SCHEDULE: BlackRock Discloses 12.3% Stake in Pacific Airport Group

BlackRock, Inc. has reported a significant 12.3% beneficial ownership stake in Pacific Airport Group's Series B Shares as of December 31, 2025.

Summary

• BlackRock, Inc. has filed a Schedule 13G, reporting its beneficial ownership in Pacific Airport Group.
• As of December 31, 2025, BlackRock beneficially owns 52,613,696 Series B Shares of Pacific Airport Group.
• This ownership represents 12.3% of the total outstanding Series B Shares.
• BlackRock holds sole voting power over 50,739,918 shares and sole dispositive power over all 52,613,696 shares.
• 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.
• BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., is identified as an entity that beneficially owns 5% or greater of the outstanding shares of the security class.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of an ownership stake by a large institutional investor. It is factual and neutral, providing no explicit positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• BlackRock, a major institutional investor, holding a significant stake (12.3%) in Pacific Airport Group may signal confidence in the company's long-term prospects.
• The filing indicates that BlackRock's stake is for ordinary course investment purposes, not for control, suggesting a passive, long-term investment strategy.

Future Outlook

This Schedule 13G filing is a historical report of ownership and does not contain forward-looking statements or guidance regarding Pacific Airport Group's future performance or BlackRock's future investment intentions beyond the certification that the shares are held in the ordinary course of business.

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

BlackRock, as one of the world's largest asset managers, routinely files Schedule 13G reports to disclose its passive ownership stakes exceeding 5% in publicly traded companies. This filing reflects BlackRock's ongoing investment activities across various sectors, including the airport infrastructure industry represented by Pacific Airport Group. Such disclosures are common for large institutional investors managing diverse portfolios.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by BlackRock could be viewed positively, potentially indicating institutional confidence and stability in the shareholder base.
• Management: Awareness of a major institutional investor's stake may influence management's strategic decisions, though BlackRock certifies its intent is not to influence control.

Key Dates

Keywords

BlackRock, Pacific Airport Group, Schedule 13G, Institutional Ownership, Series B Shares, Investment, Shareholding, SEC Filing, P4959P100