IR Home
Corporate Overview
Corporate Profile
Officers & Directors
Governance Documents
Stock Information
Stock Quote
Historic Prices
Stock Splits
Financial Calculators
SEC Filings
Documents
Section 16 Filings
Institutional Ownership
Financial Information
Financial Highlights Report
Branch Map
Peer Analysis
News
Other Information
Information Request
Email Notification
FAQ
Shareholder Services
800.618.BANK (2265)
Locations
& Hours
News
Careers
Contact
Us
Menu
Personal
Banking
Accounts
Checking
Savings
Services
Online & Mobile
UChoose Rewards
Lending
Residential Mortgages
Home Equity & Personal Loans
Credit Cards
Customer Resource Center
All Resources
Applications & Forms
Calculators
Check Reorder
Coin Counter
Foreign Currency
Notary Public
Safe Deposit Boxes
Tax Payments
US Savings Bonds
Videos
True Checking
Truly Free and Flexible! With unlimited check writing and no teller transaction fees.
Learn More
Business
Banking
Accounts
Business Checking
Business Savings
Lending
Business Loans
Credit Cards
Services
Escrow Account Services
Merchant Services
Payroll Services
Online Services
Customer Resource Center
All Resources
Check Reorder
Applications & Forms
US Savings Bonds
Tax Payments
Videos
Calculators
Convenience Services
Business Checking
Truly Free and Flexible! With unlimited check writing and no teller transaction fees.
Learn More
Rates
Checking
Savings
CDs
Mortgages
Consumer Loans
Resources
Investor Menu
Investor Menu
Entire IR Site
Documents
Press Releases
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.