FNMA and FMCC preferreds. In search of the elusive 10 bagger.

[This2ShallPass]

8 hours ago, orthopa said:

Not sure when its reportable but he may have bought some preferred since the election? 

That might be it, because I didn't see him owning preferreds in their latest release.

 

I tried to calculate his ownership, looks like he has 43M of Fannie common and 50M shares of Freddie.

[sleepydragon]

5 hours ago, This2ShallPass said:

That might be it, because I didn't see him owning preferreds in their latest release.

 

I tried to calculate his ownership, looks like he has 43M of Fannie common and 50M shares of Freddie.

Yeah preferred are not reportable. For common, because it’s OTC, it’s only reportable when someone own more than x% (i think x =10, not sure)

 

[This2ShallPass]

2 hours ago, sleepydragon said:

For common, because it’s OTC, it’s only reportable when someone own more than x% (i think x =10, not sure)

I don't think he reported common. But in one of the presentations, he had shown % ownership of Fannie and freddie and from there I calculated how many shares he might have. That's just an estimate by me.