Core Viewpoint - BlackRock, Inc. has increased its voting rights in Adtran Holdings, Inc. to 12.996%, with a direct holding of 7.48% and indirect voting rights of 5.52% as of December 22, 2025 [4][3]. Group 1: Company Details - The issuer is Adtran Holdings, Inc., located at 901 Explorer Boulevard, Huntsville, United States [2]. - The Legal Entity Identifier (LEI) for Adtran Holdings, Inc. is 549300VV36J86CRRWF77 [2]. Group 2: Notification of Major Holdings - The notification was triggered by the acquisition of shares with voting rights, specifically a voluntary group notification at the subsidiary level [3]. - BlackRock, Inc. is the entity subject to the notification obligation, registered in Wilmington, Delaware, USA [3]. Group 3: Voting Rights Breakdown - As of the latest notification, BlackRock holds 7.48% of voting rights attached to shares and 5.52% through instruments, totaling 12.996% [4]. - The previous notification indicated a voting rights percentage of 7.01% attached to shares and 5.98% through instruments [4]. Group 4: Instruments and Voting Rights - BlackRock holds 1,908,956 voting rights (2.38%) through lent securities and 2,514,218 voting rights (3.14%) through contracts for difference [7][8]. - The total number of voting rights for Adtran Holdings, Inc. is 80,159,786 [4].

Group 1 - SoftBank Group Corp. has agreed to acquire DigitalBridge Group Inc. for $16 per share in cash, valuing the company at approximately $4 billion including debt [1][9] - The acquisition enhances SoftBank's capabilities in scaling data centers and connectivity, which are essential for advancing artificial intelligence applications [1][3] - DigitalBridge manages about $108 billion in assets under management, including a portfolio of leading operators such as DataBank and Vantage Data Centers, providing SoftBank with established relationships in the digital infrastructure sector [2][9] Group 2 - Masayoshi Son views the acquisition as a foundational move for the AI era, emphasizing the increasing demand for computing power and scalable infrastructure [3] - The transaction is expected to close in the second half of 2026, pending regulatory approvals, and follows a period of intense activity in the data center space [5][9] - DigitalBridge's shares jumped nearly 10% to $15.27 on the announcement day, reflecting a significant increase from a previous market value of about $2.5 billion [6][9] Group 3 - The acquisition aligns with SoftBank's broader ambitions in AI infrastructure, building on its prior experience in asset management acquisitions [7][9] - SoftBank is also involved in the $500 billion Stargate project to develop data centers in the US, committing to deploy $100 billion immediately [8] - The partnership is seen as a once-in-a-generation opportunity to support major tech companies in expanding their AI capabilities [4]

Core Viewpoint - BlackRock Inc. stock is currently priced at $1085.47, reflecting a slight decrease of 0.24% in the current market session, but has seen a monthly increase of 4.51% and a yearly increase of 5.89% [1] Group 1: P/E Ratio Analysis - The P/E ratio is a critical metric for assessing a company's market performance, comparing the current share price to its earnings per share (EPS) [5] - BlackRock's P/E ratio stands at 28.01, which is significantly lower than the Capital Markets industry average of 60.42, suggesting that the stock may be undervalued or that investors expect poorer performance compared to peers [6] - A lower P/E ratio can indicate undervaluation but may also imply that shareholders do not anticipate future growth [9][10] Group 2: Investment Considerations - Investors should not rely solely on the P/E ratio for investment decisions, as it has limitations and should be considered alongside other financial metrics and qualitative factors [10]

Group 1 - The core point of the article is that BlackRock has increased its stake in Mengniu Dairy's H-shares from 6.72% to 7.23% as of December 24 [1] Group 2 - The increase in BlackRock's shareholding indicates a growing confidence in Mengniu Dairy's performance and potential in the market [1] - This change in ownership may influence investor sentiment and market dynamics surrounding Mengniu Dairy [1] - The transaction reflects ongoing interest from major investment firms in the dairy sector, particularly in the context of Hong Kong's stock market [1]

Group 1 - BlackRock reduced its stake in Li Auto-W (02015) by 8.196 million shares on December 23, with an average price of HKD 65.4387 per share, totaling approximately HKD 536 million [1] - After the reduction, BlackRock's remaining shareholding is approximately 87.1786 million shares, representing a holding percentage of 4.88% [1]

智通财经APP获悉，香港联交所最新资料显示，12月23日，贝莱德减持香港交易所(00388)8471股，每股 作价407.12港元，总金额约为344.87万港元。减持后最新持股数目约为6339.07万股，最新持股比例为 4.99%。 （原标题：贝莱德减持香港交易所(00388)8471股 每股作价407.12港元） ...

Group 1 - BlackRock reduced its stake in China Communications Services (00552) by selling 5.114 million shares at a price of approximately HKD 4.4628 per share, totaling around HKD 22.82 million [1] - After the reduction, BlackRock's latest shareholding stands at approximately 118 million shares, representing a holding ratio of 4.92% [1]

Core Viewpoint - BlackRock has reduced its stake in China Communication Services (00552) by selling 5.114 million shares at a price of HKD 4.4628 per share, totaling approximately HKD 22.82 million, resulting in a new holding of about 118 million shares, representing 4.92% of the company [1] Group 1 - BlackRock sold 5.114 million shares of China Communication Services on December 22 [1] - The sale price per share was HKD 4.4628, leading to a total transaction value of approximately HKD 22.82 million [1] - After the reduction, BlackRock's remaining shares in the company are approximately 118 million, equating to a holding percentage of 4.92% [1]

Group 1 - BlackRock reduced its stake in Hong Kong Exchanges and Clearing (00388) by 8,471 shares at a price of HKD 407.12 per share, totaling approximately HKD 3.4487 million [1] - After the reduction, BlackRock's latest shareholding stands at approximately 63.3907 million shares, representing a holding percentage of 4.99% [1]

Core Insights - The article discusses the performance comparison between two BlackRock ETFs in the small-cap sector, highlighting a growing disparity between momentum and quality strategies in investment [1]. Group 1: ETF Performance - The iShares Russell 2000 ETF (IWM) has recently outperformed its peers, indicating a strong momentum in the small-cap market [1].