We're cutting one of our financial stock positions due private credit concerns
By Jeff Marks
Published on March 2, 2026.
We are selling 30 shares of BlackRock at roughly $1,072 each due to private credit concerns. This move will reduce the company's overall weighting to under 1% from about 1.8%. The sale comes as BlackRock's stock rose nearly 1% on Monday. The sale will result in a small average gain of about 7% on stock purchased in late 2024 and early 2025. BlackRock is a strong operator and its base fees make it more resilient than any other sector. However, the stock could become guilty by association due to this uncertainty.
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