If you look up the top institutional investors in these firms, you will find major asset managers close to the top of the list.
2, and State Street is No.
State Street, Vanguard and BlackRock are the top shareholders in Lockheed, in that order.
Pfizer's top shareholders: Vanguard, BlackRock and State Street.
That's because BlackRock makes money by collecting fees from its investors, not by reaping profits from the companies it invests in.
Persons:
Lockheed Martin, Daniel Sotiroff
Organizations:
Apple, Lockheed, Pfizer, Vanguard, BlackRock, Morningstar Research Services, State
Locations:
BlackRock