Blackrock Innovation & Growth Trust
BIGZ
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- John M. Perlowski
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 55 East 52nd Street New York City NY United States of America 10055
- IPO Date
- Mar 26, 2021
- CIK
- 0001836057
- Similar Companies
- Business
- BlackRock Innovation & Growth Trust (NYSE: BIGZ) is a closed-end management investment trust sponsored by BlackRock Advisors, LLC, focused on seeking total return through a combination of current income and capital appreciation by investing primarily in equity securities of innovation and growth companies. The trust's portfolio emphasizes U.S. and non-U.S. companies across sectors such as technology, healthcare, and consumer discretionary, including software, biotechnology, internet services, and semiconductors; it employs a bottom-up investment approach targeting high-growth issuers with strong fundamentals and employs leverage through borrowings and preferred shares to enhance returns. BIGZ offers investors exposure to innovation themes like artificial intelligence, cloud computing, and digital transformation via its diversified holdings, which may include common stocks, preferred stocks, convertible securities, and derivatives; the trust trades on the New York Stock Exchange and is managed by a team leveraging BlackRock's global research platform. Headquartered in Wilmington, Delaware, and launched in 2021, BIGZ operates globally with investments spanning North America, Europe, and Asia-Pacific regions, targeting institutional and retail investors seeking thematic equity exposure. In recent developments, the trust announced a strategic share repurchase program in 2024 to enhance shareholder value amid market volatility, alongside portfolio adjustments to increase allocations to AI and semiconductor leaders following robust sector performance; it also expanded its use of options strategies for risk management in response to elevated interest rates. These changes reflect ongoing efforts to optimize yield and growth potential in a dynamic innovation landscape, with no major acquisitions or name changes reported in the last two years.