BlackRock
BlackRock, an asset manager overseeing $5.89T in disclosed equity holdings (SEC CIK 0002012383). The latest portfolio (2025Q4) discloses 5484 positions across 11 sectors, with the largest positions in NVDA, AAPL and MSFT. On a mark-to-market basis the tracked portfolio has returned 20.8% since 2024Q3. OpenStocks tracks 6 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
What BlackRock is holding in options
BlackRock disclosed 48 option positions for the 2025Q4 quarter — 41 long-calls and 7 long-puts — totaling $29.87B of underlying-share notional value. The largest exposures are a call on SPY, a call on GLD, a call on QQQ. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
48 positions · $29.87B notional41 CALL · $28.61B7 PUT · $1.26B| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| CALL | SPYSPDR S&P 500 ETF TR | 30M | $20.43B | 68.4% |
| CALL | GLDSPDR GOLD TR | 6.7M | $2.66B | 8.9% |
| CALL | QQQINVESCO QQQ TR | 1.9M | $1.18B | 4.0% |
| PUT | IVVISHARES TR | 1.4M | $926.0M | 3.1% |
| CALL | 02079K907ALPHABET INC | 1.5M | $485.1M | 1.6% |
| CALL | AAPLAPPLE INC | 1.8M | $479.2M | 1.6% |
| CALL | IWMISHARES TR | 1.8M | $446.1M | 1.5% |
| CALL | EFAISHARES TR | 3.1M | $301.2M | 1.0% |
| CALL | NVDANVIDIA CORPORATION | 1.5M | $275.3M | 0.9% |
| CALL | AMZNAMAZON COM INC | 1.2M | $266.2M | 0.9% |
| CALL | TSLATESLA INC | 494K | $222.0M | 0.7% |
| CALL | DALDELTA AIR LINES INC DEL | 2.5M | $171.0M | 0.6% |
| CALL | CCITIGROUP INC | 1.3M | $157.2M | 0.5% |
| PUT | XLUSELECT SECTOR SPDR TR | 3.5M | $148.4M | 0.5% |
| CALL | MSFTMICROSOFT CORP | 290K | $140.2M | 0.5% |
| CALL | METAMETA PLATFORMS INC | 185K | $121.8M | 0.4% |
| CALL | VRTVERTIV HOLDINGS CO | 712K | $115.4M | 0.4% |
| CALL | JPMJPMORGAN CHASE & CO | 351K | $113.1M | 0.4% |
| CALL | AVGOBROADCOM INC | 316K | $109.4M | 0.4% |
| CALL | GSGOLDMAN SACHS GROUP INC | 101K | $89.0M | 0.3% |
| CALL | FITBFIFTH THIRD BANCORP | 1.8M | $85.6M | 0.3% |
| CALL | BACBK OF AMERICA CORP | 1.4M | $77.3M | 0.3% |
| PUT | HYGISHARES TR | 950K | $76.6M | 0.3% |
| CALL | ROKROCKWELL AUTOMATION INC | 180K | $69.9M | 0.2% |
| CALL | ACWIISHARES TR | 471K | $66.6M | 0.2% |
| CALL | WMTWALMART INC | 561K | $62.5M | 0.2% |
| CALL | KRESPDR SER TR | 937K | $60.7M | 0.2% |
| CALL | CARRCARRIER GLOBAL CORPORATION | 1.1M | $57.7M | 0.2% |
| CALL | VSTVISTRA CORP | 353K | $57.0M | 0.2% |
| PUT | ORCLORACLE CORP | 275K | $53.6M | 0.2% |
| CALL | VLOVALERO ENERGY CORP | 316K | $51.4M | 0.2% |
| PUT | IWMISHARES TR | 175K | $43.1M | 0.1% |
| CALL | NFLXNETFLIX INC | 326K | $30.5M | 0.1% |
| CALL | PANWPALO ALTO NETWORKS INC | 159K | $29.2M | 0.1% |
| CALL | GDXVANECK ETF TRUST | 321K | $27.5M | 0.1% |
| CALL | UALUNITED AIRLS HLDGS INC | 246K | $27.5M | 0.1% |
| CALL | DISDISNEY WALT CO | 224K | $25.5M | 0.1% |
| CALL | FCXFREEPORT-MCMORAN INC | 500K | $25.4M | 0.1% |
| CALL | IVVISHARES TR | 33K | $22.5M | 0.1% |
| CALL | BABOEING CO | 73K | $15.9M | 0.1% |
| CALL | RSPINVESCO EXCHANGE TRADED FD T | 68K | $13.0M | 0.0% |
| PUT | SPYSPDR S&P 500 ETF TR | 18K | $12.0M | 0.0% |
| CALL | IBITISHARES BITCOIN TR | 228K | $11.3M | 0.0% |
| CALL | 53626N902LIONSGATE STUDIOS CORP | 805K | $7.3M | 0.0% |
| CALL | PSKYPARAMOUNT SKYDANCE CORP | 500K | $6.7M | 0.0% |
| CALL | SABRSABRE CORP | 2.8M | $3.7M | 0.0% |
| PUT | JBBBJANUS DETROIT STR TR | 50K | $2.4M | 0.0% |
| CALL | EEMISHARES TR | 32K | $1.8M | 0.0% |
Notional = value of the underlying shares at the quarter-end snapshot, not the option premium paid. A long PUT is a bearish bet on the underlying; a long CALL is a bullish bet. The reported value is included in the portfolio total but does not reflect actual capital at risk.