BlackRock's 14.3% passive stake signals continued institutional confidence but no activist intent. Monitor for any future conversion to Schedule 13D, which would indicate a shift to active engagement.
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Executive Summary
BlackRock Inc. filed an amended Schedule 13G disclosing a 14.3% passive stake in AXT Inc as of September 30, 2026, representing 9,359,639 shares. This is a routine passive ownership update with no change in investment intent, indicating continued institutional conviction at a significant ownership level.
Key Financial Metrics
Key Facts
- BlackRock Inc. reported beneficial ownership of 9,359,639 shares of AXT Inc common stock as of September 30, 2026
- Stake represents 14.3% of outstanding shares
- Filing is an amendment to Schedule 13G, confirming passive investment intent under Rule 13d-1(b)
- BlackRock Fund Advisors is the entity within BlackRock that beneficially owns 5% or more of the class
- iShares Core S&P Small-Cap ETF, a BlackRock-managed fund, holds more than 5% of AXT common stock
Financial Impact
BlackRock holds 14.3% of AXT, a substantial passive stake worth approximately $38 million based on recent trading levels
Risk Factors
- BlackRock's large stake could create overhang if the fund decides to reduce its position
- Passive filing status means BlackRock is not seeking to influence management or strategy
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0002012383-26-003311 |
| Document: Item_7.txt | 0002012383-26-003311 |
| Document: 0002012383-26-003311-index-headers.html | 0002012383-26-003311 |
| Document: 0002012383-26-003311-index.html | 0002012383-26-003311 |
| Document: 0002012383-26-003311.txt | 0002012383-26-003311 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 5, 2026 21d ago | SC 13G/A | $86.66 $61.98 | ▼ −28.48% | ▼ −28.90% | $56.27 (−35.07%) |
Aug 21, 2026 9w ago | Institutional Cluster | $70.74 $58.63 | ▼ −17.12% | ▼ −17.59% | $56.27 (−20.46%) |
Aug 19, 2026 9w ago | Insider Cluster | $73.15 $66.92 | ▼ −8.52% | ▼ −9.63% | $56.27 (−23.08%) |
Jul 22, 2026 13w ago | 8-K | $52.93 $46.94 | ▼ −11.32% | ▼ −11.79% | $56.27 (+6.31%) |
Jul 8, 2026 15w ago | 8-K | $60.12 $57.57 | ▼ −4.24% | ▼ −5.10% | $56.27 (−6.40%) |
Jul 2, 2026 16w ago | 8-K | $56.62 $62.55 | ▲ +10.47% | ▲ +9.54% | $56.27 (−0.62%) |
Jun 22, 2026 18w ago | 8-K | $77.91 $71.46 | ▼ −8.28% | ▼ −9.29% | $56.27 (−27.78%) |
Jun 17, 2026 18w ago | Insider Cluster | $92.11 $70.14 | ▼ −23.85% | ▼ −22.81% | $56.27 (−38.91%) |
Jun 10, 2026 19w ago | Insider Cluster | $88.34 $92.11 | ▼ −4.27% | ▼ −3.83% | $56.27 (+36.30%) |
Jun 9, 2026 19w ago | 8-K | $85.29 $93.04 | ▲ +9.09% | ▲ +5.65% | $56.27 (−34.03%) |
US Market Status
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