ICQ BB GP, LLC Increases Stake in Blue Owl Capital Inc. to 3.5%

On May 15, 2026, ICQ BB GP, LLC filed a Schedule 13G/A regarding its holdings in Blue Owl Capital Inc. (OWL). The filing indicates that as of March 31, 2026, ICQ BB GP, LLC beneficially owns 23,500,000 shares of Class A Common Stock, representing a 3.5% ownership stake. This position is held through BB Holdings AC LP and BB Holdings AA LP. Additionally, the filing includes several other reporting persons under the ICONIQ Capital umbrella, including Divesh Makan, who may be deemed to beneficially own a total of 34,353,844 shares (5.1%) across multiple entities including the ICQ Limited Partnerships and Co-Investment Portfolio 2021 LP. The reporting persons have sole voting and dispositive power over their respective shares and have expressly disclaimed membership in a 'group.' The ownership percentages were calculated based on 675,802,413 shares outstanding as of March 31, 2026. This amendment reflects an increase from a previously reported 0% position for ICQ BB GP, LLC.