The world’s largest asset manager disclosed a passive holding in the NASDAQ-listed firm through a regulatory filing.
BlackRock reported a 7.2% passive stake in Ondas Holdings, equivalent to 38.1 million shares of common stock. The disclosure was made in a Schedule 13G filing with the U.S. Securities and Exchange Commission.
The filing indicates a passive investment, meaning BlackRock does not intend to influence Ondas’ management or operations. The stake reflects the firm’s broader index-tracking strategies rather than an active bet on the company’s performance.
Ondas Holdings, listed on NASDAQ under the ticker ONDS, focuses on private wireless networks and drone technology. No immediate market reaction was reported following the disclosure.