Institutional Ownership

Ownership > 100%

Ownership Information

Shares Outstanding

140,106,948

Short Interest Shares

4,513,363

Float (%)

99.16

Institutional Ownership (%)

68.16

Mutual Fund Ownership (%)

44.35

Insider Ownership (%)

0.84

Top 10 Instn Holders (%)

46.58

Ownership Activity - Total Positions

Company	Shares	% Out	Value ($)	Reported	Change
BlackRock Inc.	20,281,286	14.48	441,320,783	9/30/2019	3,131,032
Vanguard Group Inc.	14,019,535	10.01	305,065,082	11/29/2019	221,789
Neuberger Berman BD LLC	7,105,920	5.07	154,624,819	9/30/2019	(146,209)
State Street Global Advisors Inc.	4,566,338	3.26	99,363,515	9/30/2019	276,791
Goldman Sachs Asset Management LP	4,540,162	3.24	98,793,925	9/30/2019	243,855
Silvercrest Asset Management Group LLC	4,076,687	2.91	88,708,709	9/30/2019	(72,144)
Dimensional Fund Advisors LP	3,558,847	2.54	77,440,511	9/30/2019	12,159
Northern Trust Global Investments	2,819,450	2.01	61,351,232	9/30/2019	322,018
Champlain Investment Partners LLC	2,309,635	1.65	50,257,658	9/30/2019	43,030
BNY Asset Management	1,982,622	1.42	43,141,855	9/30/2019	105,773
Geode Capital Management LLC	1,740,600	1.24	37,875,456	9/30/2019	200,832
Cliffwater LLC	1,524,901	1.09	33,181,846	9/30/2019	(3,882,979)
FMR LLC	1,391,813	0.99	30,285,851	9/30/2019	(349,793)
Renaissance Technologies LLC	1,245,594	0.89	27,104,125	9/30/2019	747,100
Invesco Capital Management LLC	1,153,533	0.82	25,100,878	9/30/2019	139,303
Wells Capital Management Inc.	1,074,215	0.77	23,374,918	9/30/2019	274,353
Principal Global Investors LLC	1,059,872	0.76	23,062,815	9/30/2019	240,139
Norges Bank Investment Management	938,374	0.67	20,419,018	12/31/2018	0
Charles Schwab Investment Management Inc.	932,632	0.67	20,294,072	9/30/2019	150,276
DePrince Race & Zollo Inc.	920,055	0.66	20,020,397	9/30/2019	920,055

Displaying 1 to 20 (of 245)

Institutional Ownership

Institutional Ownership

Total Positions

New Positions

Increased Positions

Decreased Positions

Soldout Positions

Net Change

List of possible reasons behind the infrequent cases where we have total institutional ownership that exceeds 100% of the common shares outstanding for a specific company:

Double-counting - On the 13-F filing, each institutional holder must report all securities over which they exercise sole or shared investment discretion. In cases where investment discretion is shared by more than one institution, care is generally taken to prevent double-counting, but there is always the exception. Another cause of double-counting is a company name change for the 13F filer where the holdings are accounted for under both filer names.

Short Interest - A large short interest amount affects the institutional ownership amount considerably because all shares that have been sold short appear as holdings in two separate portfolios. One institution has lent its shares to a short seller, while the same shares have been purchased by another reporting institution. Consequently, the institutional ownership percentage reflected in the 13-F filings is overstated as a percentage of total shares outstanding.

A gap between 'as of' dates - In the case where gaps between the 'as of' dates of the holdings and the shares outstanding arise, the percentage owned could be skewed due to a sharp increase/decrease in shares out. Again, this case doesn’t come up very often but the results are unavoidable.

Other possible reasons: a) An overlap occurs amongst reporting institutions; b) The 13F filing includes holdings other than common stock issues; c) Mutual fund money is co-advised and incorrectly reported by multiple institutions.