Blackrock Vanguard. They are BlackRock Vanguard and State Street. At Pfizer the ownership is reversed with Vanguard being the top investor and BlackRock the second-largest stockholder.
But when you are BlackRock you start to try harder -- investing more and taking bigger risks like adding back in guaranteed income forgone when defined contributions replaced defined benefits. The Vanguard Group Inc. Vanguard and BlackRock represent the 1 of the 1 who have garnered 82 of the worlds wealth.
These are the worlds biggest investment firms so Pepsico and Coca-Cola are not competitors at all.
The smaller investors are owned by larger investors. Among the family names tied into the two are the Rothschilds the Bushes the British Royal family the Du Ponts the Vanderbilts and the Rockefellers. BlackRock is a late mover relative to Vanguard and Fidelity. These four Vanguard Blackrock State Street and Berkshire Hathaway are the four largest investment firms on the planet.