BlackRock Mid-Cap Growth Equity Portfolio Institutional Shares
CMGIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- WILMINGTON DE 19809 Wilmington DE United States of America 19809
- IPO Date
- Dec 27, 1996
- CIK
- 0000844779
- Website
- blackrock.com
- Similar Companies
- Business
- BlackRock Mid-Cap Growth Equity Portfolio Institutional Shares (CMGIX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of U.S. mid-capitalization growth companies with above-average earnings growth potential, generally defined as those comparable in size to companies in the Russell Midcap Growth Index; the fund primarily purchases common stocks but may also invest in preferred stocks, convertible securities, and other equity securities, including initial public offerings. It operates within the mid-cap growth segment of the U.S. equity market, targeting institutional investors such as retirement plans and high-net-worth individuals, with portfolio holdings diversified across sectors like information technology (33.3%), industrials (20.3%), financials (14.0%), and health care (12.6%) as of May 31, 2025; top holdings include AppLovin Corp., Palantir Technologies Inc., Axon Enterprise Inc., Vertiv Holdings Co., and HEICO Corp. The fund, launched on December 27, 1996, is managed by BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., and is domiciled in the United States with headquarters at 55 East 52nd Street, New York, New York. In September 2024, the Board of Trustees approved amendments to the fund's principal investment strategy to comply with updated Rule 35d-1 (Names Rule) under the Investment Company Act of 1940, with changes effective on or about September 26, 2025, refining the description of its focus on mid-cap growth equities while confirming its flexibility to invest in common stocks, preferred stocks, convertibles, and IPOs. On November 19, 2025, BlackRock replaced portfolio managers Phil Ruvinsky and Caroline Bottinelli with Reid Menge, comanager of BlackRock Technology Opportunities, and Sally Du, head of quantitative strategy for BlackRock's income and value team, introducing a new process blending quantitative models with fundamental stock-picking by analysts. These strategic shifts aim to enhance the fund's alignment with regulatory standards and improve its investment process amid evolving market dynamics in the mid-cap growth space.