Vanguard is uniquely owned by its funds, and those funds are in turn owned by the individual shareholders who invest in them. This mutual ownership structure means that Vanguard is essentially owned by its customers—the investors in its funds—not by outside investors or a single entity. This structure allows Vanguard to operate with a focus on low costs and aligning its interests with those of its investors.

Next, I will gather information on who owns BlackRock.{"queries":["who owns BlackRock 2025"]}BlackRock is a publicly traded company owned by its shareholders. Its shares are traded on the New York Stock Exchange under the ticker symbol BLK. Ownership is distributed among institutional investors, mutual funds, pension funds, and individual shareholders. The largest shareholders typically include institutional investors such as The Vanguard Group, BlackRock's own funds, and major investment firms like State Street. BlackRock is also led by CEO Larry Fink, who is a significant individual shareholder. In summary:

• BlackRock is owned by public shareholders.
• Major shareholders are institutional investors including Vanguard and State Street.
• It is a publicly traded company on the NYSE.
• CEO Larry Fink is a key individual shareholder.

Now to summarize ownership of both Vanguard and BlackRock.BlackRock is a publicly traded company owned by its shareholders, including institutional investors such as The Vanguard Group, BlackRock's own funds, and other major investment firms. Its shares are traded on the New York Stock Exchange under the ticker symbol BLK, and the CEO Larry Fink is a significant individual shareholder. Vanguard, in contrast, has a unique mutual ownership structure where it is owned by its funds, which are owned by the investors in those funds. This means Vanguard is effectively owned by its customers and has no outside investors. In summary:

Company| Ownership Structure| Key Owners
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BlackRock| Publicly traded company| Institutional investors (including Vanguard and State Street), CEO Larry Fink, public shareholders
Vanguard| Owned by its funds, which are owned by investors| Fund shareholders (clients/investors)

This means that while BlackRock is owned by a variety of shareholders including institutions and the public, Vanguard is owned by its own investors through its unique mutual structure, aligning its interests tightly with those of its fund investors.