Morning all,
A quick post from me to show how we need to be careful of websites that claim to track institutional buying/selling in equity markets.
e.g.
Reuters has QPP's institutional holding level at 20.44% with a net three month change of 26,621,650 shares (90,932,273 shares held in total by institutions):
http://www.reuters.com/finance/stocks/financialHighlights?symbol=QPP.L
Morningstar has this figure (by my calculations) at 10.17% (45,295,100 shares in total held by institutions) and, that i can find, doesn't even mention the recent Beach Point Capital purchase:
http://investors.morningstar.com/ownership/shareholders-concentrated.html?t=QPP®ion=gbr&culture=en-US&ownerCountry=USA
Conclusion: Reuters is probably a better resource for this institutional holdings information (this opinion was seconded my my mates in the city - although nothing beats seeing the actual register).
Cheers,
The Masked Stock Trader
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