Massive BUY: GS, State Street, Invesco: 2.33%, 3.45%, 1.31%

[lakers]

Finally, there’s MannKind Corporation (NASDAQ:MNKD), which is trading up by about 8% on Monday afternoon, continuing the recent rally for the stock. Over the past five trading days, shares of the company have gained more than 55%, while over the past month the stock has surged by almost 120%. Analysts have argued that the run-up has been mostly driven by investors’ excitement over the improved version of Afrezza, a potentially revolutionary diabetes treatment.

Among the funds that week keep track of, 11 were long MannKind Corporation (NASDAQ:MNKD) at the end of the fourth quarter. While hedge fund support was overly high, several funds were growing very bullish, including D E Shaw, which held a position of 1.06 million shares, up by more than 6,000%.

www.insidermonkey.com/blog/why-valeant-alibaba-valspar-starwood-mannkind-are-all-up-today-439270/
Published on March 21, 2016 at 3:48 pm by JAVIER HASSE in Market Movers,News

whalewisdom.com/stock/mnkd
12/31/15 Holdings

Filer

Shares Held

Market Value

% of

Portfolio

Prior

% of Portfolio

Ranking

Change in

Shares

% Ownership

GOLDMAN SACHS GROUP INC 9,765,514 $ 14,160,000 0.00% 0.00% 1989 7,368,359 2.3348%

GROUP ONE TRADING, L.P.(PUT) 6,356,800 $ 9,217,000 0.11% 0.08% 186 4,628,400 N/A

STATE STREET CORP 14,435,063 $ 20,932,000 0.00% 0.00% 1677 3,962,544 3.4512%

PARK WEST ASSET MANAGEMENT LLC(PUT) 5,082,565 $ 7,370,000 0.80% 0.44% 31 3,595,579 N/A

SUSQUEHANNA INTERNATIONAL GROUP, LLP(PUT) 8,057,600 $ 11,684,000 0.01% 0.01% 1611 3,527,800 N/A

TOURBILLON CAPITAL PARTNERS, L.P.(PUT) 7,047,800 $ 10,219,000 0.23% 0.36% 58 2,800,000 N/A

GOLDMAN SACHS GROUP INC(PUT) 3,141,700 $ 4,555,000 0.00% 0.00% 2905 2,369,600 N/A

BARCLAYS PLC(PUT) 5,048,800 $ 5,049,000 0.01% 0.01% 1310 2,256,800 N/A

PSAGOT INVESTMENT HOUSE LTD. 2,000,000 $ 5,800,000 0.21% 0.00 89 2,000,000 0.4782%

INVESCO LTD. 5,481,833 $ 7,949,000 0.00% 0.00% 1571 1,988,888 1.3106%

BARCLAYS PLC(CALL) 8,356,800 $ 8,357,000 0.01% 0.02% 985 1,956,100 N/A

BLUEFIN TRADING, LLC(CALL) 2,217,900 $ 365,000 0.03% 0.00% 342 1,867,900 N/A

BLUEFIN TRADING, LLC(PUT) 1,163,400 $ 3,966,000 0.32% 0.00 89 1,163,400 N/A

D. E. SHAW & COMPANY ., INC. 1,063,148 $ 1,542,000 0.00% 0.00% 2331 1,045,777 0.2542%

SUSQUEHANNA INTERNATIONAL GROUP, LLP 3,235,211 $ 4,691,000 0.00% 0.00% 2634 926,950 0.7735%

BARCLAYS PLC 864,175 $ 864,000 0.00% 0.00% 2738 862,886 0.2066%

SPHERA FUNDS MANAGEMENT LTD.(CALL) 760,000 $ 1,102,000 0.16% 0.00 105 760,000 N/A

NORGES BANK 732,574 $ 1,062,000 0.00% 0.00 2102 732,574 0.1752%

ZEKE CAPITAL ADVISORS, LLC 660,615 $ 958,000 0.82% 0.00 21 660,615 0.1579%

TOURBILLON CAPITAL PARTNERS, L.P. 639,866 $ 928,000 0.02% 0.00 72 639,866 0.1530%

SUSQUEHANNA INTERNATIONAL GROUP, LLP(CALL) 6,915,900 $ 10,028,000 0.00% 0.01% 1743 632,900 N/A

SPOT TRADING L.L.C(PUT) 736,200 $ 1,067,000 0.01% 0.00% 1398 598,400 N/A

SABBY MANAGEMENT, LLC 635,903 $ 922,000 0.05% 0.01% 194 582,103 0.1520%

JANE STREET GROUP, LLC 629,090 $ 912,000 0.01% 0.00% 1835 558,768 0.1504%

UBS AG 861,738 $ 1,250,000 0.00% 0.00% 3223 550,634 0.2060%


GREYWOLF CAPITAL MANAGEMENT LP 0 $ 0 0.00 4.78% Sold All 9,079,957 0.0000%

BANK OF AMERICA CORP 356,233 $ 516,000 0.00% 0.00% 4779 3,511,190 0.0852%

CREATIVE PLANNING 81,072 $ 118,000 0.00% 0.06% 1535 1,956,024 0.0194%

GROUP ONE TRADING, L.P.(CALL) 7,224,500 $ 10,476,000 0.12% 0.37% 160 1,216,100 N/A

BLACKROCK FUND ADVISORS 10,967,147 $ 15,902,000 0.00% 0.01% 2180 1,001,288 2.6221%

[peppy]

quote: 12/31/15 Holdings

reply: www.nasdaq.com/symbol/mnkd/institutional-holdings

look at the date.

this is where the presented information came from.

[ripano]

We will know in a few weeks whom actually kept or purchased shares in First quarter 2016. All the above numbers are subject to change to downside or upside.

[mnholdem]

STATE STREET CORP is the one I find more revealing of sentiment in MNKD shares as an investment, since their history shows a continued accumulating of MNKD shares over the past six quarters. Goldman-Sucks, whose various accounts hold a less-revealing mixture of shares, calls & puts, is more difficult to assess since they are hedging their investments.

State Street Corp - MNKD investment history

Reported via | Event Date | Name | Ticker | Shares | Change | % of Portfolio
13F 2014-03-31 MannKind Corp MNKD 5,680,554 230,513 0.00
13F 2014-06-30 MannKind Corp MNKD 4,846,280 -834,274 0.01
13F 2014-09-30 MannKind Corp MNKD 5,906,599 1,060,319 0.00
13F 2014-12-31 MannKind Corp MNKD 6,941,132 1,034,533 0.00
13F 2015-03-31 MannKind Corp MNKD 7,686,268 745,136 0.00
13F 2015-06-30 MannKind Corp MNKD 8,129,463 443,195 0.00
13F 2015-09-30 MannKind Corp MNKD 10,472,519 2,343,056 0.00
13F 2015-12-31 MannKind Corp MNKD 14,435,063 3,962,544 0.00

On their latest 13F filing, State Street Corp revealed that they had bought an additional 3,962,544 shares, moving their investment up to 14,435,063 shares of MNKD, with a market value of $ 20,932,000 and an ownership stake of 3.4512%.

[kbrion77]

Mar 22, 2016 7:33:23 GMT -5 mnholdem said:

STATE STREET CORP is the one I find more revealing of sentiment in MNKD shares as an investment, since their history shows a continued accumulating of MNKD shares over the past six quarters. Goldman-Sucks, whose various accounts hold a less-revealing mixture of shares, calls & puts, is more difficult to assess since they are hedging their investments.

State Street Corp - MNKD investment history

Reported via | Event Date | Name | Ticker | Shares | Change | % of Portfolio
13F 2014-03-31 MannKind Corp MNKD 5,680,554 230,513 0.00
13F 2014-06-30 MannKind Corp MNKD 4,846,280 -834,274 0.01
13F 2014-09-30 MannKind Corp MNKD 5,906,599 1,060,319 0.00
13F 2014-12-31 MannKind Corp MNKD 6,941,132 1,034,533 0.00
13F 2015-03-31 MannKind Corp MNKD 7,686,268 745,136 0.00
13F 2015-06-30 MannKind Corp MNKD 8,129,463 443,195 0.00
13F 2015-09-30 MannKind Corp MNKD 10,472,519 2,343,056 0.00
13F 2015-12-31 MannKind Corp MNKD 14,435,063 3,962,544 0.00

On their latest 13F filing, State Street Corp revealed that they had bought an additional 3,962,544 shares, moving their investment up to 14,435,063 shares of MNKD, with a market value of $ 20,932,000 and an ownership stake of 3.4512%.

As with BlackRock, State Street is one of the largest Securities Lenders globally.  Doesn't necessarily mean they are good guys since they continue to accumulate.  

[tayl5]

It would seem like a risky way to make money to accumulate a large long position with the intention of lending out the shares until they become worthless. I have to think that those institutions with significant holdings are on our side, keeping in mind that different parts of an institution may have different agendas.

[mnholdem]

Mar 22, 2016 7:55:29 GMT -5 kbrion77 said:

Mar 22, 2016 7:33:23 GMT -5 mnholdem said:

STATE STREET CORP is the one I find more revealing of sentiment in MNKD shares as an investment, since their history shows a continued accumulating of MNKD shares over the past six quarters. Goldman-Sucks, whose various accounts hold a less-revealing mixture of shares, calls & puts, is more difficult to assess since they are hedging their investments.

State Street Corp - MNKD investment history [clipped]

 

As with BlackRock, State Street is one of the largest Securities Lenders globally.  Doesn't necessarily mean they are good guys since they continue to accumulate.  

What you say is true. Yet many retail shareholders (some are members here) are mid- to long-term investors who have loaned out their accumulated shares to make some $$$ while waiting for MannKind's "epic" turnaround. They would consider themselves to be long on MNKD. Perhaps the same can be said of State Street, that they see MNKD has an acceptable risk-to-reward profile worthy of accumulating shares. I understand your point and can see how profitable lending can be for an institution at the current rates. It's possible that the sole reason for accumulation is to lend shares.  So how does one go about determining the truth of the matter?

[kbrion77]

Mar 22, 2016 9:28:48 GMT -5 mnholdem said:

Mar 22, 2016 7:55:29 GMT -5 kbrion77 said:

As with BlackRock, State Street is one of the largest Securities Lenders globally.  Doesn't necessarily mean they are good guys since they continue to accumulate.  

What you say is true. Yet many retail shareholders (some are members here) are mid- to long-term investors who have loaned out their accumulated shares to make some $$$ while waiting for MannKind's "epic" turnaround. They would consider themselves to be long on MNKD. Perhaps the same can be said of State Street, that they see MNKD has an acceptable risk-to-reward profile worthy of accumulating shares. I understand your point and can see how profitable lending can be for an institution at the current rates. It's possible that the sole reason for accumulation is to lend shares.  So how does one go about determining the truth of the matter?

Probably impossible unless you worked on their desk.  All I'm saying is that when BlackRock filed the 13G in February 2015 the discussions somehow led to them being an activist wanting a board seat, well if BlackRock owns 5% how could this go down, other Institutions will follow suit, BlackRock teaming up with Private Equity to purchase majority stake, etc.  The share price was around $7 at time of filing and 13 months later we are at $2.08.

[BlueCat]

Thank goodness the Mann Foundation is still the majority holder with a very comfortable % stake.

(DISCLAIMER:  FOIL HAT on a lark) What sometimes keeps me up at night ...You could imagine a few of these larger institutions accumulating to lend shares for a while. Then organizing to get Board seats to force a co. sale at a price that would net them some additional revenue over their original buys, but be low enough to be an attractive B.O price, and be awful for long retail investors. Or go with some sort of LBO. Drive price down while shorting, and use revenue from lending to accumulate more at the depressed price, then force the LBO sale at bottom. Conflict of interest legally? Not sure.


But in any case I don't see that happening now. The Foundation would have to be selling out its stake. Based on the recent price action and the pivotal moment we are in co. history, wouldn't make sense. Its even possible the rise is that they are the 'institution' which is accumulating more, which would be great. Tho not technically, it would effectively reduce the float getting used as a hockey puck. I'm hoping it is them or a 'friendly'.

Speculation, hope and not facts.  Disregard at will.