Investors
Corporate Overview
Corporate Profile
Corporate Governance
Mergers & Acquisitions
Officers & Directors
Community Responsibility
News & Presentations
Press Releases
Archived Earnings Releases
Investor Presentations & Reports
Webcasts
Stock Information
Stock Chart
Financial Calculators
Historic Prices
Stock Splits & Dividends
Insider SEC Filings
Insider Transactions
Institutional Ownership
Analyst Estimates
Financial Information
SEC Filings & Annual Report
Acquisition Tax Information
Financial Highlights
Peer Analysis
Credit Ratings
Investor Services
Investors Choice Program
Event Calendar
Email Notification
Information Request
FAQ
Log in
Locations
Open account
Home
Community Bank, N.A. Website
Close
Close
Institutional Ownership
Ownership > 100%
Copyright
,
© Powered By Q4 Inc.
Ownership > 100%
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.