SCHEDULE 13G: BlackRock Reports 5.1% Passive Stake in Nutrien Ltd.

BlackRock, Inc. has disclosed a passive beneficial ownership of 5.1% in Nutrien Ltd.'s common stock, totaling 24,820,750 shares, as of September 30, 2025.

Summary

• BlackRock, Inc. filed a Schedule 13G indicating beneficial ownership of Nutrien Ltd. common stock.
• The filing reports an aggregate beneficial ownership of 24,820,750 shares.
• This represents 5.1% of Nutrien Ltd.'s common stock class.
• BlackRock holds sole voting power over 22,762,839 shares.
• BlackRock holds sole dispositive power over 24,820,750 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Nutrien Ltd.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. The filing is a routine disclosure of a passive stake by a major institutional investor, which can be seen as a vote of confidence. No negative implications are present.

Positives

• A major institutional investor, BlackRock, holds a significant stake, potentially signaling confidence in Nutrien Ltd.'s long-term prospects.
• The passive nature of the stake (13G filing) suggests BlackRock is not seeking to influence management or strategy, which can provide stability.

Risks

• The filing itself does not detail company-specific risks for Nutrien Ltd.
• As a passive ownership disclosure, it does not indicate any intent to influence control, which could be a risk if the company faced activist pressure.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding Nutrien Ltd.'s future performance or BlackRock's investment strategy beyond the passive nature of the current stake.

Management Comments

• The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

BlackRock, as one of the world's largest asset managers, routinely files Schedule 13G reports to disclose passive ownership stakes exceeding 5% in public companies. This filing reflects a standard investment position in Nutrien Ltd., a leading global producer of potash, nitrogen, and phosphate products for agricultural purposes.

Stakeholder Impact

• Shareholders: May view BlackRock's significant, passive stake as a sign of institutional confidence, potentially contributing to market stability for Nutrien Ltd. shares.
• Management: The passive nature of the stake indicates no immediate pressure or intent to influence corporate strategy from BlackRock.

Next Steps

• BlackRock will continue to monitor its investment in Nutrien Ltd.
• BlackRock will file amendments to this Schedule 13G if its beneficial ownership materially changes (e.g., crosses 10% or drops below 5%) or if its investment intent changes from passive.

Key Dates

Keywords

Nutrien Ltd., BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Fertilizer, Agriculture