SCHEDULE: BlackRock Amends Cardinal Health Stake
Beneficial Ownership Report (Amendment)
BlackRock Portfolio Management LLC has filed an amended Schedule 13G, reporting a 3.8% beneficial ownership stake in Cardinal Health Inc. as of December 31, 2025.
Summary
- BlackRock Portfolio Management LLC, a Delaware-organized entity, reported beneficial ownership of 9,141,796 shares of Cardinal Health Inc. common stock.
- This represents 3.8% of the class of securities.
- The reporting person holds sole voting power over 8,465,682 shares and sole dispositive power over all 9,141,796 shares.
- The filing is an Amendment No. 1 to a Schedule 13G.
- The filing was made on behalf of certain business units of BlackRock, Inc. and its subsidiaries and affiliates, including entities like Aperio Group, LLC and BlackRock Fund Advisors.
Sentiment
Score: 5
Explanation: The filing is a routine beneficial ownership report and does not contain information that would significantly alter the sentiment towards Cardinal Health Inc. It simply confirms a passive stake by a large institutional investor.
Positives
- A major institutional investor, BlackRock Portfolio Management LLC, maintains a significant stake in Cardinal Health Inc., indicating continued institutional presence in the company.
Negatives
- No specific negative information regarding Cardinal Health Inc. is contained within this beneficial ownership report.
Risks
- No specific risks related to Cardinal Health Inc. are disclosed in this beneficial ownership filing.
Future Outlook
NA
Industry Context
BlackRock Portfolio Management LLC, a prominent global asset manager, holds a stake in Cardinal Health Inc., a major player in the healthcare services and products industry. This type of passive institutional ownership is common for large, established companies like Cardinal Health, which operates in the essential healthcare supply chain.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reporting Policy | BlackRock Portfolio Management LLC's filing reflects securities beneficially owned by certain business units of BlackRock, Inc. and its subsidiaries and affiliates, disaggregating ownership from other business units in accordance with SEC Release No. 34-39538. | N/A | Ensures compliance with SEC reporting requirements for complex organizational structures. |
| Power of Attorney Update | BlackRock Portfolio Management LLC executed a new Power of Attorney on July 1, 2025, revoking a previous one from January 28, 2025, for executing ownership or control-person reporting requirements. | 2025-07-01 | Streamlines and formalizes the process for authorized individuals to sign SEC and other regulatory filings on behalf of BlackRock entities. |
Stakeholder Impact
- Shareholders: May view the continued significant stake by BlackRock as a positive signal of institutional presence in Cardinal Health Inc.
Key Dates
| Date | Description |
|---|---|
| 2025-07-01 | Execution date of the Power of Attorney for BlackRock Portfolio Management LLC. |
| 2025-12-31 | Date of event which requires filing of this statement. |
| 2026-01-21 | Filing date of the Schedule 13G Amendment No. 1. |
Keywords
Cardinal Health Inc., BlackRock Portfolio Management LLC, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Healthcare Distribution, Pharmaceuticals, Medical Products
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