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Insmed Incorporated Message Board

  • zake1 zake1 Mar 25, 2014 3:09 PM Flag

    Check out Wells Fargo

    Got this tip from a fellow board poster..
    Wells Fargo & Company 1,907,779 4.86 32,432,243 Dec 31, 2013
    They now own almost 5%....hmmmm

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    • michael_coen Apr 1, 2014 1:17 PM Flag

      My posts don't last long here; I tried (several times) to let folks know that Wells acquired about 7.4% of insmed in Q4. They are not previously a big holder of Insmed stock.

      We know (already) Wells Fargo Company MN (CIK 72971) filed their 13F-HR on 02/06/2014 declaring 1,907,779M shares (1865445+38852+3482=same as Nasdaq summary)

      Later I found form N-Q filed 02/27/2014 for Wells Fargo Funds Trust (CIK 1081400) with another 1,000,800 shares

      I cannot find a link between the two, so I believe these entities are unrelated. Thus Wells Fargo owns 2.9M shares in Insmed. As far as I know, they should declare the (combined) interest (7.4%) as being greater than 5%. It's very sneaky if you ask me, since the 1.9M is deliberately (in my view) under 5% (about 4.9% of outstanding shares)

      I think Insmed is a serious take-over target now, but I don't trust Insmed as far as I can spit, so who knows how this pans out.

    • Michael_Coen? I have Wells Capital Management at 1.9M shares as of mid February in the top ten Inst's

      Sentiment: Buy

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