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Ownership

Two sides of ownership - many forms of disclosure.​

Every company has one or more owners. You can think of this "ownership" as control in a company, or incentives for performance. Paying attention to this structure, the players and their behavior is why investors watch ownership disclosures so closely.

Regulatory rules around the world force both companies and individual stakeholders to disclose postitions for two primary reasons:

  1. Identify who controls -- or can exert control -- over the direction of a company
  2. To protect the investing public against insiders from trading on materially non-public information (MNPI)

To do this, regulators have specific requirements for both firms and individuals. QUANTkiosk provides the most comprehensive view available, by curating these myriad and disparate disclosures into actionable structured data that allows for discovery as well as tracking of changes that can impact the structure and direction of public firms.

At present, QK provides uniform access into five views that are derived from a larger set of filings the SEC requires.

note

The U.S. regulator responsible for company disclosures is the Securities and Exchange Commission, and most disclosures are recorded in the EDGAR® database. QUANTkiosk sources all data directly from here and the nearly 20 forms that are submitted for ownership.

Five Views:​

  • Institutional Ownership (Hedge funds and other asset managers)
  • Insider Reporting (Directors, Offices and 10% holders)
  • Beneficial Owners (Block Holders & Activists)
  • Proposed Sales (Upcoming estricted stock sales - insiders + affiliates)
  • Issuer Holders (Institutional Ownership in a company)

Consistency of interface, quality and timeliness​

Having spent years working with this data to produce alphas, risk and research reporting we wanted to preserve the individual datasets while simplifying the aggregation of a holistic ownership view.

To this end, we have standardized the interface to each dataset, curated consistent fields names when appropriate and allowed for clarity in data provenance and detail that is often overlooked, discarded or ignored by all other data providers.