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Post by wyattdog on Jan 29, 2021 18:12:31 GMT -5
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Post by peppy on Jan 29, 2021 18:34:00 GMT -5
BlackRock, Inc. Amount beneficially owned: 17975840 Percent of class 7.6%
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Post by MnkdWASmyRtrmntPlan on Jan 29, 2021 20:01:33 GMT -5
Dated 12/31/2020. So, they now own 7.6%. They have been invested, so, did they just buy more? I wonder how much more? More long-term holders are good.
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Post by boomboom on Jan 29, 2021 21:12:12 GMT -5
Dated 12/31/2020. So, they now own 7.6%. They have been invested, so, did they just buy more? I wonder how much more? More long-term holders are good. investors.mannkindcorp.com/node/16721/html12/31/2019: 14943086 / 7.2%
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Post by derekewhitlock on Jan 29, 2021 21:23:25 GMT -5
So, maybe a dumb question, but is there anyway to view this in a light that is not positive? This is a huge vote of confidence from an enormously large player, right...?
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Post by nylefty on Jan 29, 2021 23:16:23 GMT -5
So, maybe a dumb question, but is there anyway to view this in a light that is not positive? This is a huge vote of confidence from an enormously large player, right...? As Matt has explained several times.... You cannot draw conclusions based on aggregate institutional ownership figures; you have to dive into the numbers to understand them. For example, if somebody has a brokerage account at Fidelity and holds share in street name then that individual no longer legally owns their shares; Fidelity does. Of course the individual has a legal claim against Fidelity for the value of what is in the account, but when bare legal title passes to Fidelity then those shares get included as "institutional ownership" for FMI (the holding company for Fidelity). The same goes for State Street, Blackrock, and all the other big fund managers; an increase in their holdings does not mean that one of the professional managers invested the fund's own money based on rigorous fundamental analysis. If any fund or brokerage account, whether self-directed or professionally managed, or any index fund managed by the fund manager, buys or sells shares then institutional ownership percentage will change.
Such changes might be a good thing, it might be a bad thing, but most often it is just noise in the data. Unless you dissect all the individual filings to understand where the change comes from, you should not be encouraged or discouraged. mnkd.proboards.com/post/209551
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Post by mnkdfann on Jan 30, 2021 0:08:56 GMT -5
Dated 12/31/2020. So, they now own 7.6%. They have been invested, so, did they just buy more? I wonder how much more? M ore long-term holders are good.Sure, but they're not a new long term holder. They've been invested since at least 2014. There is generally a new thread like this one every year, sometimes more than once a year. Google the two words mannkind blackrock and you'll find them. Here is one from 2014: mnkd.proboards.com/thread/1446/ownership-tracking-shares-options
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Post by MnkdWASmyRtrmntPlan on Jan 30, 2021 7:34:57 GMT -5
Right, mnkdfann. I know that blackrock has owned shares forever. That last sentence is not what I meant to say. My mistake. I meant to say "More shares held by long-term holders is good". And, yeah, it's all been discussed before. Sorry for making you dig up that old thread, but there is lots of good discussion on it. Boomboom dug up last year's 13g, which shows blackrock at 7.2%. Thanks, BB. That answered my question. Apparently, that 13g is an annual report of holders over 5% (or some amount) of shares. That's what I was wondering. So, you are right Derek, the bottom line is that Blackrock increased its holdings from 7.2 to 7.6% during 2020. And, THAT HAS TO BE A GOOD THING.
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Post by uvula on Jan 30, 2021 8:40:15 GMT -5
I've never disagreed with Matt before, but here goes:
I agree that if I have shares at fidelity they show up as being owned by fidelity. However, that is different than real institutional ownership.
If fidelity account holders own more than 5% of mnkd in total, it doesn't mean that fidelity is now required to follow the extra rules that big owners have to follow. Or does it?
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Post by agedhippie on Jan 30, 2021 9:36:36 GMT -5
In a word, ETFs. Blackrock is one of the biggest players in the ETF market. What you are seeing is going to be the mandatory holdings they have to make for those trackers. This is also why they seem to have been invested forever.
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Post by parrerob on Jan 30, 2021 11:25:32 GMT -5
They increased up to 6.81% as reported for q3 2020...so for q4 they increased again.... okay nothing special... but what if they had decreased?
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Post by ktim on Jan 30, 2021 14:48:05 GMT -5
They increased up to 6.81% as reported for q3 2020...so for q4 they increased again.... okay nothing special... but what if they had decreased? An increase or decrease should be viewed in relative terms... such as comparing it to IBB flows. Though even getting inflows from a sector rotation is positive. However, I suspect MNKD is probably having accumulation on its own merits.
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Post by radgray68 on Jan 30, 2021 15:41:51 GMT -5
So, maybe a dumb question, but is there anyway to view this in a light that is not positive? This is a huge vote of confidence from an enormously large player, right...? I like to think there are no dumb questions, only dumb answers. Here's maybe one. It's probably just normal big guy portfolio rebalancing. However the stock's run up big lately but it's still a year or two from actual profitability so they've been loading up to lend out for one last push down. I just have a back of my mind hunch because I wouldn't put it past them. Been here too long not to expect or at least prepare for such. Also, to me it seems a 2-3 or 4% change in holding seems normal but what if the one little arbitrage office in the basement has plans and accounts for a large part of that. Just having fun speculating on a beautiful Saturday. GLTA Wishful thinking on my part? Maybe. A little. Not gonna lie, I'd love another shot at around or even sub $2 shares.
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Post by mytakeonit on Jan 30, 2021 16:24:01 GMT -5
I'm not gonna lie. If you want back in ... you have to buy now at current prices. The run has started and I don't see it going down ... except for normal day fluctuations.
But, that's mytakeonit
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Post by parrerob on Jan 31, 2021 8:42:47 GMT -5
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