Institutional Ownership

Ownership > 100%

Ownership Information

Shares Outstanding

174,597,753

Short Interest Shares

5,770,134

Float (%)

84.61

Institutional Ownership (%)

83.21

Mutual Fund Ownership (%)

46.83

Insider Ownership (%)

15.39

Top 10 Instn Holders (%)

45.54

Ownership Activity - Total Positions

Company	Shares	% Out	Value ($)	Reported	Change
Vanguard Group Inc.	20,109,529	11.52	5,266,484,550	6/30/2019	33,831
BlackRock Inc.	15,933,588	9.13	4,172,847,361	6/30/2019	(170,366)
State Street Global Advisors Inc.	11,003,603	6.30	2,881,733,590	6/30/2019	511,058
Cohen & Steers Capital Management Inc.	8,050,898	4.61	2,108,449,677	6/30/2019	2,142,247
Wellington Management Group LLP	6,716,784	3.85	1,759,058,562	6/30/2019	(293,277)
Stichting Pensioenfonds ABP	5,002,869	2.87	1,310,201,362	6/30/2019	(874,089)
T. Rowe Price Group Inc.	3,966,418	2.27	1,038,765,210	6/30/2019	945,431
JP Morgan Asset Management	3,417,105	1.96	894,905,628	6/30/2019	521,496
Geode Capital Management LLC	2,832,211	1.62	741,727,739	6/30/2019	167,548
Massachusetts Financial Services Co.	2,470,900	1.42	647,104,001	6/30/2019	66,549
Dimensional Fund Advisors LP	2,340,735	1.34	613,015,089	6/30/2019	(3,229)
Northern Trust Global Investments	2,337,815	1.34	612,250,370	6/30/2019	41,965
Daiwa Asset Management Co. Ltd.	2,162,760	1.24	566,405,216	6/30/2019	341,718
Capital Research & Mgmt Co.	2,017,856	1.16	528,456,308	6/30/2019	(648,918)
Charles Schwab Investment Management Inc.	1,824,164	1.04	477,730,310	6/30/2019	60,169
Legal & General Investment Management Ltd.	1,527,627	0.87	400,070,235	6/30/2019	142,253
Invesco Ltd.	1,523,235	0.87	398,920,014	6/30/2019	(108,183)
Norges Bank Investment Management	1,481,491	0.85	387,987,678	12/31/2018	0
Renaissance Technologies LLC	1,468,123	0.84	384,486,732	6/30/2019	(194,215)
UBS Asset Management AG	1,458,811	0.84	382,048,013	6/30/2019	47,723

Displaying 1 to 20 (of 972)

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.