Core Insights - BlackRock is increasing its exposure to US equities and artificial intelligence, reflecting confidence in the US stock market's performance and potential growth in AI spending [1][3][4] Group 1: Investment Strategy - BlackRock's model portfolios are now 2% overweight in equities, shifting focus from international developed stocks to US stocks due to strong earnings performance [2][3] - The firm has seen significant inflows into its ETFs, with $3.4 billion entering the iShares S&P 100 ETF, marking its largest one-day influx [6] Group 2: Market Performance - The S&P 500 has reached all-time highs this year, driven by enthusiasm for AI and expectations of a Federal Reserve interest-rate-cutting cycle [3][4] - US corporate earnings have grown by 11% since Q3 2024, significantly outperforming developed markets, which have seen less than 2% growth [3][4] Group 3: AI Focus - BlackRock is shifting from a broad-based US tech ETF to an AI-focused fund, indicating a strategic pivot towards AI investments [7] - Nearly $1.4 billion flowed into the iShares AI Innovation and Tech Active ETF, while the iShares US Technology ETF experienced a loss of $2.7 billion [7] Group 4: Model Portfolio Growth - BlackRock's model portfolio assets have increased to approximately $185 billion, up from $150 billion earlier this year, highlighting the growing popularity of these investment strategies [5]

Group 1 - Groq, a developer of hardware specifically designed for artificial intelligence inference, has successfully raised $750 million in its latest funding round [3] - This funding round has led to Groq achieving a valuation of $6.9 billion [3] - The funding was led by Disruptive and included investments from notable firms such as Blackrock and Neuberger [3]

Group 1 - BlackRock increased its stake in Beijing Capital International Airport (00694) by 134,000 shares at a price of HKD 2.858 per share, totaling approximately HKD 383,000 [1] - Following the increase, BlackRock's total shareholding in the company is approximately 132 million shares, representing a holding percentage of 7% [1]

Group 1 - BlackRock increased its stake in Beijing Capital International Airport (00694) by 134,000 shares at a price of HKD 2.858 per share, totaling approximately HKD 383,000 [1] - Following the increase, BlackRock's total shareholding in the company is approximately 132 million shares, representing a 7% ownership stake [1]

Investment Strategies - BlackRock is revamping its fixed-income division [1] - The revamp involves new investment strategies and AI integration [1] Technology & Innovation - AI is a key component of the new investment strategies [1]

Core Insights - BlackRock is preparing to bring exchange-traded funds (ETFs) onto the blockchain, reflecting a broader industry trend towards digitization [1][2] - Tokenization of ETFs could revolutionize trading by allowing shares to be traded outside of market hours and increasing access for international investors [2][3] - The move is driven by rising retail demand for digital assets, with BlackRock's existing tokenized money market fund, BUIDL, managing around $2 billion in assets [3][4] Group 1 - BlackRock's initiative to tokenize ETFs is seen as an inevitable step in the industry's shift towards digital assets [1][2] - Current tokenized products include a tokenized money market fund by Franklin Templeton and a tokenized digital mutual fund by WisdomTree, but no tokenized ETFs are yet available on major exchanges [2] - Tokenization is expected to enhance operational efficiencies for issuers and broaden access for retail investors, similar to the decentralization seen in Bitcoin [3] Group 2 - BlackRock's spot bitcoin ETF, the iShares Bitcoin Trust ETF (IBIT), has attracted $87 billion in assets since its launch last year, indicating strong market interest in digital asset products [4] - The tokenized fund BUIDL, which also launched last year, currently manages approximately $2 billion in assets, showcasing BlackRock's commitment to digital liquidity solutions [4]

Group 1 - BlackRock increased its long position in China Petroleum & Chemical Corporation's H-shares from 5.65% to 6.68% as of September 11 [1]

Group 1 - BlackRock's stake in Li Ning increased from 4.66% to 5.31% as of September 12 [1]

Group 1 - BlackRock's stake in Kuaishou-W increased from 5.69% to 6.08% as of September 12 [1]

Core Points - Nemetschek SE has reported a change in voting rights due to a notification from BlackRock, Inc. regarding its shareholding [1][3] - BlackRock, Inc. has crossed the threshold of 3% voting rights in Nemetschek SE, with a new total of 7.32% [5][6] - The notification indicates a slight decrease in BlackRock's voting rights from the previous 7.42% [5][6] Company Details - Nemetschek SE is located at Konrad-Zuse-Platz 1, 81829 München, Germany [2] - The Legal Entity Identifier (LEI) for Nemetschek SE is 529900R0S2IX1S358J38 [2] Shareholding Details - As of September 11, 2025, BlackRock holds 7.08% of voting rights attached to shares and 0.24% through instruments, totaling 7.32% [5][6] - The total number of voting rights in Nemetschek SE is reported as 115,500,000 [5] Instruments and Voting Rights - BlackRock holds 2,689 voting rights through lent securities, representing 0.002% [8] - Additionally, BlackRock has 275,403 voting rights through contracts for difference, accounting for 0.24% [9]