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BlackRock just upped its stake in 3 US tech giants

Portia CroweJan 27, 2016, 02:28 IST

Fink, Chairman and CEO of Blackrock Inc., gestures at the session 'The Global Economic Outlook' in the Swiss mountain resort of DavosThomson Reuters

BlackRock has upped its stake in some big-name tech companies.

The world's largest asset manager, with assets under management of $4.5 trillion, now has a 5.6% stake in Facebook, a 5.6% stake in HP, and a 5.7% stake in Apple, according to SEC filings published in recent days.

Apple's stock has taken a slide in recent months and is currently trading below $100. HP's stock is trading around $9.50.

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Facebook, meanwhile is up from a year ago, and trading around $97, versus $77 last January.

Apple will release fourth-quarter earnings later on Tuesday.

We've reached out to BlackRock for comment.

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