BlackRock has revealed the sale of some of its holdings in Matson as the US container liner operator’s shares rocketed to record heights.

A securities filing by the major investment firm shows it owned more than 6.45m shares of New York-listed Matson on 31 December, giving it a 15.3% stake.

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A year earlier, BlackRock provided the US Securities and Exchange Commission that it had more than 7.21m