BlackRock Acquires $89M Stake in Freedom Holding Corp., Becoming Second-Largest Shareholder

BlackRock has increased its stake in Freedom Holding Corp. to 0.85%, investing $89 million and becoming the company's second-largest shareholder by shares. This follows the founder and CEO, Timur Turlov, as the largest shareholder. Other international institutional investors in Freedom Holding include State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management.

New York, United States, July 2, 2025 - BlackRock, Inc., the world's largest investment management company, has significantly increased its stake in Freedom Holding Corp. (NASDAQ: FRHC), taking a 0.85% ownership position. This investment, amounting to approximately $89 million, has made BlackRock the company's second-largest shareholder by shares, following the founder and CEO, Timur Turlov [1].

BlackRock's recent acquisition of 443,965 additional shares during the latest reporting period brought its total stake to 520,565 shares, as reported by Bloomberg [1]. This strategic move underscores the growing interest from global institutional investors in Freedom Holding Corp.

Other prominent international institutional investors in Freedom Holding include State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management. These investors have collectively contributed to the company's robust financial ecosystem and strategic potential in international markets [1][3].

Timur Turlov, founder and CEO of Freedom Holding Corp., expressed his welcome for the increased interest from global investors. "The presence of partners such as BlackRock confirms the resilience of our business and the strategic potential of Freedom Holding in international markets," he said [1][2].

BlackRock, Inc., established in 1988, manages over $12.5 trillion in assets as of 2025. The company is renowned for its iShares ETFs and its Aladdin technology platform, which are integral to its investment and risk management strategies [1][3].

Freedom Holding Corp. operates in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The company's principal executive office is located in New York City. In Kazakhstan, Freedom Holding provides brokerage services under the Freedom Broker and Freedom Finance Global brands, and operates Freedom Bank and insurance companies Freedom Life and Freedom Insurance [2][3].

For the 2025 fiscal year, Freedom Holding Corp. reported revenue of $2.1 billion, up 23% year-on-year (YoY), and net profit of $84.5 million. The company's assets increased by 19% YoY to $9.9 billion [3].

References:
[1] https://www.fxempire.com/press-release/article/blackrock-becomes-the-second-largest-shareholder-of-freedom-holding-corp-1545111
[2] https://walletinvestor.com/magazine/blackrock-becomes-the-second-largest-shareholder-of-freedom-holding-corp
[3] https://kz.kursiv.media/en/2025-08-30/engk-nknk-blackrock-becomes-second-largest-shareholder-of-freedom-holding/