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BlackRock isn’t a hedge fund, it’s (primarily) an index provider and just holds stocks including GME on behalf of clients who invest in wide swaths of the marke
by tfehring 6y ago
BlackRock isn’t a hedge fund, it’s (primarily) an index provider and just holds stocks including GME on behalf of clients who invest in wide swaths of the market at once. Most of the profit has probably gone to passive investors who own a little bit of GME as part of a diversified portfolio. (I’m pretty sure that group includes me but I’m not even 100% certain of that.)