Institutional Ownership

Ownership > 100%

Ownership Information

Shares Outstanding

174,680,496

Short Interest Shares

5,460,731

Float (%)

84.88

Institutional Ownership (%)

82.06

Mutual Fund Ownership (%)

48.36

Insider Ownership (%)

15.12

Top 10 Instn Holders (%)

42.90

Ownership Activity - Total Positions

Company	Shares	% Out	Value ($)	Reported	Change
Vanguard Group Inc.	20,238,811	11.59	4,248,531,205	9/30/2019	129,282
BlackRock Inc.	16,182,861	9.26	3,397,106,181	9/30/2019	249,273
State Street Global Advisors Inc.	11,109,028	6.36	2,332,007,158	9/30/2019	105,425
Wellington Management Group LLP	6,485,644	3.71	1,361,466,388	9/30/2019	(231,140)
Stichting Pensioenfonds ABP	5,204,651	2.98	1,092,560,338	9/30/2019	201,782
Cohen & Steers Capital Management Inc.	3,870,306	2.22	812,454,636	9/30/2019	(4,180,592)
T. Rowe Price Group Inc.	3,589,270	2.05	753,459,558	9/30/2019	(377,148)
Geode Capital Management LLC	2,951,233	1.69	619,522,831	9/30/2019	119,022
Massachusetts Financial Services Co.	2,782,701	1.59	584,144,594	9/30/2019	311,801
JP Morgan Asset Management	2,527,827	1.45	530,641,444	9/30/2019	(889,278)
Northern Trust Global Investments	2,397,106	1.37	503,200,492	9/30/2019	59,291
Dimensional Fund Advisors LP	2,343,209	1.34	491,886,433	9/30/2019	2,474
Capital Research & Mgmt Co.	2,004,550	1.15	420,795,136	9/30/2019	(13,306)
Charles Schwab Investment Management Inc.	1,881,858	1.08	395,039,631	9/30/2019	57,694
Legal & General Investment Management Ltd.	1,623,331	0.93	340,769,644	9/30/2019	95,704
UBS Asset Management AG	1,562,996	0.89	328,104,120	9/30/2019	104,185
Renaissance Technologies LLC	1,519,957	0.87	319,069,373	9/30/2019	51,834
Managed Account Advisors LLC	1,432,323	0.82	300,673,244	9/30/2019	1,000,201
Norges Bank Investment Management	1,430,751	0.82	300,343,250	12/31/2018	0
Daiwa Asset Management Co. Ltd.	1,406,043	0.80	295,156,547	9/30/2019	(756,717)

Displaying 1 to 20 (of 990)

Institutional Ownership

Total Positions

New Positions

Increased Positions

Decreased Positions

Soldout Positions

Net Change

Company Info

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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.