BlackRock, Inc. has disclosed its position in Bellway plc, a UK-based residential property developer. As of 12 August 2024, BlackRock holds 7.02% of the 12.5p ordinary shares in Bellway, representing 8,360,674 securities. Additionally, they hold cash-settled derivatives amounting to 0.39% and stock-settled derivatives of 0.00%. BlackRock has also engaged in reducing short positions through cash-settled derivative transactions. Furthermore, they have transferred out 525 shares of Bellway plc.
The disclosure by BlackRock, Inc. provides insight into their significant ownership in Bellway plc, a key player in the UK's residential property development sector. This information is crucial for investors and market analysts to understand the dynamics of ownership and trading activities within the company. It also sheds light on BlackRock's investment strategies and positions in the real estate development sector.