All things STOCKS

#14,303
#14,303
Thunder Good-Oil said:
Vanguard filed with the SEC that they hold a 7% position in HOOD. I don’t know if that means the shares owned across all of their funds or the entity Vanguard holds the shares. I’m guessing the former.
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They are always speaking 100% about what their CUSTOMERS own.

Grasp here that the customers own 7% of everything there is, not HOOD. Maybe more than 7%. Blackrock customers are the same.

Don't get sucked into think that you didn't already know this 5 years ago. You knew it.
 
#14,304
#14,304
Firebirdparts said:
They are always speaking 100% about what their CUSTOMERS own.

Grasp here that the customers own 7% of everything there is, not HOOD. Maybe more than 7%. Blackrock customers are the same.

Don't get sucked into think that you didn't already know this 5 years ago. You knew it.
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It’s more unusual or confusing than BlackRock. Vanguard is a mutually owned, not-for-profit entity that also has a brokerage type of platform for the account holders. BlackRock is an asset manager that is heavy into ETFs (iShares).
 
#14,305
#14,305
Thunder Good-Oil said:
It’s more unusual or confusing than BlackRock. Vanguard is a mutually owned, not-for-profit entity that also has a brokerage type of platform for the account holders. BlackRock is an asset manager that is heavy into ETFs (iShares).
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Vanguard in not-for-profit? Didn't know that...
 
#14,309
#14,309
Well, the key thing is to understand that between Vanguard, Fidelity, and Blackrock, THE CUSTOMERS own maybe 25% of everything there is on earth. Just know that now. In the future, when somebody comes up with a dumber headline that exploits that obvious fact, you'll know that you already knew that.

it's certainly a minor threat to mutual fund creation and in fact index investing. The government could, for instance, pass a law that no entity can own more than 5% of everything, and then they'd have to find a way to offload some of that success. They could vote all their shares in a strange or controversial way, but I don't think that has historically been a problem.

Bogle was a pretty neat dude. He really was. He was the one that removed Vanguard's ownership structure.
 
#14,310
#14,310
Firebirdparts said:
Well, the key thing is to understand that between Vanguard, Fidelity, and Blackrock, THE CUSTOMERS own maybe 25% of everything there is on earth. Just know that now. In the future, when somebody comes up with a dumber headline that exploits that obvious fact, you'll know that you already knew that.

it's certainly a minor threat to mutual fund creation and in fact index investing. The government could, for instance, pass a law that no entity can own more than 5% of everything, and then they'd have to find a way to offload some of that success. They could vote all their shares in a strange or controversial way, but I don't think that has historically been a problem.

Bogle was a pretty neat dude. He really was. He was the one that removed Vanguard's ownership structure.
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Bogle is probably one of the most underrated figures in modern history in terms of the impact he had relative to how well-known he is. Only Bogleheads and people involved in the industry know who he is.
 
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#14,311
#14,311
When one company is buying up shares of another public company there are SEC filings for that activity as well. But it might kick in more around 10%.

I think that when Vanguard, Fidelity, and BlackRock are reporting AUM it’s the total value of their accounts (something like $25 trillion). But that would include currencies. Total financial assets are in the neighborhood of $500 trillion. No doubt that they can move markets and/or bully BoDs with their positions though.
 
#14,312
#14,312
“It has been more than 50 years since the Securities and Exchange Commission (SEC) adopted its beneficial ownership reporting rules, which require investors who buy more than a 5% stake in a company to disclose their holding and their intentions. There have long been concerns that the rules needed to be updated to keep pace with current market practices and real-time information flows.”

So it looks like the same rule is in play whether disclosing a takeover attempt or simply owning shares.

Interview: SEC Changes Would Let You Know More About Your Shareholders | Insights | Skadden, Arps, Slate, Meagher & Flom LLP
 
#14,318
#14,318
PLTR is popping in after hours trades. News is crediting a one cent earnings beat. I’m thinking that the alien weather balloon attacks might be good for their business.
 
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#14,319
#14,319
Thunder Good-Oil said:
PLTR is popping in after hours trades. News is crediting a one cent earnings beat. I’m thinking that the alien weather balloon attacks might be good for their business.
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The apes love that one. Handle with care. They will pop/drop it 40% by trading 24 shares back and forth for nine minutes...lol.

PLTR software was handy for supply chain issues for early pandemic. But, it is extremely expensive and relies so much on CIA type contracts.

Spy balloons might be right up their lane.
 
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#14,320
#14,320
Jax_Vol said:
The apes love that one. Handle with care. They will pop/drop it 40% by trading 24 shares back and forth for nine minutes...lol.

PLTR software was handy for supply chain issues for early pandemic. But, it is extremely expensive and relies so much on CIA type contracts.

Spy balloons might be right up their lane.
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The pop seems to be that they flirted with being acquired. It’s also their first profitable quarter ever.

There shouldn’t be too much downside risk. 7x revenue isn’t too crazy for a fast growing company. Plus that DoD connection puts it into a protected category of US companies critical for homeland security. But yes. They need to keep the CIA happy.
 
#14,322
#14,322
Velo Vol said:
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Nice. JPM should issue the prediction "Groundhog Day" style, though. Have Jamie Dimon don a groundhog suit and parachute into frame or something similar. Yeah, my brain isn't quite awake just yet and that thought was probably more amusing between my ears than it is out in the wild. Happy Tuesday, all!
 
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#14,324
#14,324
Thunder Good-Oil said:
I might go ahead with ann upside bet on GOOGL here ($93/94). Probably sell some $91 or $92ish puts. Maybe even the $93 with several weeks left.
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They were just talking about this on Tasty Trade. Relatively speaking Google, natural gas, and the yield spread (not sure how one trades that) seem like the only "cheap" things in this market.
 
#14,325
#14,325
Velo Vol said:
They were just talking about this on Tasty Trade. Relatively speaking Google, natural gas, and the yield spread (not sure how one trades that) seem like the only "cheap" things in this market.
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Maybe short the 10 year while being long the short duration bonds. But I’m not somebody that follows the debt markets. I just use leverage more heavily when rates are low. It was a lot more fun when I was paying around 3% instead of the current 9%. I’ve all but stopped trading my margin account (I need to move it to IBKR).
 
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