Rep. Ro Khanna reported purchasing as much as $100,000 worth of shares in asset management giant BLK, adding exposure to one of the most influential firms in global capital markets.
The California Democrat disclosed the transaction in a periodic filing under the STOCK Act, which requires members of Congress to report most securities trades within 45 days. The purchase was valued in the $50,000 to $100,000 range, placing the estimated midpoint around $75,000.
BlackRock, which manages trillions of dollars for institutions, governments, and individual investors worldwide, has become a central player in modern financial markets through its iShares ETF platform and its Aladdin risk‑management technology used across Wall Street. The company’s shares recently traded around $924.11, giving it a market capitalization of roughly $143.7 billion.
Details of the transaction
- Date: Feb. 24, 2026
- Action: Buy
- Estimated value: $50,000–$100,000
- Estimated midpoint: about $75,000
- Reported owner: DC
The filing indicates the shares were purchased by a dependent child, a category frequently used in congressional disclosures for trades made in accounts associated with family members.
A widely held stock on Capitol Hill
BlackRock is already a familiar name in congressional portfolios. At least 54 lawmakers have reported trades involving the asset manager, according to public filings that track latest congressional trades.
The firm’s reach across financial markets partly explains its popularity among investors in Washington. BlackRock’s iShares lineup dominates the global exchange‑traded fund industry, while its Aladdin platform provides portfolio analytics and risk management tools used by banks, insurers, and institutional investors worldwide.
That position means BlackRock often sits at the center of major investment trends, from surging ETF inflows to institutional demand for index‑based strategies. Investors also watch the company’s quarterly asset flow data for signals about the health of global markets.
Khanna’s trading activity
Khanna has been one of the more active traders in Congress over his career. Disclosure records show roughly 19,625 total reported transactions across various securities.
The Democrat represents Silicon Valley and serves on several committees, including the House Armed Services Committee and the House Committee on Oversight and Government Reform. He is also a member of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, along with subcommittees covering cybersecurity, information technology, and defense capabilities.
While those assignments do not directly oversee asset managers like BlackRock, the firm’s size and global influence often place it at the center of policy debates ranging from financial regulation to retirement investing and capital markets stability.
For investors, BlackRock’s stock tends to track broader market sentiment alongside the growth of the ETF industry. Strong inflows into index funds and institutional mandates have historically boosted the company’s assets under management and fee revenue, making it a bellwether for trends in passive investing.
Khanna’s February purchase adds another congressional vote of confidence in the asset management giant as demand for ETFs and portfolio analytics continues to expand across global markets.