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Institutional Ownership
Institutional Ownership
Ownership > 100%
×
Ownership > 100%
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.
Ownership Information
Shares Outstanding
17,121,863
Short Interest Shares
171,023
Float (%)
81.54
Institutional Ownership (%)
42.61
Mutual Fund Ownership (%)
11.35
Insider Ownership (%)
18.46
Top 10 Instn Holders (%)
34.05
Ownership Activity - Total Positions
Total Positions
Total Positions
HOLDERS
81
SHARES
6,397,540
New Positions
HOLDERS
7
SHARES
111,566
Increased Positions
HOLDERS
25
SHARES
400,754
Decreased Positions
HOLDERS
22
SHARES
(274,045)
Soldout Positions
HOLDERS
9
SHARES
(55,274)
Net Change
SHARES
183,001
Total Positions
HOLDERS
81
SHARES
6,397,540
New Positions
HOLDERS
7
SHARES
111,566
Increased Positions
HOLDERS
25
SHARES
400,754
Decreased Positions
HOLDERS
22
SHARES
(274,045)
Soldout Positions
HOLDERS
9
SHARES
(55,274)
Net Change
SHARES
183,001
Institutional Ownership
Mutual Fund
Company
Shares
% Out
Value ($)
Reported
Change
Alerus Financial Corp.
2,081,084
12.15
60,372,247
9/30/2020
43,355
BlackRock Inc.
774,953
4.53
22,481,387
9/30/2020
35,852
Endeavour Capital Advisors Inc.
440,438
2.57
12,777,106
9/30/2020
(4,500)
Vanguard Group Inc.
386,126
2.26
11,201,515
9/30/2020
78,302
Goldman Sachs Asset Management LP
336,920
1.97
9,774,049
9/30/2020
17,158
State Street Global Advisors Inc.
226,441
1.32
6,569,053
9/30/2020
7,546
Northern Trust Global Investments
219,755
1.28
6,375,093
9/30/2020
11,633
M3F Inc.
218,974
1.28
6,352,436
9/30/2020
(59,408)
Banc Funds Company LLC
215,000
1.26
6,237,150
9/30/2020
0
Brown Advisory Inc.
200,636
1.17
5,820,450
9/30/2020
(1,006)
Geode Capital Management LLC
177,257
1.04
5,142,226
9/30/2020
60,437
John W. Rosenthal Capital Management Inc.
120,000
0.70
3,481,200
9/30/2020
0
Charles Schwab Investment Management Inc.
86,638
0.51
2,513,368
12/31/2020
43,248
BNY Asset Management
81,258
0.47
2,357,295
9/30/2020
2,388
AllianceBernstein LP
80,021
0.47
2,321,409
6/30/2020
0
TIAA
70,661
0.41
2,049,876
9/30/2020
13,245
Stifel Asset Management Corp.
55,000
0.32
1,595,550
9/30/2020
(15,054)
Dimensional Fund Advisors LP
38,301
0.22
1,111,112
9/30/2020
11,072
Russell Investment Management LLC
38,113
0.22
1,105,658
9/30/2020
12,295
First Trust Advisors LP
36,367
0.21
1,055,007
9/30/2020
36,367
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