BlackRock (NYSE: BLK) discloses 8.1% beneficial stake in MasTec (MTZ) common stock
Rhea-AI Filing Summary
BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 6,400,155 shares of MASTEC INC common stock. This represents 8.1% of the outstanding common shares. BlackRock reports sole voting power over 6,077,505 shares and sole dispositive power over 6,400,155 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no individual client holds more than five percent of MasTec’s outstanding common shares.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership: 6,400,155 shares
Ownership percentage: 8.1%
Sole voting power: 6,077,505 shares
+3 more
6 metrics
Beneficial ownership
6,400,155 shares
MasTec common stock beneficially owned by BlackRock, Inc.
Ownership percentage
8.1%
Percent of MasTec common stock class beneficially owned by BlackRock, Inc.
Sole voting power
6,077,505 shares
MasTec shares over which BlackRock has sole power to vote or direct the vote
Shared voting power
0
MasTec shares over which BlackRock has shared power to vote
Sole dispositive power
6,400,155 shares
MasTec shares over which BlackRock has sole power to dispose or direct disposition
Shared dispositive power
0
MasTec shares over which BlackRock has shared power to dispose
Key Terms
beneficially owned, Sole Voting Power, Sole Dispositive Power, Schedule 13G, +1 more
5 terms
beneficially owned financial
"this reflects the securities beneficially owned, or deemed to be beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"5 | Sole Voting Power 6,077,505.00 6 | Shared Voting Power"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"7 | Sole Dispositive Power 6,400,155.00 8 | Shared Dispositive Power"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Schedule 13G regulatory
"A listing of the shareholders of an investment company registered under the Investment Company Act"
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
parent holding company financial
"If a parent holding company has filed this schedule, pursuant to (ii)(G)"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of MasTec (MTZ) does BlackRock currently report owning?
BlackRock reports beneficial ownership of 8.1% of MasTec’s outstanding common stock. This ownership is based on 6,400,155 common shares, as disclosed in the amended Schedule 13G filing.
Does any single BlackRock client own more than 5% of MasTec (MTZ)?
No. The filing states that while various persons have rights to dividends or sale proceeds, no one person’s interest exceeds five percent of MasTec’s total outstanding common shares held through BlackRock.
Who is the reporting person in this MasTec (MTZ) Schedule 13G/A?
The reporting person is BlackRock, Inc., a Delaware corporation. The filing aggregates holdings of certain BlackRock business units whose beneficial ownership is reported on a combined basis under SEC Release No. 34-39538.
What type of MasTec (MTZ) security does BlackRock’s 13G/A cover?
The Schedule 13G/A covers MasTec, Inc. common stock, identified by CUSIP 576323109. BlackRock’s reported ownership and voting/dispositive powers all relate to this class of equity security.