SCHEDULE: BlackRock Maintains Significant Stake in BGC Group

BlackRock, Inc. reported an updated beneficial ownership of 14.2% of BGC Group, Inc.'s Class A Stock, holding 51,743,911 shares as of September 30, 2025.

Summary

• BlackRock, Inc. beneficially owns 51,743,911 shares of BGC Group, Inc. Class A Stock.
• This ownership represents 14.2% of the total outstanding Class A Stock.
• BlackRock holds sole voting power over 51,112,281 shares and sole dispositive power over 51,743,911 shares.
• No shared voting or dispositive power is reported by BlackRock.
• The filing is an Amendment No. 4 to a Schedule 13G, updating previous ownership disclosures.
• BlackRock certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of BGC Group.
• iShares Core S&P Small-Cap ETF, an entity associated with BlackRock, holds more than 5% of BGC Group, Inc.'s common stock.
• BlackRock Fund Advisors also beneficially owns 5% or greater of the outstanding shares of the security class.

Sentiment

Score: 5

Explanation: The filing is a routine beneficial ownership disclosure, indicating a stable, significant institutional investment. It contains no new positive or negative operational information about BGC Group, Inc.

Positives

• BlackRock's continued significant ownership indicates a sustained institutional interest in BGC Group, Inc.
• The filing confirms BlackRock's position is for ordinary course investment, not for activist control, suggesting stability in the ownership structure.

Future Outlook

No forward-looking statements or guidance regarding BGC Group, Inc. are provided in this beneficial ownership report.

Industry Context

This filing represents a routine disclosure of a significant institutional investor's stake in a publicly traded company. BlackRock, as one of the world's largest asset managers, frequently holds substantial positions across various industries, and this filing reflects its ongoing investment in the financial services sector through BGC Group.

Stakeholder Impact

• Shareholders: Provides transparency regarding a major institutional investor's stake, potentially offering a signal of long-term confidence in BGC Group.

Key Dates

Recommendation

This Schedule 13G filing is a routine disclosure of BlackRock's continued significant beneficial ownership in BGC Group, Inc. It does not contain new financial performance data, strategic announcements, or material changes in BlackRock's stake that would warrant a change in investment recommendation. The certification that the shares are held in the ordinary course of business, not for control, suggests a stable, passive institutional investment. Therefore, a 'hold' recommendation is appropriate as the filing provides no new information to alter an existing investment thesis.

Keywords

BlackRock, BGC Group, Beneficial Ownership, Schedule 13G, Class A Stock, Institutional Investor, Equity Stake, Investment Management