But during an investor presentation in June, BlackRock noted that its revenue accounts for only a 3% share of the global asset management industry as of 2020 — and that the top five asset managers had an 11% share of total global revenues, a figure smaller than what the top firms in such sectors as cloud computing and sales and trading control, according to Bloomberg. But that has not stopped voices such as Sen. Elizabeth Warren, D.-Mass., who has called for stricter government regulation of the asset manager as a systemically important financial institution. As of Sept. 30, more than half of BlackRock's assets were in equities ($5 trillion); about 29% in fixed income ($2.7 trillion); 8.2% in multiasset ($773 billion); and 2.7% in alternatives ($256 billion), according to its latest earnings report.