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Blackrock's Major Moves in Q1: Significant Increase in Energy and Chip Stocks, Reduction in the 'Magnificent Five' of US Equities
① In the first quarter of this year, Blackrock significantly increased its holdings in chip and energy stocks, likely reflecting optimism about the prospects of the chip and energy sectors amid the AI boom and tensions with Iran; ② Among the previously high-flying “Magnificent Seven” US stocks, Blackrock reduced its stakes in five of the largest giants; ③ Blackrock’s 13F filings largely mirror changes in the market capitalization structure of US stocks, and its moves are often regarded as a barometer for the US stock market.