Recent filings show a clear trend: institutions have been steadily increasing their positions in @SharpLink.Even with equity and crypto markets adjusting to the current macro environment, the ownership data points to growing institutional conviction.Lagged disclosures make this easy to miss; another reason tokenized equity will eventually provide clearer realtime transparency.Matt Sheffield (@sheffieldreport):Great point. 13F filings, which report institutional ownership of the largest money managers, usual ...

Context: nine Wall Street ETF issuers hold over $18B in ETH, with corporate treasuries holding a similar amount; institutional ownership could approach or exceed 10% of supply in the near term. ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: US Technology, specifically focusing on large-cap tech stocks - **Key Findings**: Mega-cap tech stocks are currently the most under-owned in over 16 years, with a widening gap compared to the S&P 500 Core Insights - **Under-Ownership of Mega-Cap Tech Stocks**: - The gap in institutional ownership for mega-cap tech stocks compared to the S&P 500 increased to -148 basis points (bps) at the end of Q3 2025, up from -140 bps at the end of Q2 2025 [2][12] - Nvidia (NVDA) is identified as the most under-owned large-cap tech stock, followed by Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), and Broadcom (AVGO) [1][2] - **Specific Stock Analysis**: - **Nvidia (NVDA)**: - Institutional ownership decreased by 20 bps quarter-over-quarter (QoQ), ending at -2.61% [9] - **Apple (AAPL)**: - Institutional ownership increased by 36 bps QoQ to 4.45%, while S&P 500 weighting rose by 90 bps, resulting in a widening gap of 53 bps to -2.19% [15] - The iPhone 17 cycle is expected to benefit from a longer replacement cycle and upgrades, with a price target of $305 [15] - **Microsoft (MSFT)**: - Institutional ownership increased by ~40 bps QoQ to 5.1%, but remains ~200 bps below its S&P 500 weighting of 7.1% [16] - The company is positioned well for growth beyond GenAI, with a focus on accelerating revenue growth and margin expansion [16] - **Amazon (AMZN)**: - Remains under-owned with a weighting approximately 144 bps below the S&P 500 [17] - AWS revenue growth is expected to accelerate, with a price target of $315 [17] - **Meta (META)**: - Under-owned with a weighting about 40 bps below the S&P 500, with a price target of $820 [19] - **Alphabet (GOOGL)**: - Under-owned with a price target of $330, driven by GenAI innovation and cloud business growth [17][19] Additional Insights - **Institutional Ownership Trends**: - The average active ownership for large-cap tech stocks is significantly lower than their S&P 500 weightings, indicating potential for future stock performance improvements [12] - The analysis suggests a statistically significant relationship between low active ownership and future stock performance, indicating potential upward price movement for under-owned stocks [12] - **Market Dynamics**: - The report highlights the importance of understanding the dynamics of institutional ownership as it relates to stock performance, particularly in the context of mega-cap tech stocks [12] - **Risks and Considerations**: - Rising commodity input costs may pressure margins for companies like Apple, but manageable due to better supply chain leverage [15] - Concerns regarding the broader return on investment for Nvidia's AI spending, despite strong demand indicators [25] Conclusion - The current landscape for mega-cap tech stocks presents a unique investment opportunity due to their under-ownership status, particularly for stocks like Nvidia, Apple, and Microsoft. The analysis indicates potential for upward price movement as institutional ownership adjusts to reflect their market performance.

Core Viewpoint - VisionWave Holdings, Inc. has reported that Goldman Sachs Group, Inc. has filed a Schedule 13G with the SEC, indicating beneficial ownership of approximately 798,260 shares, or about 5.2% of the company's outstanding shares as of September 30, 2025 [1][2]. Group 1: Filing Details - The filing was made under Rule 13d-1(b) of the Securities Exchange Act of 1934, which pertains to institutional investors acquiring securities in the ordinary course of business without the intent to influence control of the issuer [2]. - A Schedule 13G is a passive ownership report typically filed by large financial institutions holding positions in multiple public companies, reflecting Goldman Sachs's aggregate ownership across its asset-management and broker-dealer divisions [3]. Group 2: Company Response - Douglas Davis, Executive Chairman of VisionWave, stated that institutional ownership by respected financial firms signifies increasing recognition of VisionWave's technology roadmap and market positioning [4]. - The company remains focused on delivering value to shareholders through disciplined growth and innovation [4]. Group 3: Company Overview - VisionWave Holdings Inc. specializes in developing and commercializing next-generation defense technologies that integrate AI-based sensing, radar, and autonomous systems for various applications [5]. - The company's mission is to enhance situational awareness, safety, and decision-making for government, defense, and commercial customers globally [5].

Volatility and Risk - Grow Capital has a beta of 25.26, indicating its share price is 2,426% more volatile than the S&P 500, while its competitors have a beta of -6.48, showing their average share price is 748% less volatile than the S&P 500 [1] - 43.9% of Grow Capital shares are held by insiders, compared to 35.7% for all "REAL ESTATE DEV" companies, indicating strong insider ownership [1] Profitability - Grow Capital's net margin is -119.94%, while its competitors have a net margin of -41.60% [3] Earnings & Valuation - Grow Capital's gross revenue is $3.01 million with a net income of -$3.62 million and a price-to-earnings ratio of -7.00, whereas its competitors have a gross revenue of $19.50 billion and a net income of -$81.10 million with a price-to-earnings ratio of 5.59 [5][6] - Despite lower revenue, Grow Capital has a lower price-to-earnings ratio than its competitors, indicating it is currently more affordable [6] Summary - Grow Capital outperforms its competitors in 5 of the 9 factors compared [7] About Grow Capital - Grow Capital operates in the financial technology sector, providing software, technology, and services to financial services firms and advisors, including customized back office compliance and digital engagement marketing services [10]

Core Insights - Oppenheimer Asset Management Inc. increased its stake in ZoomInfo Technologies Inc. by 34.9% in Q2, owning 65,034 shares valued at $658,000 after acquiring an additional 16,835 shares [2] - Other institutional investors also significantly raised their positions in ZoomInfo, with Parallel Advisors LLC increasing its stake by 143.6%, Brooklyn Investment Group by 180.5%, and several others showing substantial increases [3] - Institutional investors and hedge funds collectively own 95.47% of ZoomInfo's stock, indicating strong institutional interest in the company [3] Financial Performance - ZoomInfo Technologies' stock price increased by 2.9%, opening at $11.22, with a market capitalization of $3.84 billion [4] - The company has a price-to-earnings ratio of 374.12 and a PEG ratio of 13.05, suggesting high growth expectations relative to earnings [4] - The stock has a 1-year low of $7.01 and a 1-year high of $13.39, reflecting volatility in its market performance [4] Company Overview - ZoomInfo Technologies provides a go-to-market intelligence and engagement platform for sales and marketing teams, offering cloud-based solutions to identify target customers and decision-makers [5] - The platform includes features for predictive lead scoring, monitoring buying signals, and automating sales processes, enhancing user engagement and tracking through the deal cycle [5]

Core Insights - Tevogen Bio Holdings Inc. reported a 60% increase in institutional ownership of its common stock as of March 31, 2025, compared to December 31, 2024 [2] - Vanguard and BlackRock were the largest contributors to this growth, increasing their holdings by 151% [2] - 73% of the 51 institutional investment managers holding Tevogen stock either increased or maintained their positions, indicating a significant influx of new investors [2][3] Company Developments - The increase in institutional ownership is viewed as a sign of confidence in Tevogen's fundamentals and long-term growth potential [3] - Tevogen is advancing its Tevogen.AI initiatives, including new patent activity and collaborations with Microsoft and Databricks [3] - The company plans to establish its own GMP cell manufacturing facility, which is expected to enhance its capabilities in developing targeted therapies for cancers and infectious diseases [3] Future Outlook - Tevogen will provide another update on institutional ownership following the next SEC reporting period, indicating ongoing monitoring of investor sentiment [3]

Core Insights - SoFi Technologies (SOFI) stock has recently reached a 52-week high of $20, reflecting a +30% gain in 2025 and over +200% increase in the last three years [1][2] Growth Targets - SoFi's management is targeting 30% member growth and 20% revenue growth, aiming to exceed $3 billion in revenue for the current year [3] Subscriber Growth - As of the end of Q1, SoFi reported a record 10.9 million subscribers, a 34% increase from the same quarter last year [4] Revenue Projections - Zacks projects SoFi's total sales to rise 25% in fiscal 2025 to $3.29 billion, up from $2.61 billion last year, with FY26 sales expected to increase another 19% to $3.93 billion [4][5] Market Opportunities - Proposed federal caps on graduate student loans are likely to drive borrowers towards private lenders, potentially expanding SoFi's market share [6] - SoFi plans to re-enter the cryptocurrency market, offering trading, staking, and crypto-backed loans, which may attract investor interest [8] Strategic Partnerships - SoFi has formed key partnerships, including with Capitalize Inc. for retirement services and expanded loan platform agreements with Fortress Investment Group, enhancing its lending capacity [9] Institutional Ownership - Significant stakes in SoFi by institutions like BlackRock, State Street, and Vanguard Group indicate strong confidence in the company's business model, with institutional ownership exceeding 40% [10] Financial Position - SoFi has $2.71 billion in cash and equivalents, with total assets of $37.74 billion, surpassing total liabilities of $31.07 billion, indicating a solid balance sheet [11] Investment Outlook - Despite a recent rally, SoFi holds a Zacks Rank 3 (Hold) and is trading at a 70X forward earnings multiple, suggesting potential for better buying opportunities in the future [12]

Ownership Trends - As of March 2025, Foreign Institutional Investors (FIIs) owned 18.1% of BSE 500 stocks, down from a peak of 22% in 2014, while Domestic Institutional Investors (DIIs) owned 17.2%, the highest in 18 years[7][11] - In Q1 2025, DIIs increased their ownership in large-caps to 18.2% from 17.8%, mid-caps to 15.2% from 14.9%, and small-caps to 14.1% from 13.4%[8][16] Sector Exposure - FIIs increased exposure to Financials while reducing it in Consumer Staples, Consumer Discretionary, Healthcare, and Technology[3] - Retail investors increased their ownership in small-caps to 13.6% from 13.4% but reduced it in large-caps to 7.7% from 7.8%[10] Crowding and Alpha Opportunities - Stocks with significant increases in institutional ownership have underperformed the market by -3.5% to -3.8% per annum since 2006, indicating crowding behavior[4][35] - Under-owned stocks have historically generated alpha of 1.2% to 3.6% per annum since 2006, suggesting potential investment opportunities[4][42] Industry Rotation Strategy - A strategy of going long on the three least crowded and short on the three most crowded industries has yielded 5% annualized returns since 2009, with a notable increase to 29% post-COVID[52][56] - In Q1 2025, the crowded industry cohort was down -12.2%, while the market was down -4.6%, highlighting the risks associated with crowded sectors[4][52] Current Market Insights - The least crowded industries currently include Media, Steel, and Energy, while the most crowded are concentrated in Financials, particularly Banking and Asset Management[4][54] - The retail investor class remains the largest in small-caps, owning 13.6% compared to mutual funds at 11.2% and FIIs at 11.4%[10]