SCHEDULE 13G: BlackRock Discloses 5.1% Stake in Charter Communications

BlackRock, Inc. has reported a 5.1% beneficial ownership stake in Charter Communications, Inc.'s Class A Stock as of December 31, 2025.

Summary

• BlackRock, Inc. beneficially owns 6,596,572 shares of Charter Communications, Inc. Class A Stock.
• This ownership represents 5.1% of the total outstanding Class A Stock.
• BlackRock holds sole voting power over 5,981,955 shares.
• BlackRock holds sole dispositive power over all 6,596,572 shares.
• The filing indicates that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
• Various BlackRock business units, including BlackRock Life Limited, BlackRock Advisors, LLC, and BlackRock Fund Managers Ltd, contribute to this aggregate 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 towards the issuer's performance or prospects. It is neutral.

Positives

• The disclosure of a significant institutional investor like BlackRock holding a 5.1% stake can signal confidence in Charter Communications' long-term prospects.
• BlackRock's passive investment stance, as certified in the filing, suggests stability in the ownership structure without immediate intent to influence control.

Negatives

• No specific negative information regarding Charter Communications, Inc. is contained within this beneficial ownership disclosure.

Risks

• No specific risks related to Charter Communications, Inc. are mentioned in this beneficial ownership filing.

Future Outlook

NA

Management Comments

• "By signing below 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 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 §§ 240.14a-11."

Industry Context

This filing indicates a significant, passive investment by one of the world's largest asset managers, BlackRock, in a major telecommunications and media company, Charter Communications. Such disclosures are common for large institutional investors who cross the 5% ownership threshold, reflecting their broad market exposure and portfolio management strategies rather than a specific strategic move related to the issuer's operations.

Comparison to Industry Standards

• BlackRock's 5.1% stake in Charter Communications is a standard level of passive institutional ownership for a large-cap company, consistent with the portfolio diversification strategies of major asset managers.
• Similar to other large institutional investors like Vanguard or State Street, BlackRock frequently holds significant, but non-controlling, stakes across numerous publicly traded companies, including peers of Charter Communications in the telecommunications sector.

Corporate Governance

Stakeholder Impact

• Shareholders: The disclosure confirms a significant institutional holder, which can contribute to market stability and liquidity.
• Management: Awareness of a large, passive institutional investor in the shareholder base.

Next Steps

• BlackRock will continue to monitor its beneficial ownership in Charter Communications, Inc. and file amendments to this Schedule 13G if there are material changes to its ownership percentage or investment intent.

Key Dates

Keywords

BlackRock, Charter Communications, Beneficial Ownership, Schedule 13G, Class A Stock, Institutional Investor, Passive Investment