The trend I pointed out in those two earlier updates continues; namely the institutional ownership has continued to grow; more institutions are buying than selling both in terms of number of funds/institutions and also in terms of net shares traded. Specifically, the total number of shares held by institutions is now 76.5 million shares vs 72.5 million shares two months ago.
Below I will list all institutional activity over 10K of shares since mid March. The last number in each row is net share change in the transaction and the number preceeding it is the total number of share held prior to transaction. The point essentially is this: while retail investors are selling, the institutions are picking up shares. I would expect the trend to slow down until after earnings, but I doubt it will reverse until then.
2012-04-19 13F-HR Schwab Charles Investment Management Inc Institution 185502 Added More 27206 2012-04-16 13F-HR Bank Of New York Mellon Corp Institution 869652 Added More 120666 2012-04-16 13F-HR Winchester Group Inc No Data 42720 New Holding 42720 2012-04-16 13F-HR/A Dialectic Capital Management Llc Institution 55594 New Holding 55594 2012-04-11 13F-HR Granahan Investment Management Inc Institution 2468050 Sold Some -415330 2012-04-05 N-CSRS American Money Management Funds - Fallen Angels Income Fund Equity Income 25000 New Holding 25000 2012-03-30 N-Q Powershares Exchange-Traded Fund Trust Ii - Powershares Preferred Portfolio Specialty & Misc 103957 Added More 25438 2012-03-28 N-Q Rydex Etf Trust - S And P Smallcap 600 Pure Growth Etf Small-Cap Growth 85536 New Holding 85536 2012-03-26 N-Q Mtb Group Of Funds - Mtb Small Cap Growth Fund Small-Cap Growth 100000 New Holding 100000 2012-03-26 N-Q Nationwide Mutual Funds - Nationwide Large Cap Value Fund Large-Cap Value 10827 New Holding 10827 2012-03-26 N-Q Vanguard Explorer Fund - Vanguard Explorer Fund Small-Cap Growth 2219500 Added More 105200 2012-03-22 N-Q/A Glenmede Fund Inc - International Portfolio International Multi-Cap Value 14460 New Holding 14460 2012-03-21 13F-HR/A Norges Bank Institution 455526 Added More 186475 2012-03-20 13F-HR/A Macquarie Group Ltd Institution 9900 New Holding 9900 2012-03-12 N-CSR Lazard Retirement Series Inc - Lazard Retirement Us Strategic Equity Portfolio No Data 0 Sold All -153900 2012-03-12 N-CSR Needham Funds Inc - Needham Aggressive Growth Fund Mid-Cap Growth 897500 New Holding 897500 2012-03-12 N-CSR Needham Funds Inc - Needham Growth Fund Mid-Cap Core 795000 New Holding 795000 2012-03-12 N-CSR Needham Funds Inc - Needham Small Cap Growth Fund Small-Cap Growth 825000 New Holding 825000