Size doesn’t only matter in tech. We’re seeing the same bloated superpowers in the finance realm. “As investors pile into index funds, BlackRock, Vanguard, and State Street have become the leading shareholders in many public companies. With combined ownership ranging from 35.5% at Host Hotels & Resorts to 6.1% at Las Vegas Sands, on average the Big Three own 22% of the typical S&P 500 company.” Bloomberg: The Hidden Dangers of the Great Index Fund Takeover.