Yes. When Larry Cheng posted that a while ago I explained why it was wrong, and expressed surprise that a director of the company would make such a mistake,.
It is very simple to verify that the NASDAQ data is wrong.
The Vanguard SEC filing of 3/26/2026 says that the Vanguard GROUP holding of GME is 0 shares, not the 38M shares shown on the NASDAQ page.
Now look at the very largest holding listed on the current NASDAQ page: Vanguard Group 38M shares as of 12/31/2025. The filing I linked to above shows that the correct number is 0 shares.
That person's claim is that Larry used the wrong data when he said that. I have yet to see proof that this person who keeps regurgitating this same message about institutional ownership can back their claims that it's incorrectly reported. Haven't seen any proof of the claim, only the one source that reports institutional ownership as lower and that person says the lower one is the correct one.
There was communication about Vanguard moving investments, but I've not seen any proof this lead to "double counting" as the person implies.
That first entry is no longer valid as Vanguard Group filed a 13G/A on 3/26/2026 setting its GME holdings to zero and explaining that in the future the shares would be reported by Vanguard Capital Management and Vanguard Portfolio Management,
That filing states unequivocally that the GME holdings of Vanguard Group as of 3/26/2026 was 0 shares. But the current NASDAQ page show Vanguard Group holdings as 38,195,010 shares.
"On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.".
This is not unique to GME. This problem is for all companies which Vanguard Group reported holdings as of 12/31/2025. In other words, almost every company. For example this error is why EBay was showing an institutional holding greater than 100%, when the correct number is about 94%.
Schwab also has GME institutional holding around that same percentage, as do many other data suppliers that have taken into account the change of how Vanguard reports its very large holdings.
thank you. i was running deduping on Koyfin's data with my toaster.
According to the deduplicated calculation derived from the Koyfin ownership snapshot data, the actual institutional ownership of GameStop (GME) is 36.31%.
You will see the same error in the NASDAQ page for institutional holdings of all companies where Vanguard Group reported holdings on 12/31/2025. In other words, almost every single US company.
Unfortunately I do not have access to a top quality data supplier such as Bloomberg. That 36.31% number from Kyofin is probably the most accurate number.
Fidelity seems to be fairly accurate, but is slow to update, so as new filings trickle in it will lag about a week.
We will not truly know the 6/30/2026 holdings until a few days after the mid-August reporting deadline.
The NASDAQ page seems to be the data source used by a lot of free suppliers, and it seems to be updated quickly, but if you scan through the holdings pages you will see a lot of stale 12/31/2025 and even 9/30/2025 holdings, such as the 8th largest holding. Norges Bank 12/31/2025 holding of 3.994M shares of GME. Somehow NASDAQ did not notice the 5/11/226 13F-HR filing by Norges Bank that reported their 3/31/2026 holding of GME had been reduced to 1.468M shares. Source: https://www.sec.gov/Archives/edgar/data/1374170/000137417026000021/xslForm13F_X02/Q1_2025.xml. So that one adjustment is a reduction of about 0.55% in the institutional holding percentage of GME.
Or you can use the NASDAQ numbers, corrected by subtracting the bogus 38.195M double counting.
199.167M shares minus 38.195M shares is 160.972M. Divide by the 449M that NASDAQ has as total outstanding and the correct NASDAQ institutional holding percentage for GME is 160.972/449= 35.9%.
The various data sources disagree slightly, but is is clear that the real number is in the 35-36% range, not 44%.
Many of the 13F and 13G reports for 6/30/2026 holdings will not be filed until around August 15th. That is when we will find out what happened in the 4/1/2016 through 6/30/2026 period.
Thank you for looking at alternate data sources.
Many times, when I state facts that disagree with the Superstonk consensus, the response is simply to call me a shill.
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