BlackRock Inc. increased its stake in Grab Holdings Ltd. by 6.4% during the second quarter. The asset manager acquired 9,357,389 additional shares, according to an August 24, 2026, 13F filing.
BlackRock now holds a total of 156,175,807 shares in the firm. The total position is valued at approximately $588.8 million. This stake represents 3.81% of the company’s total shares.
Institutional investors now collectively own 55.52% of Grab. The acquisition follows a second-quarter earnings report where the company exceeded analyst estimates. Grab recently raised its full-year guidance and expanded its share repurchase program.