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Post by rockstarrick on Feb 15, 2017 21:30:09 GMT -5
This is the latest institutional ownership @cnbc TOP INSTITUTIONAL HOLDERS Concentration of Current % Held Top 10 Institutions: Ownership by top 10 institutions Top 20 Institutions: Ownership by top 20 institutions Top 50 Institutions: Ownership by top 50 institutions All: Ownership by all institutions Low Avg. Turnover Rating Name Shares Held Position Value Percentage of Total Holdings since 2/15/17 % Owned of Shares Outstanding Turnover Rating Mann (Alfred E) 153.2M $246,690,271 +60% 32.0% Low The Vanguard ... 17.7M $11,258,951 +7% 3.7% Low BlackRock ... 17.3M $11,042,484 +7% 3.6% Low Goldman Sachs & ... 7.7M $4,904,060 +3% 1.6% Low D. E. Shaw & ... 5.3M $3,358,653 +2% 1.1% Moderate State Street ... 5.1M $3,242,043 +2% 1.1% Low Scopia Capital ... 4.9M $3,047,077 +2% 1.0% Moderate Susquehanna ... 3.7M $2,353,963 +1% 0.8% High Northern Trust ... 3.6M $2,263,285 +1% 0.7% Lo Harel Insurance ... 3.0M $1,878,265 +1% 0.6% Low TOP MUTUAL FUND HOLDERS Percentage of Outstanding Shares per Holdings Style Index 6.8% Core Value 0.2% GARP 0.1% Core Growth 0.1% Aggres. Gr. 0.0% Growth 0.0% Momentum 0.0% Sector Specific 0.0% Specialty 0.0% Yield 0.0% Low Avg. Turnover Rating Name Shares Held Position Value Percentage of Total Holdings since 2/15/17 % Owned of Shares Outstanding Investment Style iShares Russell ... 6.5M $4,560,495 +3% 1.4% Index Vanguard Total ... 6.3M $4,015,557 +2% 1.3% Index Vanguard ... 3.5M $2,232,742 +1% 0.7% Index Vanguard ... 3.5M $2,213,885 +1% 0.7% Index iShares Russell ... 2.6M $1,859,524 +1% 0.6% Index Vanguard ... 1.9M $1,228,909 +1% 0.4% Index Fidelity ... 1.2M $791,491 0% 0.3% Index iShares ... 761.9K $536,407 0% 0.2% Index Statens ... 732.6K $1,062,232 0% 0.2% Core Value Vanguard Health ... 575.7K $366,572 0% 0.1% Index
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Post by sayhey24 on Feb 15, 2017 21:32:04 GMT -5
No - Vanguard keeps buying. I suspect they own more than that by now. Vanguard announced last week they passed $4 trillion in holdings so they have plenty of money. They have been following MNKD for a long time and I suspect have a pretty good understanding of afrezza and its implications of being a monomer human insulin. Vanguard with $4 Trillion in holdings is following and understanding a $3M holding closely? Seems like a rounding error for them. If they understood, and assuming understanding is good, why would they not invest a meaningful amount in MNKD? Most of the holdings were bought over $5. When it went below $5 most of their funds don't allow further purchases. However, they continued to buy. These are not managed funds, they are indexed. To continue buying would require sign-off. Why ask for sign-off on MNKD? The reason they would not invest a meaningful amount is Vanguard is risk adverse and indexed. Jack Bogle based the Vanguard model on a 7% annual return (5% in corporate profits + 2% annual inflation). Bogle's model has made Vanguard the #1 Mutual Fund Company and 2nd largest Investment Firm, only Blackrock is larger.
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Post by brotherm1 on Feb 15, 2017 21:45:26 GMT -5
You tell them Sayhey: "Put that in your pipe and smoke it!"
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Post by n8 on Feb 15, 2017 21:52:36 GMT -5
My employer uses Vangaurd and I have searched the 508 stocks that they use and couldnt find Mannkind. I may have not seen it though. Thanks for the help
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Post by n8 on Feb 15, 2017 21:57:53 GMT -5
This is what I was eluding to in my earlier post. Bogle was a fairly decent guy from what I gathered and he wanted Vanguard to be different . I was assuming that Vanguard has is shit together and wouldn't be continuing to buy if it was a guaranteed loss.
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Post by mnkdfann on Feb 15, 2017 22:02:50 GMT -5
This is what I was eluding to in my earlier post. Bogle was a fairly decent guy from what I gathered and he wanted Vanguard to be different . I was assuming that Vanguard has is shit together and wouldn't be continuing to buy if it was a guaranteed loss. Refer back to Derek's post. "All index funds, which means that Vanguard just passively buys in order to mirror their index and then sells to other investors." Do you know what index funds are?
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Post by brotherm1 on Feb 15, 2017 22:07:02 GMT -5
This is what I was eluding to in my earlier post. Bogle was a fairly decent guy from what I gathered and he wanted Vanguard to be different . I was assuming that Vanguard has is shit together and wouldn't be continuing to buy if it was a guaranteed loss. Refer back to Derek's post. "All index funds, which means that Vanguard just passively buys in order to mirror their index and then sells to other investors." Do you know what index funds are? Link please showing where Vanguard lends out shares?
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Post by n8 on Feb 15, 2017 22:07:39 GMT -5
Yes, I just thought you could find the info on the site, in the individual fund or the ones they had listed under the stocks they use .
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Post by mnkdfann on Feb 15, 2017 22:25:02 GMT -5
Refer back to Derek's post. "All index funds, which means that Vanguard just passively buys in order to mirror their index and then sells to other investors." Do you know what index funds are? Link please showing where Vanguard lends out shares? Who said anything about Vanguard lending out its shares? Vanguard might, but I think Derek just meant that it sells units of its index funds to investors. Which should be obvious to anyone here.
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Post by mnkdfann on Feb 15, 2017 22:34:24 GMT -5
My employer uses Vangaurd and I have searched the 508 stocks that they use and couldnt find Mannkind. I may have not seen it though. Thanks for the help I still think you are a little confused. Mannkind is a holding in various of the Vanguard funds. People in this thread have told you how many shares of MNKD those funds hold. The Vanguard funds hold a lot more than the 508 stocks your employer offers. I don't know what your employer is doing, but it sounds like if offers you 508 stocks to invest in (as part of some retirement / 401K plan?) and Vanguard is managing the accounts or something. If so, that is not what we are talking about when we say MNKD is in the Vanguard funds. You can go to the Vanguard site and look at their fund holdings. E.g., this link shows that the Vanguard Total Stock Market Index Fund holds 6,859,104 shares of MNKD. MNKD is just (a tiny) one of 3575 holdings in that fund. personal.vanguard.com/us/FundsAllHoldings?FundId=0085&FundIntExt=INT&tableName=Equity&tableIndex=41
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Post by brotherm1 on Feb 15, 2017 22:40:45 GMT -5
The Vanguard Funds are broken down into many different funds (of course) so you would have to check with Vanguard to see their Mannkind holdings. I know they hold a bunch of shares spread among many different funds. Here you go All index funds, which means that Vanguard just passively buys in order to mirror their index and then sells to other investors. Vanguard Total Stock Mkt Idx 6,859,104 Vanguard Small Cap Index 3,499,480 Vanguard Extended Market Idx Inv 3,498,841 Vanguard Small Cap Growth Index Inv 1,948,473 Vanguard Health Care ETF 576,324 The Vanguard Russell 2000 Growth Index 517,143 And since I always show my work: investors.morningstar.com/ownership/shareholders-overview.html?t=MNKD[ yes Derek is correct- they are all index funds This should conclude this thread
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Post by scoy on Feb 16, 2017 2:05:08 GMT -5
Refer back to Derek's post. "All index funds, which means that Vanguard just passively buys in order to mirror their index and then sells to other investors." Do you know what index funds are? Link please showing where Vanguard lends out shares? There's been some real good answers here already. Vanguard has a fantastic free forum for investors: www.bogleheads.org/forum/viewforum.php?f=10As everyone has mentioned they're great believers in passive management and diversification. According to this document Vanguard, like most of their competitors, enhances their revenue by participating in securities lending. advisors.vanguard.com/iwe/pdf/Sec_lending.pdfThere's a bunch of other articles, if you google: vanguard "securities lending"
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Post by dreamboatcruise on Feb 16, 2017 13:35:33 GMT -5
Vanguard with $4 Trillion in holdings is following and understanding a $3M holding closely? Seems like a rounding error for them. If they understood, and assuming understanding is good, why would they not invest a meaningful amount in MNKD? Most of the holdings were bought over $5. When it went below $5 most of their funds don't allow further purchases. However, they continued to buy. These are not managed funds, they are indexed. To continue buying would require sign-off. Why ask for sign-off on MNKD? The reason they would not invest a meaningful amount is Vanguard is risk adverse and indexed. Jack Bogle based the Vanguard model on a 7% annual return (5% in corporate profits + 2% annual inflation). Bogle's model has made Vanguard the #1 Mutual Fund Company and 2nd largest Investment Firm, only Blackrock is larger. That may have been Jack Bogle's model for mutual funds long ago, but Vanguard has grown into a huge asset management company offering hundreds of Mutual Funds and ETFs, most of which have nothing to do with trying to match that model. As pointed out, they have index funds (just like many other asset management firms) that simply invest in the entire market or some subset thereof such as S&P index. I doubt Vanguard would be nearly as large as it is if they didn't expand to offer all the same options as other asset managers. They probably still have one or a few funds that use Bogle's original model, but one would need to be careful picking a Vanguard fund if Bogle's model (for better or for worse) is what they are looking for.
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Post by Deleted on Feb 16, 2017 22:46:32 GMT -5
No - Vanguard keeps buying. I suspect they own more than that by now. Vanguard announced last week they passed $4 trillion in holdings so they have plenty of money. They have been following MNKD for a long time and I suspect have a pretty good understanding of afrezza and its implications of being a monomer human insulin. and this is the wrong way to read institutional ownership
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Post by Deleted on Feb 16, 2017 22:52:40 GMT -5
Thank you for the input. In the future where do I look to find that kind of info? Isn't it a good thing that Vanguard continues to buy? My understanding is that Vanguard is a respectable Institution. I think the first thing you should do is decipher if it is institutional or a hedge fund. If its a hedge fund then a group of people sat in on a meeting and decided to put xyz dollars into mnkd and why. If its Gsco, Vanguard, Blackrock you have no idea what the story is and why they bought it. Also looking at the size of their position and comparing it to assets under management is crucial. While millions is a lot to us it is nothing to these guys. If you manage a trillion dollars and put a million into mnkd that likes putting in a $1 of a 100k portfolio.
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