Last Updated: November 2025

BlackRock

BlackRock is the world’s largest asset management corporation and a primary financial enabler of Israel’s military operations and broader military-industrial complex. The June 2025 UN Human Rights Council report explicitly identifies BlackRock as complicit in what it calls Israel’s “economy of genocide” through a web of investments in Israeli government bonds, weapons manufacturers, and surveillance technology, and BlackRock refused to respond to the UN calls to divest.

Investments Enabling Military Violence

BlackRock manages $13 trillion in assets, with $90–100 billion tied directly to military and weapons companies. Its holdings include $68 million in Israeli government bonds bought during major wartime issuances, which helped fund a doubling of Israel’s war budget. BlackRock is a major shareholder in Elbit Systems—Israel’s largest weapons producer and provider of drones and targeting technologies for attacks on Gaza. It also maintains multi-billion dollar stakes in all leading U.S. arms contractors including Lockheed Martin, Boeing, RTX, Northrop Grumman, and others, whose products are consistently documented as being deployed in Israeli Genocide on Gaza.

AI Surveillance and Nuclear Weapons Exposure

BlackRock is the second-largest institutional investor in Palantir Technologies, supplying automated targeting algorithms like “Lavender” and “Gospel” used for mass casualty operations, with positions valued around $10–12 billion. It holds significant shares in companies tied to military AI, and biometric surveillance, and discriminatory permit systems, including Microsoft, Amazon, Google, and IBM, which are named by the UN as “enablers” of Israeli state violence. BlackRock’s nuclear weapons exposure is conservatively estimated at $35–51 billion across the principal U.S. nuclear arms manufacturers.

The 2025 UN report argues BlackRock is linked to human rights violations through investment relationships and calls for sanctions, divestment, and criminal investigation.

Sources:

Business and Human Rights Resource Centre BlackRock did not respond to urgent call by UN Experts to cease the transfer of arms to Israel
Fintel BlackRock, Inc. reports 16.54% increase in ownership of ESLT / Elbit Systems Ltd.
Fintel BlackRock ownership in Palantir Technologies
Fintel BlackRock ownership in Lockheed Martin
Nasdaq BlackRock's AUM Touches Record $13.46T as Q3 Earnings Top Estimates
United Nations Human Rights Council From economy of occupation to economy of genocide – (A/HRC/59/23) Report of the Special Rapporteur on the situation of human rights in the Palestinian territories occupied since 1967
Weapon Free Funds BlackRock Equity Dividend Fund

List of investments in companies complicit in war and human and labour rights violations

Total Investment: $588.23B

Companies are sorted by investment amount (highest to lowest)

List of complicit funds

BLACKROCK EQUITY DIVIDEND FUND
BlackRock Funds-BlackRock Global Equity Market Neutral Fund
Blackrock Inc.
iShares Trust-iShares Core MSCI EAFE ETF
iShares Trust-iShares Core S&P 500 ETF
iShares Trust-iShares Core S&P Mid-Cap ETF
iShares Trust-iShares Core S&P Small-Cap ETF
iShares Trust-iShares International Select Dividend ETF
iShares Trust-iShares MSCI EAFE ETF
iShares Trust-iShares MSCI EAFE Small-Cap ETF
iShares Trust-iShares Russell 2000 ETF
iShares Trust-iShares S&P Mid-Cap 400 Growth ETF
iShares, Inc.-iShares Core MSCI Emerging Markets ETF
iShares, Inc.-iShares MSCI Mexico ETF