Institutional Holders as of Dec. 31
I like to scan this list of the biggest holders to see who is a new holder and an increased holder in the latest quarter, particularly in the case of Q4 because it was so volatile and demanded a gut check decision of the active portfolio manager. I generally look past the quant funds and the ETF managers.
I ask myself what do the active managers know and believe and why?
Mangrove is a big, savvy energy holder, but Portolan only dedicates 2.98% to energy and Geode only 4.95%. What do these latter two, who are both from Boston, believe about AXAS?
SCW of Dallas is new to AXAS which is the only E&P among the 12 positions in the entire SCW portfolio. Talk about a focused bet that has a catalyst in mind, you can be sure.