BlackRock Q2 13F: Fund boosts KLA Corp stake by 902% to $38B, adds new $8.7B position in SpaceX, and reshuffles Honeywell holdings.

In its Q2 2026 13F filing, BlackRock, Inc. reported a portfolio valued at $6.73 trillion and disclosed several significant adjustments, most notably a major increase in its exposure to the semiconductor and technology hardware sectors. The fund executed a massive 902% increase in its KLA Corp (KLAC) stake, boosting the position's value to $38.08 billion. Other significant additions in the tech space included a 34% increase in Marvell Technology (MRVL) to $25.51 billion, a 10% increase in Taiwan Semiconductor (TSM), and double-digit percentage increases in Teradyne (TER), Coherent Corp (COHR), and Lumentum Holdings (LITE).

A key highlight was the initiation of a new $8.72 billion position in the privately-held Space Exploration Technologies Corp (SPCX). The filing also reflected what appears to be a corporate restructuring for Honeywell; BlackRock closed its $11.04 billion position in Honeywell Intl Inc (HONGBP) while simultaneously opening new positions in Honeywell Aerospace Inc (HONA) and Honeywell Intl Inc (HON) for $5.25 billion and $5.10 billion, respectively. A similar change occurred with Carnival, where a $2.33 billion position was closed and a new $2.75 billion position was opened under a different ticker.

Conversely, BlackRock reduced its exposure in several areas. Notable decreases included a 10% reduction in Qualcomm (QCOM), an 8% cut in Western Digital Corp (WDC), and a 9% decrease in Salesforce Inc (CRM). The firm also significantly scaled back its derivative positions, cutting its call options on the SPDR S&P 500 ETF (SPY) by 37% to $9.59 billion and slashing its call options on the SPDR Gold Trust (GQ9) by 93%.

Position changes