Sorrento Therapeutics Inc (SRNE): Blackrock holds those shares in their in...

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FitzyP33

Re: dia76ca post# 13433

Friday, 04/08/2022 9:49:07 AM

Friday, April 08, 2022 9:49:07 AM

Blackrock holds those shares in their index funds because they have to.

In other words no portfolio manager at Blackrock analyzed SRNE and said lets buy some shares.

This is a mistake I've seen a million times. Retail investors say so and so owns shares when in fact it's their index funds or ETFs. Yes, they own the shares, but not because they want to.

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