Blackrock, Vanguard and State Street are the three largest holders of Lumen stock. They hold around 310 million shares combined.
Source: https://fintel.io/s-b/us/lumn
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These companies have the largest index mutual funds ... so they tend to own the largest share of most companies in the index.
State Street and Vanguard are largely in name only. The beneficial ownership is to their clients' accounts.
OP - Blackrock, Vanguard or State Street is the majority shareholder of 88% of companies in the S&P500.
The Yes man always has to put his 1 cent into everything! Clueless air!
chill out yes man.
What does this have to do with layoffs? Fu-k off to the stock whiners boards.