BlackRock, Inc., an American global investment management corporation based in New York City, disclosed ownership of 5,331,594 WWE Class A Common Stock according to a document filed at the United States Securities and Exchange Commission on January 31.

Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is today the world’s largest asset manager with $5.98 trillion in assets under management as of December 2018. Their purchase in WWE represents 12.3% ownership of Class A WWE stock. BlackRock is the 10th-largest hedge fund by assets under management.

In their previous filing dated January 19, 2018, BlackRock Inc. had reported owning 4,889,363 shares, indicating an increase of 9.04 percent.