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Post by myocat on Dec 17, 2019 10:47:06 GMT -5
The last time I checked - a year or 2 ago was 19% ish.
It is now 30.24% % of shares held by institutions with Blackrock and Vanguard in the top 2.
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Post by agedhippie on Dec 17, 2019 11:12:15 GMT -5
The last time I checked - a year or 2 ago was 19% ish. It is now 30.24% % of shares held by institutions with Blackrock and Vanguard in the top 2. Ok - my regular service announcement: These are held in tracker funds and not because of any conviction that MNKD is going anywhere. When trackers sell well, like at the moment, then the institutional holdings rise. The flip side is that the trackers can and do lend these shares out to shorts. Shorts like them because they know they will never get called unless the stock drops out of the index (in which case the short is pretty happy anyway). Further, the institution doesn't care if MNKD does well or not since it is measured on how close to the index it can track, not how well it does in relation to the index. |
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Post by akemp3000 on Dec 17, 2019 17:54:14 GMT -5
So...the perspective is that the 19 to 30.24% increase in institutional holdings is due to tracker buyers expecting that the stock will remain flat? Wow, that's heavy. Fortunately, most believe an increase in institutional holdings is good news. Most market analysts add weight to institutional buying.
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Post by georgethenight2 on Dec 17, 2019 21:28:24 GMT -5
So...the perspective is that the 19 to 30.24% increase in institutional holdings is due to tracker buyers expecting that the stock will remain flat? Wow, that's heavy. Fortunately, most believe an increase in institutional holdings is good news. Most market analysts add weight to institutional buying. Aged making soft bashing comments again and again. Block is the only way to stop thw FUD. As apparently the Mods have a soft spot for patchouli oil. |
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Post by longliner on Dec 17, 2019 21:34:46 GMT -5
So...the perspective is that the 19 to 30.24% increase in institutional holdings is due to tracker buyers expecting that the stock will remain flat? Wow, that's heavy. Fortunately, most believe an increase in institutional holdings is good news. Most market analysts add weight to institutional buying. Aged making soft bashing comments again and again. Block is the only way to stop thw FUD. As apparently the Mods have a soft spot for patchouli oil. Once Goldman, Black Rock or JP etc. (to be fair) own the whole bleeding Company it may mean something!  Or not, it depends on your aged!!!! |
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Post by bones1026 on Dec 17, 2019 21:50:46 GMT -5
So...the perspective is that the 19 to 30.24% increase in institutional holdings is due to tracker buyers expecting that the stock will remain flat? Wow, that's heavy. Fortunately, most believe an increase in institutional holdings is good news. Most market analysts add weight to institutional buying. Aged making soft bashing comments again and again. Block is the only way to stop thw FUD. As apparently the Mods have a soft spot for patchouli oil. Well said. |
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Post by cjm18 on Dec 18, 2019 1:22:48 GMT -5
The last time I checked - a year or 2 ago was 19% ish. It is now 30.24% % of shares held by institutions with Blackrock and Vanguard in the top 2. Ok - my regular service announcement: These are held in tracker funds and not because of any conviction that MNKD is going anywhere. When trackers sell well, like at the moment, then the institutional holdings rise. The flip side is that the trackers can and do lend these shares out to shorts. Shorts like them because they know they will never get called unless the stock drops out of the index (in which case the short is pretty happy anyway). Further, the institution doesn't care if MNKD does well or not since it is measured on how close to the index it can track, not how well it does in relation to the index. There was an index mannkind was added to? Or more investors are buying Index(aka getting back in the market)? |
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Post by agedhippie on Dec 18, 2019 5:34:57 GMT -5
So...the perspective is that the 19 to 30.24% increase in institutional holdings is due to tracker buyers expecting that the stock will remain flat? Wow, that's heavy. Fortunately, most believe an increase in institutional holdings is good news. Most market analysts add weight to institutional buying. Any buying is good news because it supports the share price. Market analysts though need rather more detail than the the percentage of the float held by institutional investors if they want to keep their jobs though. If the increase if from non-discretionary spend like tracker then it gets discounted. Combine that with the issue of street names and you see why analysts need detail. Analysts tend to watch what people with a reputation do and then drill down into that rather than follow the whole market. |
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Post by agedhippie on Dec 18, 2019 5:44:52 GMT -5
Ok - my regular service announcement: These are held in tracker funds and not because of any conviction that MNKD is going anywhere. When trackers sell well, like at the moment, then the institutional holdings rise. The flip side is that the trackers can and do lend these shares out to shorts. Shorts like them because they know they will never get called unless the stock drops out of the index (in which case the short is pretty happy anyway). Further, the institution doesn't care if MNKD does well or not since it is measured on how close to the index it can track, not how well it does in relation to the index. There was an index mannkind was added to? Or more investors are buying Index(aka getting back in the market)? In changes from last quarter the three largest buyers were all trackers. Biggest institutional holder - Blackrock Inc aka. iShare ETFs. People (including me  ) will believe what they want which is what makes investing interesting. The most interesting large new buyer is the Bruce Fund, but I am not sure if that warrants they are holding or real stock. |
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Post by matt on Dec 18, 2019 9:15:28 GMT -5
So...the perspective is that the 19 to 30.24% increase in institutional holdings is due to tracker buyers expecting that the stock will remain flat? Wow, that's heavy. Fortunately, most believe an increase in institutional holdings is good news. Most market analysts add weight to institutional buying. No, the institutional increase is due to people putting more money into tracker funds rather than trying to select individual stocks. If 100 new customers show up on Monday with $1,000 to invest then the fund has to place $100,000 that day in stocks that are part of the index. Conversely, if those same customers decide to sell out then the fund has to liquidate $100,000. The fund manager cannot afford to be pro-Mannkind or anti-Mannkind; their job is to match the index returns regardless of which stocks make up the index. Not surprisingly, most of the trading decisions are done by computer algorithms and not a human. Remember too how the institutional reporting rules work. Companies like Blackrock manage many funds in addition to index trackers. Some of these are self-directed IRAs, 401(k) plans, and so on. If individual investors have a 401(k) through their employer that allows them to make investment decisions, but Blackrock is custodian for the plan, then those individual trades show up as "Blackrock". Since all funds managed by the same entity are allowed to be combined for purposes of Section 13 reporting, nobody can really tell which component fund is making buying, selling, or holding decisions. This holds true for all the major fund wholesalers which is why you see Blackrock, State Street, Fidelity and a few others showing up as a top holder for most stocks. Increases in institutional holdings are positive if the flow is coming from the "smart money"; funds with full-time healthcare analysts that make conscious investment decisions intended to boost fund returns over those of the market. There are a few top healthcare funds, like Orbimed, that are definitely recognized as smart money and a major change in their holdings would be a buy or sell signal. The others . . . not so much. |
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Post by sportsrancho on Dec 18, 2019 9:34:26 GMT -5
Most people don’t even look at the stocks in the funds, they just know we’re in a bull-market and they’re getting in it.
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Post by akemp3000 on Dec 18, 2019 9:59:45 GMT -5
Now my head hurts from hearing "the institutional increase is due to people putting more money into tracker funds...where...the fund manager's job is to match index returns..." as opposed to actually wanting the fund stocks to increase or decrease?? Frankly, I'm glad I don't understand the perspective that's trying to be conveyed here. I'll stick with my simple plan to invest long in a good company and wait it out. Hasn't been good yet with this particular stock, but it's day is now visible on the horizon |
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Post by cjm18 on Dec 18, 2019 12:06:08 GMT -5
Index funds try to match the market so they match the return of the market. Investment Expenses are lower. Apple is the largest holding in the S and p? so anyone in an s and p index fund will have apple as their largest holding. www.etf.com/stock/MNKD |
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Post by agedhippie on Dec 18, 2019 12:22:41 GMT -5
Now my head hurts from hearing "the institutional increase is due to people putting more money into tracker funds...where...the fund manager's job is to match index returns..." as opposed to actually wanting the fund stocks to increase or decrease?? Frankly, I'm glad I don't understand the perspective that's trying to be conveyed here. I'll stick with my simple plan to invest long in a good company and wait it out. Hasn't been good yet with this particular stock, but it's day is now visible on the horizon As individuals we can afford the luxury of that approach, a fund manager cannot because he is measured on annual performance. If he had a holding that had been dead money for a couple of years and was still holding it he would be fired. We, on the otherhand, can be philosophical about it and continue to hold and see if it comes right. These are the advantages we have over funds as individuals - we can opt to take a long term view. It is very hard for a money manager to out-perform the SP500 over the long term (see Warren Buffetts's 10 year bet on this topic - he took the index side). The vast majority of my 401k is always in either SP500 or whole market (VTI) trackers and comfortably outperformed my single stock investments. Some, AMZN and MSFT, have done very well while others like DVAX require a stiff drink before I look at their performance. In all the trackers win, but the single stock stuff is more fun. Warren Buffett's advice? Your retirement fund should be in an SP500 tracker. |
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Post by mnholdem on Dec 18, 2019 12:35:59 GMT -5
There was an index mannkind was added to? Or more investors are buying Index(aka getting back in the market)? In changes from last quarter the three largest buyers were all trackers. Biggest institutional holder - Blackrock Inc aka. iShare ETFs. People (including me ) will believe what they want which is what makes investing interesting. The most interesting large new buyer is the Bruce Fund, but I am not sure if that warrants they are holding or real stock. From Page 28 of MannKind's 10-Q filed with the SEC on Aug 7, 2019: "Exchange of 2021 Convertible Notes for 2024 Convertible Notes and the Indenture for the 2024 Convertible Notes
On August 6, 2019, MannKind entered into a privately-negotiated exchange agreement (the “2021 Note Exchange Agreement”) with Bruce & Co., Inc., for itself and on behalf of the beneficial owners of the holders of MannKind’s outstanding 2021 notes, pursuant to which MannKind agreed to, among other things, (i) repay $1,470,147 in cash to such holders ($1,500,000 less the amount of interest accruing under the 2021 notes between August 6, 2019 and August 15, 2019), (ii) issue 4,017,857 shares of MannKind’s common stock to such holders (at a conversion price of $1.12 per share), (iii) issue new 5.75% Convertible Senior Subordinated Exchange Notes due 2024 (the “2024 convertible notes”) to such holders pursuant to the provisions of an indenture (the “Indenture”) in an aggregate principal amount of $5,000,000 and (iv) issue two non-interest bearing promissory notes to such holders, each in the amount of $2,630,750, one of which will mature on June 30, 2020 (the “June 2020 note”) and the other of which will mature on December 31, 2020 (the “December 2020 note”, and together with the June 2020 note, the “2020 notes”), in exchange for the cancellation of the $18.7 million in principal amount of the 2021 notes. The 2020 notes may be prepaid at any time on or prior to their respective maturity dates at the option of MannKind. In addition, MannKind may elect to pay the 2020 notes at any time on or prior to their respective maturity dates, if certain conditions are met, in shares of MannKind’s common stock at a price per share equal to the last reported sale price on the trading day immediately prior to the payment date. The exchange pursuant to the 2021 Note Exchange Agreement was effected on August 6, 2019." |
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Or not, it depends on your aged!!!!
) will believe what they want which is what makes investing interesting.
