Originally Posted by
trader_jackson
Interesting you say this about kiwisaver: not sure if you have mistakenly posted in the wrong thread, or maybe would like to point out one particular ranking system of one particular fund from one particular source, or were trying to imply westpac is somehow determining PEB's stable share price (of late)... It got me thinking, lets have a look at a few facts about institutional ownership of PEB (again...)
Back to the PEB's "insto" register: (going of recent information I have tried my best to find)
- Westpac: 7.86% (increased holding disclosed on 19 May 2016)
- First NZ: 10.10% (increased holding disclosed on 9 November 2015)
- Devon: 6.42% (increased holding disclosed on 29 September 2015)
- Harbour Asset: 9.06% (increased holding disclosed on 8 July 2015)
- Salt: 8.17% (increased holding disclosed on 6 July 2015)
= over 40% of PEB held by institutions...
How much paper gains/losses each of these has made could be argued, however there seems to be 0 intention of selling, and more a hold and wait and see (along with me and several other holders in for the long run)... you can view it anyway you want, but it is clearly some sort of vote of confidence in PEB (also note the last time they disclosed a movement, all of them increased their holding)
(These are taken from the latest SSH notices, so I could be wrong and is always good to DYOR, although from the looks of it I'm not to sure how many other tech/unprofitable companies has such a diverse institution shareholder register, XRO maybe?, I suppose some of the above could be holding funds on behalf of clients as well, although I'm not entirely sure on how this works)
What is a coincidence, although probably unrelated (such as the comment you have made) is that Salt Funds Management, who increased their stake from 5.2% in mid 2014, to 8.2% in mid 2015, were last night named fund manager of the year.