164 Douglas Macgregor has a point... (twitter.com) posted 1 year ago by ashlanddog 1 year ago by ashlanddog +165 / -1 26 comments share 26 comments share save hide report block hide replies
It's really no mystery - go to Yahoo Finance and look at any big company, look for the "Holders" and inevitably it is Black Rock, Vanguard and State Street as the major holders: https://finance.yahoo.com/quote/RTX/holders?p=RTX
Then you look up say, State Street, and Vanguard and Black Rock control the biggest share: https://finance.yahoo.com/quote/RTX/holders?p=RTX
So they own the biggest fraction, of the biggest fraction, of the biggest fraction, etc........ of just about any significant company.
This was written about in an article I read in the last couple years on a substack somewhere, but I cant find it again off hand.