Benchmark Downgrades Block’s Outlook Amid Fund Activity

Fintel reports that on May 2, 2025, Benchmark downgraded their outlook for Block (LSE:0L95) from Buy to Hold.

Recent Fund Sentiment Towards Block

Currently, there are 1,813 funds or institutions holding positions in Block, reflecting a rise of 126 investors or 7.47% in the last quarter. The average portfolio weight for all funds invested in 0L95 stands at 0.34%, marking a substantial increase of 105.68%. Over the past three months, total shares held by institutions grew by 4.47%, now amounting to 457,153K shares.

Actions of Notable Shareholders

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 17,548K shares, representing 3.14% ownership of the company. This is a slight decrease of 0.51% from its previous holding of 17,637K shares. However, the firm’s portfolio allocation in 0L95 grew by 24.14% over the last quarter.

JPMorgan Chase has increased its stake to 17,237K shares, which represents 3.08% ownership. In its last filing, it reported 15,888K shares, indicating an increase of 7.82%. JPMorgan Chase also raised its allocation in 0L95 by 34.59% over the past quarter.

VIMSX – Vanguard Mid-Cap Index Fund Investor Shares now holds 12,028K shares, translating to 2.15% ownership. Previously, it held 11,757K shares, reflecting an increase of 2.25%. Over the last three months, portfolio allocation in 0L95 was raised by 28.54%.

Baillie Gifford maintains 11,168K shares, corresponding to 2.00% ownership of the company. This represents an increase from its prior 10,233K shares, or 8.37%. Baillie Gifford’s portfolio allocation in 0L95 grew by 41.87% during the last quarter.

Sands Capital Management holds 10,340K shares, indicating 1.85% ownership. Previously, it owned 11,228K shares, a decrease of 8.59%. Nevertheless, the firm increased its portfolio allocation in 0L95 by 13.67% over the last quarter.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.