage of Arrow Electronics' Common Stock does BlackRock Inc. own?
BlackRock Inc. owns 22.8% of Arrow Electronics' Common Stock, as reported in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding ARROW ELECTRONICS, INC. (ARW).