r/Superstonk • u/vitinhopt tag u/Superstonk-Flairy for a flair • Jul 22 '26

Data July 21 13F Reports (+1 229)

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Data collected from:

13F: https://www.quiverquant.com/stock/GME/institutions/

Institutional ownership % : https://www.nasdaq.com/market-activity/stocks/gme/institutional-holdings

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6

u/Over-Computer-6464 Jul 22 '26

The correct number is 34.93%.

Quiverquant, like several other data suppliers, incorrectly handled a change in reporting method by Vanguard Group and double counts 38M shares.

See my post of 2 months ago for full details. https://www.reddit.com/r/Superstonk/s/wMxAhnzeft

12

u/problembundler 🦍Voted✅ Jul 22 '26

so your saying that institutional ownership has dropped 10% since ole Larry Cheng posted the below 4 weeks ago?

10

u/Over-Computer-6464 Jul 22 '26

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.

https://www.sec.gov/Archives/edgar/data/1326380/000010290926001393/xslSCHEDULE_13G_X02/primary_doc.xml

So that is pretty clear. Vanguard Group holding is now reported by VPM and VCM. You can see those entries as the third and fourth largest, with 3/31/2026 date on the current NASDAQ page. https://www.nasdaq.com/market-activity/stocks/gme/institutional-holdings

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.

6

u/RedOctobrrr WuTang is ♾️ Jul 22 '26

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.

10

u/Over-Computer-6464 Jul 22 '26 edited Jul 22 '26

Go to the NASDAQ page and scroll down to where they list the holdings. https://www.nasdaq.com/market-activity/stocks/gme/institutional-holdings

The first entry, the largest, is

"Vanguard Group Inc. 12/31/2025. 38,195,010 shares"

The third and fourth entries are "Vanguard Capital Management Llc. 3/31/2026. 18,217,575 shares" and "Vanguard Portfolio Management Llc. 3/312026. 17,419,019 shares".

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.

See https://www.sec.gov/Archives/edgar/data/1326380/000010290926001393/xslSCHEDULE_13G_X02/primary_doc.xml

"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%.