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Author: Germanics One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 216  
Subject: Re: The Fundamentals Behind GameStop Date: 10/3/2010 6:02 PM
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Can you elaborate on the origin of this rating of Overweight, and especially on how it indicates something so specific about portfolio managers' holdings? The only use I have seen for the term before indicated a category between Buy and Hold.

Thanks!


Allow me first to say I'd like to make a correction in the following statement from my original post.

"The stock has been rated as 'Overweight' which means that some portfolio manager's are holding upwards of 25% of their funds in this particular stock."

In actuality there are no single Mutual Funds or Institutional owners currently holding more then 25% of GME within their own portfolio's compared to their other allocations.

However, currently the holdings look as such;

Ownership Breakdown: GME
as of 3:01 AM EDT
Large Block Holder Type Number
Institutions 500

Total Number of Shares Held 150.35 M
% of Shares Owned by all Large Block Holders 100.00%
Mutual Fund 1,004
Other Major 14
Total Number of Large Block Holders 1,518

I apologize for my misrepresentation in my article above.

Now to answer your question in regards to the terminology of 'Overweight' as it has two meanings. This term is used by both Analyst and Mutual Funds. The best way to define this is at the following link from Investopedia.com.
http://www.investopedia.com/terms/o/overweight.asp

Thank you for your question.

- J.P. Germanic
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