BlackRock Discloses Crown Holdings Stake Dropped Below 5%

Executive Summary

On October 27, 2026, BlackRock Portfolio Management LLC filed an amended Schedule 13G (Amendment No. 1) with the SEC regarding its position in Crown Holdings, Inc. (CCK). The filing reflects ownership status as of September 30, 2026, showing that the reporting entity's beneficial ownership has declined below the standard 5% reporting threshold to 4.6%.

Key Ownership Details

• Issuer: Crown Holdings, Inc. (CIK: 0001219601)
• Reporting Entity: BlackRock Portfolio Management LLC (CIK: 0002052113)
• Class of Security: Common Stock
• Aggregate Shares Beneficially Owned: 4,979,614 shares
• Ownership Percentage: 4.6%
• Voting & Dispositive Power:
  • Sole Voting Power: 4,811,334 shares
  • Shared Voting Power: 0 shares
  • Sole Dispositive Power: 4,979,614 shares
  • Shared Dispositive Power: 0 shares

Significant Disclosures

• Item 5 Certification (Ownership of 5% or Less): The filer checked 'Yes' for Item 5, confirming that as of the reporting date (September 30, 2026), it ceased to be the beneficial owner of more than five percent of the class of securities.
• Ordinary Course of Business: The filing was made under Rule 13d-1(b), certifying that the securities were acquired and held in the ordinary course of business without any intent to change or influence control of the issuer.

Market Implications

While institutional position adjustments by passive asset managers are routine rebalancings, crossing below the 5% threshold is notable because it relieves BlackRock from regular Schedule 13G update requirements for this specific threshold going forward unless its position re-crosses 5%.