Blackrock: Freedom Holding’s #2 Investor

FREEDOM HOLDING CORP GOT A VOTE OF CONFIDENCE FROM THE WORLD’S LARGEST ASSET MANAGER

In late August 2025, BlackRock Inc. increased its stake in Freedom Holding Corp., a diversified financial and technology group rooted in Kazakhstan that is actively expanding to more than 20 countries worldwide. With its current stake, the world’s biggest asset manager became Freedom’s second-largest shareholder after its founder and CEO, Timur Turlov.

This transaction is more than just a financial move — it’s a strategic endorsement from a leading institutional investor in an emerging-market innovator.

According to Bloomberg, BlackRock increased its stake in Freedom Holding Corp. by 579% during the latest reporting period, bringing its total ownership to 0.85%. The company acquired an additional 443,965 shares, raising its total investment to 520,565 shares. Based on information from NASDAQ, where Freedom Holding Corp. is listed, a 0.85% stake currently is worth around $90 million.

BlackRock became the largest of Freedom’s 134 institutional investors, which together hold a 3.52% stake in the company. Other professional shareholders include State Street Corp., Geode Capital Management LLC, Millennium Management LLC, Morgan Stanley, Tudor Investment Corp., Vanguard Group Inc., Northern Trust Corp., Vloridge Investment Management, and UBS AM, a distinct business unit of UBS Asset Management Americas. The third-largest investor, State Street Corp., holds a stake almost three times smaller than BlackRock’s: 0.31%.

At first glance, 0.85% may seem insignificant, especially next to the founder’s approximately 70% stake. However, when the shareholder is the world’s largest asset manager with over $12.5 trillion in assets, its influence extends far beyond the numbers, shaping investor perception, corporate behavior, and financial markets worldwide.

First, this sends a powerful positive signal to the market about the company’s credibility. When a major player like BlackRock buys shares, it demonstrates confidence in the company’s strategy, governance, long-term prospects, and growth potential. This strengthens the company’s market reputation and can support its valuation. The involvement of a respected institutional investor increases trading volume and liquidity, making the stock more attractive overall. Retail investors and smaller funds often look to these giants for guidance.

Having strong institutional backing can make it easier for a company to secure future funding since other investors see that large, professional investors already support it. Additionally, the presence of institutional investors reduces stock price volatility. Unlike retail shareholders, they tend to hold shares for longer periods. This provides a stable source of capital and gives management space to execute strategic plans.

For a group like Freedom, which is deeply rooted in emerging markets and actively expanding globally, drawing attention from top-tier investors enhances its international profile and legitimacy. Having BlackRock on the roster, even at less than 1%, signals to regulators, partners, and customers that the company has been thoroughly vetted and backed by a world-class financial institution.

All of these factors contribute to the company’s growth and market value.

“We welcome the growing interest from global institutional investors. The presence of partners such as BlackRock confirms the resilience of our business and the strategic potential of Freedom Holding in international markets,” said Timur Turlov, founder and CEO of Freedom Holding Corp.