Shareholding ratio of institutional investors
factor.formula
Institutional investors' shareholding ratio:
In the formula, the numerator represents the number of company shares held by institutional investors at the end of the reporting period, and the denominator represents the total number of shares issued by the company at the end of the reporting period.
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Refers to the total number of company shares directly or indirectly held by institutional investors (including but not limited to funds, insurance companies, securities companies, QFII, etc.) at the end of the reporting period. This data usually comes from the institutional shareholder shareholding information disclosed in the company's regular reports (such as annual reports, semi-annual reports, quarterly reports), or the shareholding data disclosed by the exchange. It should be noted that the definition of institutional investors may vary from data source to data source, and needs to be calibrated according to actual conditions.
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Refers to the total number of shares issued by the company at the end of the reporting period. The total share capital is usually disclosed by the company in periodic reports or public information disclosed by the exchange. It should be noted that the total share capital includes both tradable shares and restricted shares, but when calculating the proportion of institutional holdings, the total number of shares issued is used.
factor.explanation
The proportion of institutional investors' holdings reflects the degree of favor of professional investors in the market for a company's stocks. A higher proportion of institutional holdings usually means that institutional investors have higher confidence in the company's fundamentals, industry prospects, or management capabilities. However, it should be noted that the higher the proportion, the better. An excessively high proportion of institutional holdings may lead to increased stock price volatility, because institutional investors usually have a higher trading frequency and a larger trading scale, and their behavior may have a greater impact on stock prices. At the same time, if institutional investors have negative expectations for the market or company's prospects, their concentrated selling may cause a sharp drop in stock prices. Therefore, when analyzing the proportion of institutional holdings, it is necessary to comprehensively consider other factors, such as the company's fundamentals, industry prospects, market sentiment, and the historical behavior of institutional investors. In addition, different types of institutional investors (such as long-term investment institutions and short-term speculative institutions) may have large differences in buying and selling behaviors and motivations, which need to be analyzed in combination with specific circumstances.