In a handful of Schedule 13gs filed with the U.S. Securities and Exchange Commission on Friday (January 31, 2009) investment firm BlackRock Inc. reminded us all that they own action fashion. After they purchased Barclays Global Investors from Barclays Bank PLC on December 1, 2010 they own just over five percent of the shares of Volcom, Quiksilver, VF Corp, and Pac Sun.
In fact, with 1.5 million shares of Volcom, 9.6 million shares of Quk, 6.4 million shares of VF Corp and 3.4 million in Pac Sun they’re in to action fashion for over half a billion dollars. . . that’s swinging some pretty large . . . shares.
[Link: SEC]
