Investors poured $130 billion into BlackRock this quarter, mostly through its iShares ETF platform as more people leaned toward passive investing.
That pushed BlackRock's total assets under management to a massive $13.89 trillion, up from $11.58 trillion last year.
While performance fees jumped to $272 million, private market assets slipped slightly to $320.4 billion, but overall, BlackRock showed resilience even as the S&P 500 fell nearly 5%.