SCHEDULE: BlackRock Discloses 5% Stake in Cardinal Health
Beneficial Ownership Disclosure
BlackRock Portfolio Management LLC has reported a 5.0% beneficial ownership stake in Cardinal Health Inc., holding 11,947,456 shares of common stock as of September 30, 2025.
Summary
- BlackRock Portfolio Management LLC, a Delaware-organized entity, has filed a Schedule 13G indicating beneficial ownership in Cardinal Health Inc.
- As of September 30, 2025, BlackRock Portfolio Management LLC beneficially owns 11,947,456 shares of Cardinal Health Inc. common stock.
- This ownership represents 5.0% of the total outstanding common stock of Cardinal Health Inc.
- BlackRock Portfolio Management LLC holds sole voting power over 10,919,560 shares and sole dispositive power over 11,947,456 shares.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Cardinal Health Inc.
- Several BlackRock affiliates, including Aperio Group, LLC and BlackRock Fund Advisors, are identified as subsidiaries involved in the beneficial ownership.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently suggest a positive or negative sentiment regarding the issuer's performance or outlook.
Positives
- A significant institutional investor like BlackRock holding a 5.0% stake may signal confidence in Cardinal Health Inc.'s long-term prospects.
- The investment is stated to be in the ordinary course of business, suggesting a passive, long-term investment rather than an activist position.
Negatives
- No specific negative aspects for Cardinal Health Inc. are disclosed in this beneficial ownership filing.
Risks
- No specific risks related to Cardinal Health Inc.'s operations or financial health are mentioned in this beneficial ownership disclosure.
Future Outlook
This filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Cardinal Health Inc.'s future performance or strategic direction.
Management Comments
- I certify that, to the best of my knowledge and belief, 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
This filing represents a routine disclosure by a major global asset manager, BlackRock, regarding its passive investment in a prominent healthcare services and products company, Cardinal Health. Such institutional ownership is common for large-cap companies and reflects standard portfolio management activities.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Authorization | BlackRock Portfolio Management LLC updated its Power of Attorney, authorizing specific individuals to execute and file documents related to ownership or control-person reporting requirements. This new power of attorney revokes a previous one dated January 28, 2025. | 2025-07-01 | Streamlines compliance and reporting processes for BlackRock's beneficial ownership disclosures. |
Stakeholder Impact
- Shareholders of Cardinal Health Inc. gain transparency regarding a significant institutional investor's stake, which can influence market perception and trading activity.
- The disclosure confirms BlackRock's passive investment intent, reassuring stakeholders that the stake is not for control purposes.
Key Dates
| Date | Description |
|---|---|
| 2025-01-28 | Previous Power of Attorney date, which was revoked by the new one. |
| 2025-07-01 | Effective date of the new Power of Attorney for BlackRock Portfolio Management LLC. |
| 2025-09-30 | Date of the event which requires the filing of this Schedule 13G, reflecting the beneficial ownership stake. |
| 2025-10-17 | Date of filing and signature by BlackRock Portfolio Management LLC. |
Keywords
Cardinal Health, BlackRock, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Healthcare Distribution
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.