|
|
Post by markado on Mar 19, 2019 11:40:07 GMT -5
Would it be likely that institutional shorts, if they wanted to exit, to review and exit certain positions on a quarterly basis, to book their profits, and avoid declining profits in upcoming quarters? That is, in a situation where closing a position is becoming more attractive, vs. remaining short, might one see an uptick in position closing activity closer to quarter end dates? Just asking, if anyone has seen this type of behavior, before?
|
|
|
|
Post by matt on Mar 19, 2019 18:03:09 GMT -5
Institutions MUST mark-to-market their portfolio at the end of each reporting period according to SEC rules. That is why you see large upticks in volume in the first few trading days of a new quarter, especially in October when they tend to dump their losers and load into new investments heading into year end. This applies to long and short positions; they often dump some winners to offset the losers to maximize fund manager compensation for the year.
|
|
|
|
Post by markado on Mar 20, 2019 7:54:21 GMT -5
Institutions MUST mark-to-market their portfolio at the end of each reporting period according to SEC rules. That is why you see large upticks in volume in the first few trading days of a new quarter, especially in October when they tend to dump their losers and load into new investments heading into year end. This applies to long and short positions; they often dump some winners to offset the losers to maximize fund manager compensation for the year. Thanks, Matt. I appreciate the fact-based response and confirmation. |
|
|
|
Post by mnholdem on Aug 11, 2019 6:50:13 GMT -5
Contrasting of MannKind Corporation (MNKD) and Its Competitors Posted by Jenkins Yolanda on August 10, 2019 at 10:54 am “Insider & Institutional Ownership “27.4% of MannKind Corporation’s shares are held by institutional investors. Comparatively, 53.20% of all Biotechnology’s companies shares are held by institutional investors. 0.3% of MannKind Corporation shares are held by company insiders. Comparatively, 8.45% of all Biotechnology companies shares are held by company insiders.” Link: cryptocoinstribune.com/contrasting-of-mannkind-corporation-mnkd-and-its-competitors/Does this mean that ~72% of shares are in the hands of retail investors? If so, it gives a bit more oomph to shareholder activists. |
|
|
|
Post by Clement on Aug 11, 2019 7:29:02 GMT -5
from Mannkind website investors.mannkindcorp.com/stock-information/ownership-profile"Shareholder Breakdown Shareholder Holders Value ($MM) % O/S Shares Institution 166 98.34 27.71 52,056,965 Mutual Fund 155 30.09 13.55 25,434,465 Insider 16 20.58 5.68 10,665,014" According to these numbers from Mannkind website, 53.06% is in the hands of retail investors. |
|
|
|
Post by brotherm1 on Aug 11, 2019 8:24:21 GMT -5
And where do needed retail investors learn of MNKD stock?
|
|
|
|
Post by mannmade on Aug 11, 2019 10:19:16 GMT -5
from Mannkind website investors.mannkindcorp.com/stock-information/ownership-profile"Shareholder Breakdown Shareholder Holders Value ($MM) % O/S Shares Institution 166 98.34 27.71 52,056,965 Mutual Fund 155 30.09 13.55 25,434,465 Insider 16 20.58 5.68 10,665,014" According to these numbers from Mannkind website, 53.06% is in the hands of retail investors. And where is the Mann Group in this? |
|
|
|
Post by mnholdem on Aug 11, 2019 12:34:47 GMT -5
The Mann Group is a holder of debt. Until that debt is repaid in shares @ $2.40 per share per the debt agreement the Mann Group has only those shares left that they originally owned. It’s my understanding that they sold the majority of those shares some time ago when the share price was considerably higher than it is today. The Mann Group shares held today only accounts for a very small percentage of outstanding shares. Five years ago The Mann Group was listed in the Top 3 Major Investors. Today they’re not listed among the Top 20. Source: www.morningstar.com/stocks/xnas/mnkd/ownership |
|
|
|
Post by matt on Aug 11, 2019 16:32:16 GMT -5
from Mannkind website investors.mannkindcorp.com/stock-information/ownership-profile"Shareholder Breakdown Shareholder Holders Value ($MM) % O/S Shares Institution 166 98.34 27.71 52,056,965 Mutual Fund 155 30.09 13.55 25,434,465 Insider 16 20.58 5.68 10,665,014" According to these numbers from Mannkind website, 53.06% is in the hands of retail investors. You have to be a little bit careful with institutional holding numbers. If you have shares held in street name at a major brokerage, like Fidelity, you are the beneficial owner of the shares but Fidelity is the legal owner of the shares. A lot of the institutional holdings are actually beneficially owned by individuals and do not reflect the investment decisions of Fidelity itself. As those beneficial holder buy and sell securities around in in their portfolio, the institutional ownership changes share for share. However, according to SEC rules for Form 13 reporting, these shares get reported as institutional ownership because, legally, they are Fidelities property (with an off-setting legal liability to pay the account holder). I suspect that nearly all shares shown as institutional are really street name brokerage accounts, self-directed IRAs and similar vehicles that are really retail investors. Likewise, most of the mutual funds are not managed funds where portfolio managers are picking winners, but rather index funds that buy whatever is part of the index. |
|
