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Spectrum Pharmaceuticals, Inc. Message Board

  • pfort1 pfort1 Nov 14, 2012 4:53 PM Flag

    13F Reports significant institutional selling in Q3

    All 13F reports are not in yet including Tang. However there was a lot of institutional selling during Q3. Barclays liquidated their position (1,066,229 shares), Blackrock Institutional Trust sold 3.504,218 shares, FMR liquidated 8,236,927 (however this may be to eliminate double reporting because their mutual funds are counted under institutional mutual funds on Fidelity. So far 11 institutions holding 99,000 shares or more at the end of Q2 liquidated their holdings. So far 5 institutions have created new positions in Q3 with over 200,000 shares each (highest 867,200). It will be interesting to see if net institutional/ mutual funds increased or decreased their holdings.
    Excluding FMR, the institutional sellers with sales over 99,000 reported sales of about 7.0 million so far and those buying over 99,000 reported buying about 4.0 million shares. All reports are suppose to be in by Nov 15.

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    • Institutions required to file 13F reported a net stock sales during Q3 of 7.3mm of SPPI. In addition shorts positions were increased by 6.3 million during the same period. Here's the tally from Whale Wisdom. The surprise is that the SPPI didn't tank worse.

      As of September 30, 2012
      Closing price on 09/30/2012: $11.70
      Filers who had this stock in their top 10: 2
      13F Filers holding this stock: 156
      Aggregate shares on 09/30/2012: 44,969,163
      Aggregate shares on 06/30/2012: 52,248,721
      Percent change: -13.932509%
      Funds creating new positions: 42
      Funds Adding to an existing position: 53
      Funds closing out their position: 27
      Funds reducing their position: 58
      View recent insider trading info

      • 2 Replies to pfort1
      • Over the weekend Whale Watch has revised it's summary data - no showing net sales of 3.585 million shares - this is more like Sherrry's report from NASDAQ:

        As of September 30, 2012
        Closing price on 09/30/2012: $11.70
        Filers who had this stock in their top 10: 2
        13F Filers holding this stock: 159
        Aggregate shares on 09/30/2012: 48,663,893
        Aggregate shares on 06/30/2012: 52,248,721
        Percent change: -6.861083%
        Funds creating new positions: 42
        Funds Adding to an existing position: 53
        Funds closing out their position: 27
        Funds reducing their position: 58
        View recent insider trading info

      • Every time I try to post something, it will not post. I shall see if this works!!! Have tried to post what Nasdaq shows, but have been unable to do so. Have tried twice now. Don't know what is wrong but am getting tired of typing the same message over and over again. Nasdaq and CNBC shows totally different figures than what Pfort is reporting!!!

        Sherry

        Sentiment: Strong Buy

    • " there was a lot of institutional selling during Q3. Barclays liquidated their position (1,066,229 shares), Blackrock Institutional Trust sold 3.504,218 shares, FMR liquidated 8,236,927 (however this may be to eliminate double reporting because their mutual funds are counted under institutional mutual funds on Fidelity."

      Barclays Global and PLC now own 2.75 Million shares of SPPI as of 9/30. Blackrock and FMR increased their joint holdings by about another 1 Million shares as of 9/30.

      Why would you make this blatant, intentional misrepresentation?

    • According to the Nasdaq website as at 30/6/12 186 institution held 52388492 shares and as at 30/9/12 179 inst. held 53618778. FMR increased its holding by 793623 shares to 9030550 shares

    • Whale wisdom just reported Tang's position - sppi666 reported this on the MB:

      Tang Capital
      By sppi666 . 29 minutes ago . Permalink
      Form 13f just came out. As of 9/30/2012 they owned 1,551,100 share of SPPI. That is a decrease of 4,059,767 shares since 6/30/2012.

      This makes 11 million shares sold by institutions who held over 99,000 as of 6/30.

 
SPPI
6.57+0.05(+0.77%)Jun 29 4:00 PMEDT