TA;DRS Outstanding Shares: 305,241,294 ETFs: 29,138,064 MFs, Index Funds, Pension Funds, etc.: 33,999,059 Other Institutional Ownership: 32,373,815 Insiders: 38,540,578 Insiders Stagnant: 14,339,510
**Overview: **This data was downloaded from Bloomberg on September 8, 2023. Most of the data comes from 13f and 13d filings, which are submitted to the SEC within 45 days of the quarter end (calendar). The last quarter ended June 30 and the filings were due by August 15. The next filings will be due by November 15 and will represent institutional holdings as of September 30.
Total Outstanding Shares = 305,241,294 Public Float = 266,035,955
Overall Institutional Ownership = (% of Float Held by Institutions) X (Public Float) (I use % of float in the calculation below because Venture Capital firms like RC Ventures and Hestia Capital are classified as Institutional in Bloomberg, as well as insiders.)
Overall Institutional Ownership = .3348 X 266,035,955 = 89,068,838 However, as we saw during the leadup to the last annual meeting, Susquehanna claimed an additional 11,857,200 shares (post-split) based on unexercised call options, and these shares are not accounted for in Bloomberg. I don’t understand how they claimed these shares, but they most certainly did: https://investor.gamestop.com/static-files/4f28d343-9df9-4268-8524-9fc4fe35f466 . Since the annual meeting, the number of Susquehanna call options has decreased to 64,421, potentially representing an additional 6,442,100 shares.
Overall Institutional Ownership = 89,068,838 + 6,442,100 = 95,510,938
% Overall Institutional Ownership of Float = (95,510,938)/(266,035,955) = 35.9%
Exchange Traded Funds (ETFs) There are currently 115 exchange traded funds (ETFs) that include a total of 29,138,064 shares of GME.
Mutual Funds, Index Funds, Pension Funds and Other Funds There are 332 mutual funds, index funds, pension funds and other funds that hold a total of 33,999,059 GME shares.
Overall Institutional Ownership = (ETFs) + (Mutual Funds, Index Funds, Pension Funds, Other Funds) + (Other Institutional, e.g., hedge funds, banks) 95,510,938 = 29,138,064 (ETFs) + 33,999,059 (MFs, etc) + Other Institutional
Other Institutional = 32,373,815
Insiders versus Insider Stagnant Insider data has always been different between Bloomberg and GME filings. u/BurningMist suggested the following a few updates back: “shouldn’t the ex-insiders/stagnant shares be excluded or broken out from insiders since they no longer file any buys/sells… they’re not currently insiders and none hold 5% to be required to report so they’re essentially just retail.” I agreed, and u/jonpro03 suggested maybe separating these folks into a different group. For lack of a better name, we dubbed these folks Insiders Stagnant. ‘Insiders Stagnant’ are insiders that have been reported in GameStop filings or Bloomberg in the past year, but have since left the company or are no longer reported in Bloomberg. It’s unclear if they have subtracted/added to their position.
Insiders and Insiders Stagnant Listed in Bloomberg:
Cliff Notes Outstanding Shares: 305,241,294 ETFs: 29,138,064 MFs, Index Funds, Pension Funds, etc.: 33,999,059 Other Institutional Ownership: 32,373,815 Insiders: 38,540,578 Insiders Stagnant: 14,339,510
Where are these insider shares being pulled from? It’s important to note awarded shares by the company are restricted shares not counted in outstanding shares. As per the people who viewed the ledger I did not see any of the insiders on the list (based off share counts/numbers on the ledger) despite the SEC form 3 and 4s saying they are direct ownership and they also added up higher than the “GameStop omnibus account”
I think only insider purchases of class A common stock will count towards locking the float as the outstanding shares only seem to be unrestricted stock.
But… Where exactly are insider restricted shares held if they aren’t even on the ledger? Anyone have a archive link of the post about the people who viewed the ledger?