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BlackRock, Capital Research and Jefferies Lend 170 Million Euros in Grifols Shares

BlackRock, Capital Research and Management Company, and Jefferies Financial Group lend over 170 million euros in Grifols shares. Specifically, BlackRock, which has a 4.3% stake in the capital of the blood products company, has sold 5,565,420 Grifols shares, 1.3%, for almost 46 million euros. Grifols rose 0.56% in the stock market. Jefferies now holds a 3% stake.




The fund manager BlackRock, Capital Research and Management Company and Jefferies Financial Group have lent more than 170 million euros in Grifols shares , which amounts to a total amount of 21.3 million shares, according to the documentation contained in the National Securities Market Commission (Cnmv).

Specifically, BlackRock, which has a 4.3% stake in the capital of the blood products company, has sold 5,565,420 Grifols shares, 1.3%, for almost 46 million euros, while Capital Research and Management Company, a subsidiary fund of Capital Group, has lent 9.9 million shares, valued at 81.1 million euros.

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Besides BlackRock, Jefferies gains a stake of more than 3% in Grifols

Jefferies Financial Group, the latest firm to gain a stake in the Catalan company, has lent 5,823,938 shares, whose value amounts to 47.7 million euros , which represents 1.3% of the total 3% position that has emerged.

These entities have not indicated in the information sent to the CNMV to whom they have lent these shares or for what purpose. The operation of a bearish investor who trades shorts implies that he has to borrow shares from a third party to sell them in the markets and then buy them back and return them to their original owner. The profit is obtained, thus, when the price of a security falls .

In this way, Grifols rose 0.56% on the stock market around 11:10 a.m. this Wednesday, with its shares trading at a price of 8.1 euros.

JP Morgan chase surfaced a 5.1% stake in Grifols

In total, Jefferies Financial Group owns more than 12.8 million shares of the Catalan company, which at current market prices have a value of more than one hundred million euros. Thus, Jefferies holds the total of this 3% through a financial swap or swap and a right to recover borrowed shares – tripartite, distributed between 1.6% (7,013,242 shares) and 1.3% (5,823. 938 shares), respectively.

For its part, Capital Research and Management Company, a subsidiary fund of Capital Group, has reduced its participation in the blood products firm to 4.5% , being distributed, as a novelty, between 2.2% of voting rights attributed to shares and 2.3% through financial instruments.

In this sense, the part corresponding to financial instruments responds to rights to withdraw borrowed ordinary shares, which add up to a total of 9.9 million titles of the hemoderivatives company , equivalent to 2.3% of its capital and around 81 million of euros.

These notifications have taken place in the midst of an attack by bearish investors, who are increasing their positions in the blood derivatives firm, such as the Qube fund, and in a context also marked by the purchase of securities by its executive directors and directors.

For its part, this Monday JP Morgan also revealed a 5.1% stake in Grifols, which distributes between 1.5% of voting rights attributed to the shares and 3.6% through financial instruments, valued, in total, around 177.8 million euros .

Short positions in Grifols

The Qube fund increased its position on the blood derivatives firm this Monday from 1.4% to 1.5%, remaining the main bearish firm in Grifols’ capital. For its part, the bearish fund Millenium reduced its short position on Grifols last Friday, March 8th, after the company published Kpmg’s approval of the accounts it had previously presented, on February 29th.

Thus, the fund’s bearish position stood at 0.5%, from 0.6% previously. Since October and, especially, in the first quarter of 2024, this entity has been operating with a lot of short activity on Grifols.

Last Thursday, March 7th, the Marshall Wace fund decided to increase its bet against the price of Grifols shares from 0.5% to 0.6%. This fund is co-owned by tycoon Paul Marshall, promoter of the populist and right-wing British television network GB News. Along with Marshall, Ian Wace appears as a partner and the KKR fund is also present, with almost a 40% stake.


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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.