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Post by mnholdem on Sept 8, 2017 7:24:46 GMT -5
BRUCE & COMPANY ., INC.(PRN) PRN indicates principal amount on convertible debt securities
Shares Held: 27,690,000 Market Value: $ 17,998,000 Source: 13F Source Date: 2017-06-30 Date Reported: 2017-08-09
FLYNN JAMES E (Deerfield Capital LP)
Shares Held: 5,217,391 Market Value: $ 7,356,521 Source: 13G Source Date: 2017-04-19 Date Reported: 2017-04-19
DEERFIELD MANAGEMENT COMPANY
Shares Held: 2,702,403 Market Value: $ 3,810,000 Source: 13F Source Date: 2017-06-30 Date Reported: 2017-08-14
VANGUARD GROUP INC
Shares Held: 2,539,558 Market Value: $ 3,580,000 Source: 13F Source Date: 2017-06-30 Date Reported: 2017-08-11
SUSQUEHANNA INTERNATIONAL GROUP, LLP(CALL)
Shares Held: 2,338,000 Market Value: $ 3,297,000 Source: 13F Source Date: 2017-06-30 Date Reported: 2017-08-15
GOLDMAN SACHS GROUP INC(CALL)
Shares Held: 2,102,000 Market Value: $ 2,964,000 Source: 13F Source Date: 2017-06-30 Date Reported: 2017-08-14
GOLDMAN SACHS GROUP INC
Shares Held: 2,083,876 Market Value: $ 2,938,000 Source: 13F Source Date: 2017-06-30 Date Reported: 2017-08-14
Source: whalewisdom.com/stock/mnkd (NOTE: To re-arrange list by most shares held, click the Shares Held column header).
Goldman Sachs Group Inc fund recently upped their share holdings by 521,471 shares. About: GSGI offers wealth advisory services, including portfolio management and financial counseling, and brokerage and other transaction services to high-net-worth individuals and families.
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Post by casualinvestor on Sept 8, 2017 8:04:59 GMT -5
I think this is the first we've ever heard of Bruce & Company, and they have over a 25% stake in the company? That would be big news. Is that 13F available? They don't show up on NASDAQ's list.
My previous research through Edgar led me to believe that James E Flynn received 5mil shares for Deerfield on 4-19-17, but those are the same shares reported as being owned by Deerfield on 6/30/17 (aka, Deerfield sold half the shares they received). James E Flynn never filed a 13F
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Post by madog365 on Sept 8, 2017 8:25:19 GMT -5
I think this is the first we've ever heard of Bruce & Company, and they have over a 25% stake in the company? That would be big news. Is that 13F available? They don't show up on NASDAQ's list. My previous research through Edgar led me to believe that James E Flynn received 5mil shares for Deerfield on 4-19-17, but those are the same shares reported as being owned by Deerfield on 6/30/17 (aka, Deerfield sold half the shares they received). James E Flynn never filed a 13F not sure it's accurate , i don't see MNKD in their holdings on nasdaq www.nasdaq.com/quotes/institutional-portfolio/bruce--co-inc-704698 |
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Post by mnholdem on Sept 8, 2017 8:27:39 GMT -5
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Post by dg1111 on Sept 8, 2017 8:30:03 GMT -5
I think this is the first we've ever heard of Bruce & Company, and they have over a 25% stake in the company? That would be big news. Is that 13F available? They don't show up on NASDAQ's list. My previous research through Edgar led me to believe that James E Flynn received 5mil shares for Deerfield on 4-19-17, but those are the same shares reported as being owned by Deerfield on 6/30/17 (aka, Deerfield sold half the shares they received). James E Flynn never filed a 13F not sure it's accurate , i don't see MNKD in their holdings on nasdaq www.nasdaq.com/quotes/institutional-portfolio/bruce--co-inc-704698The data on the Nasdaq link you provided is dated 6/30/17. The 13F in the original post is dated 8/9/2017. |
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Post by mnkdfann on Sept 8, 2017 8:36:23 GMT -5
I think this is the first we've ever heard of Bruce & Company, and they have over a 25% stake in the company? That would be big news. Is that 13F available? They don't show up on NASDAQ's list. "Bruce & CO, Inc. is a registered investment advisory firm located in Chicago, Illinois. The firm manages 14 accounts totaling an estimated $799,937,157 USD in assets under management." According to the link above, it has 2 employees and manages 14 accounts. www.bloomberg.com/profiles/companies/3829852Z:US-bruce-&-co"Bruce & Co operates as an investment management firm. The Company offers portfolio management and advisory services to individuals, high net worth individuals, investment companies, mutual funds, insurance companies, trusts, estates, and charitable organizations." The Bloomberg link identiies two employees (looks like father and son, or at least two male relatives ... a Robert B. and a Robert J. Bruce). Maybe the shares reflect holdings in its customers' accounts? Maybe The Mann Group parks its shares there now? |
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Post by casualinvestor on Sept 8, 2017 8:52:11 GMT -5
NASDAQ doesn't report any of Bruce's PRN entries on the 13F
(PRN) PRN indicates principal amount on convertible debt securities
So I'm guessing this is debt related rather than open market shares.
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Post by #NoMoreNeedles on Sept 8, 2017 10:21:16 GMT -5
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Post by otherottawaguy on Sept 8, 2017 10:49:12 GMT -5
Bruce & Company . is based out of Chicago. Bruce & Company . is a registered investment advisory firm with 11-25 clients and discretionary assets under management (AUM) of $799,937,157 (Form ADV from 2017-03-30). Their last reported 13F filing for Q2 2017 included $421,815,000 in managed 13F securities and a top 10 holdings concentration of 65.81%. Bruce & Company .'s largest holding is AMERCO Inc with shares held of 191,370. Bruce & Company . has met the qualifications for inclusion in our WhaleScore system. Whalewisdom has at least 47 13F filings, and 13 13G filings
MNKD(PRN) HEALTH CARE 27,690,000 $ 17,998,000 4.11% 3.32% 7 No Change 0% N/A Q1 2009 13F 2017-06-30 2017-08-09
Just not sure about the share count 27.69M with a Market value of 18M means the shares are trading at 0.65.
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Post by mnkdfann on Sept 8, 2017 11:03:40 GMT -5
We already have another thread discussing this. But oh well ... investment-advisors.credio.com/l/30523/Bruce-And-CO-Inc "Bruce & CO, Inc. is a registered investment advisory firm located in Chicago, Illinois. The firm manages 14 accounts totaling an estimated $799,937,157 USD in assets under management." According to the link above, it has 2 employees and manages 14 accounts. www.bloomberg.com/profiles/companies/3829852Z:US-bruce-&-co"Bruce & Co operates as an investment management firm. The Company offers portfolio management and advisory services to individuals, high net worth individuals, investment companies, mutual funds, insurance companies, trusts, estates, and charitable organizations." The Bloomberg link identiies two employees (looks like father and son, or at least two male relatives ... a Robert B. and a Robert J. Bruce). Maybe the shares reflect holdings in its customers' accounts? Maybe The Mann Group parks its shares there now? Read more: mnkd.proboards.com/thread/8534/top-funds-holding-mnkd-filings#ixzz4s6UvzvPm |
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Post by otherottawaguy on Sept 8, 2017 11:21:06 GMT -5
Mann group is what I was think as well. Again the value vs the share count is what I am questioning.
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Post by jred on Sept 8, 2017 15:08:30 GMT -5
Believe these are what remains open from the convertible 2018 notes with a 5.75% yield. They were originally the August 2015 notes that were partially paid with the remaining rolled to August 2018. 27,690,000 is the principal amount of the bonds and doesn't reflect the underlying shares. In fact the conversion price is 33.9937 so unless Mannkind renegotiates terms I don't see the holder asking for shares.
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Post by zzhoskins on Sept 8, 2017 15:37:16 GMT -5
Quoting "jred" from the other thread, "Believe these are what remains open from the convertible 2018 notes with a 5.75% yield. They were originally the August 2015 notes that were partially paid with the remaining rolled to August 2018. 27,690,000 is the principal amount of the bonds and doesn't reflect the underlying shares. In fact the conversion price is 33.9937 so unless Mannkind renegotiates terms I don't see the holder asking for shares."
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Post by whale on Sept 8, 2017 15:47:30 GMT -5
That holding has "PRN" next to it which indicates it is a convertible debt security for MNKD. The 27,690,000 is the principal amount on the convertible debt. I'll see if I can make that distinction a little clearer in the holdings table.
It does represent 4.11% of the funds total 13F holdings.
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Post by mikesmilitaria on Sept 9, 2017 12:52:59 GMT -5
It's possible that Bruce & Co. purchased MNKD and is holding for another player. This is legal. When "the other player" wants control of the stock they pay Bruce and Co. a predetermined "holding fee" plus the value of the stock at time of transfer. Maybe "the other player" wants to remain sheltered until the time is right. Who the hell ever heard of Bruce and Co.;they come from nowhere to become MNKD's #1 holder at 27million shares. Does that pass you sniff test?
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