SCHEDULE: BlackRock Portfolio Management Discloses 4.7% Stake in Cardinal Health
Beneficial Ownership Filing
BlackRock Portfolio Management LLC has filed an amended Schedule 13G, disclosing a beneficial ownership of 4.7% of Cardinal Health Inc.'s common stock as of June 30, 2025.
Summary
- BlackRock Portfolio Management LLC reported beneficial ownership of 11,291,592 shares of Cardinal Health Inc. common stock.
- This represents 4.7% of the outstanding class of securities.
- BlackRock Portfolio Management LLC holds sole voting power over 10,398,781 shares and sole dispositive power over 11,291,592 shares.
- The filing is an Amendment No. 1 to a previous Schedule 13G.
- 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.
- Within the broader BlackRock group, Aperio Group, LLC, a subsidiary listed in Exhibit 99, is noted as beneficially owning 5% or greater of Cardinal Health's outstanding shares.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership disclosure (Schedule 13G Amendment) and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or prospects. It simply reports a passive ownership stake.
Future Outlook
No forward-looking statements or guidance regarding Cardinal Health Inc. are provided in this beneficial ownership filing.
Management Comments
- BlackRock Portfolio Management LLC certifies that, to the best of its knowledge and belief, the securities 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 and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.
Industry Context
This filing is a routine disclosure of an institutional investor's passive ownership stake and does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders of Cardinal Health Inc. are informed of BlackRock Portfolio Management LLC's passive ownership stake, which represents a significant institutional holding.
Key Dates
| Date | Description |
|---|---|
| 01/28/2025 | Date of previously revoked Power of Attorney for BlackRock Portfolio Management LLC. |
| 06/30/2025 | Date of event which required the filing of this Schedule 13G amendment. |
| 07/01/2025 | Effective date of the new Power of Attorney for BlackRock Portfolio Management LLC. |
| 07/15/2025 | Date of filing of this Schedule 13G amendment. |
Keywords
Cardinal Health, BlackRock, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Healthcare Distribution
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