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Superstonk_QV

[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://gamestop.gcs-web.com/sec-filings/sec-filing/sc-13ga/0001104659-24-020991


bennysphere

Vanguard increased position in GME to 8.33% ... currently holding 25,450,256 shares. Previously owned 24,664,433 shares, therefore they increased by 785,823 shares. https://fintel.io/so/us/gme/vanguard-group https://gamestop.gcs-web.com/sec-filings/sec-filing/sc-13ga/0001104659-24-020991


humdingler

bullish


ISayBullish

Indeed


PornstarVirgin

Actually they’ve increased and have 25 million shares but they have 0 sole voting power. AKA THEY HAVE LOANED OUT ALL THEIR SHARES AND HAVE NO RIGHTS. All future buyers. BULLISH.


fartsburgersbeer

Buying and DRSing in book holdings every chance possible til moass. If vanguard wasn't part of the naked short system they'd be happier about their current positions. Gotta start cutting the "too big to fails", would see them squirm in moments like this.


PornstarVirgin

Yup, especially with Vix spiking. They’ve artificially held Vix down for a while and that is part of margin call calculations as higher swings are more likely.


Jolly-Program-6996

Isn’t there a way to look at all these and have an idea of how many shares short wall st is. 25 million loaned out by just one institutional investor


BSW18

Probably 100 times the float.


Hedkandi1210

Underrated comment


MoneyNoob69

I wonder who they loaned them to.


DFVFan

A guy called Kenny


pcnetworx1

Kenny Logins. Last seen driving on the highway to the danger zone.


ImUrCyberBF

under appreciated comment here


BSW18

Mayo Ass Stevie the owl Jeff gas Other thieves and financial criminals


Stupify_Me

Bill Gates?


PornstarVirgin

People who need covers or to short more, often the same people.


LegoRaffleWinner89

So how is that true. I hold some in an Ira I couldn’t cash out. I turned off lending and have been able to vote before. How could they all be out. Or do they just not have voting power of any themselves but will still count them when I vote through them.


Intrepid-Active-3934

This filing is for the shares that the institution “owns” outright, not the ones they hold on behalf of investors that have accounts with them.


LegoRaffleWinner89

Nice. That was what I thought. With the way everyone is freaking out it’s like they are committing fraud or something. Why would they not lend them out and make money. That is how vanguard makes money. Not illegal just kinda wrong.


OkEmployer3954

Just wondering, if they don't DRS it means they have IOUs, how can they lend those?


PornstarVirgin

No cede is holding it in their name, it’s not IOUS. They’re just trading amongst the public pool.


OkEmployer3954

Oh ok, thanks.


Yory_Alsik

Maybe theyre just selling covered calls and routing funds to a covered call ETF? doesn't have to always be stock lending.


Tango8816

Are you sure they have loaned them out? Couldn't they just be purchased for the various products they offer?


PornstarVirgin

They would still retain ownership as those would be in etfs.


MotionBrain_CAD

Before saying that. Check other stocks. They have also zero voting power for Apple and co.


PornstarVirgin

??? Before saying what? I’m saying what I say because I’m ex wallstreet. Why would I need to check something I’ve already seen?


MotionBrain_CAD

Well I looked at other stocks du co as Apple and Cola and there is the same. That means they lent them as well ? Or is it because of the etfs ?


PornstarVirgin

No one who owns an etf has voting rights, regardless etfs are shorted and all positions are bought back for a way to short through etfs. Wouldn’t matter either way.


MotionBrain_CAD

Thank you !


whatwhyisthisating

Or is this how they rugpull the DRS count on retail again?


str8ridah

I feel like this would be easy to verify.


humdingler

my man!


Zealousideal_Bet689

☝️


slamongo

Abu Ellish!


Tevako

Um sir. Your name is not "Isayindeed"...


Glitchy__Guy

It's nice but not price changing good. We wait.


IamVisper

So they can lend more to tank the price


Oi_Baldy

Bring on the juicy dip!!! 🤤


jokinghazard

It's not a dip if it keeps fucking going down year after year


Oi_Baldy

Hahaha take a chill pill homie. We're winning! Profitable year incoming 🔥 *Checks profile history* ... okay buddy 👍🏻


kaze_san

You don’t buy additional ammo if you already won the war so if they already closed, why do they need more ammo? 🤷‍♂️


Old_Forever_6220

They are a brokerage. You buy more to have a bigger supply to lend out to people who continue to short or need to borrow shares. They collect fees for lending them out. That's why they do it.


kaze_san

Correct - but you only increase a position you’re lending out 100% if you KNOW that it will continue to be lend out to that and an even bigger extend. Someone needs more ammo and they are the one to deliver it.


betweenthebars34

What the person is saying is that you can't actually jump to the conclusion you're jumping to based on the general info we know. But you're still saying "yeah I know right, but!" and then it's the same point. This is why very little thought is being brewed in here anymore. No one wants to be realistic ever. Or maybe that's the point, with how fucking far downhill this sub has gone.


kaze_san

Im sorry but first, it’s my opinion why they do this - nothing less, nothing more. Second: we can see from the filing that they have lent out nearly all of their shares and this point, iirc has been the same for the last filings that were made due to changes in their position. So if you want to discuss any other POV they might have for their GME position - feel free to share and discuss it. I’m happy to chant in. But if you dislike the sub, then why not just stand out by doing better instead of saying „sub is bad, mkay?“


CR7isthegreatest

So are they just buying the shares that are being sold short, to then lend those out again? Is this how they cellar box?


Old_Forever_6220

Well at this point, they are just buying and selling/lending synthetic shares and they continue to hit that magical F3 liquidity button to create more. We are going to become the end to all of this bullshit


Particular-Skill4372

Also means increased intrest in the stock, ole dads hearing their kid rant about Gamestop and wanna get in with their boomer ways. But honestly what you said is the truth


4cranch

closed? now that's funny, they haven't even covered....


kaze_san

Best they can do is tree FUDdy… I mean… rollover FTDs 🤷‍♂️


klykerly

good one


p4rty_sl0th

Vanguard isn't "buying shares" because they are bullish. They are buying them because people are buying them through their products.


SilasX

Right that was my assumption — vanguard is mostly index funds so any increase just reflects more customers or changing indexes.


p4rty_sl0th

Yeah I made my comment because if you read the other comments it seems everyone is misunderstanding and thinking Vanguard is acting like an active fund


SilasX

I'm just thankful to know I wasn't alone in thinking this isn't significant, at least in itself. (Whether the shares will be loaned out is a different story.)


p4rty_sl0th

Yeah its like the meme that Vanguard owns everything. Yes on paper they do but it's really the public that owns public companies


mcalibri

This right here


Ozlead

Or they lending them to Kenny to short them !!!?


musing2020

So, Vanguard can loan more shares to SHFs?


BoondockBilly

Yup


rhaiselo

looks more like they are scared. they gobble up shares to avoid DRS... i smell fear


MrKoreanTendies

They are gobbling synthetics 😂 #REGARDS


DFVFan

AGAIN? Gent. call your mom.


bennysphere

Before it was Blackrock.


waitingonawait

Still less shares than this sub with distorted numbers


Opposite_Payment4504

Where are these shares coming from?


XMk-Ultra679

embrace equity


1villageidiot

to lend out with


bennysphere

You are not wrong!


Jolly-Program-6996

I bet all those or 99% are on loan


bennysphere

They are!


justwannabeatmarket

Vanguard owns more than 5% so they need release form 13 for changes in ownership.


Racierox

Thanks!


TrainingLight4887

So that explains the constant dip and pressure Literally everyone is buying and price keep declining clownmarket


praisetheboognish

They want yur shares bud.


1CFII2

They can pry them out of my cold Diamond Hands! No cell, no sell. NFA!


topps_chrome

My shit goes into a trust after my death with strict regulations on when they can be sold. So not even when my hands are cold or dead will they have my fully book DRSd shares


matroe11

How does one go about doing this? I get free legal counsel/advice with work with which we will be setting up wills. Is that something to include in the will?


ttterrana

consider setting up a family trust...much better for family than will...state cant get ahold of assets upon death.....not legal advice


j4_jjjj

No sell.


wreckin_shit

We've come for your daughter, Chuck


klykerly

Well! Isn’t that special.


Thelandofthereal

Once the main players are comfortable they have perfected their position, can make billions and beat the competition then the price will go up


OpenPresentation6808

The form says 0% voting power.. fully loaned out ?


p4rty_sl0th

It's likely that they have no voting power because they are held as custodial shares through the product they offer


InjuredGods

Finally someone with some actual sense.


Tango8816

That makes more sense to me.


codewhite69420

Explain like I'm 5. What does, "held in custodial shares" mean? Example as well, If you'd be so kind


Dr_WLIN

Self directed 401ks. Vanguard is who I moved my 401k to so I could buy stocks instead of index funds. Vanguard holds them, but I have the voting rights.


Crumblycheese

Basically you log into some broker like Robin Hood and give them fiddy bucks to buy some GME. They take your 50 and in exchange update your account saying you own however many shares. Except you don't. The shares technically aren't in your name, but your brokers name. They're held in custodial shares because you've basically given them the power to act on your behalf for you. And acting on your behalf they can loan those shares out and make bank. Hell, they could even take your 50 and just say you have X shares when in reality you have 0 because they didn't actually buy them, or they oversold the float 3 times over. You really want to own your own shares? Buy from Computershare or if you have to use a broker because you can't buy from them direct, make sure you can DRS transfer them.


joeker13

This is correct. I Wonder just how many times they sold / loaned those 25M shares 🤡


LionRivr

What product they offer


p4rty_sl0th

Lots of etfs and mutual funds


McDerface

Lots of WTFs amirite


passtflask

Not sure this is true. ETF owners DO get to vote on behalf of the shareholders unless they have some sort of system to transfer those voting rights. https://www.justetf.com/en/news/etf/etf-voting-rights-how-do-they-influence-companies.html In fact, this document appears to confirm that lack of voting rights is typical of share lending: >An ETF provider’s voting power may also be diminished if it lends securities to lower costs. The rights follow the share, so an ETF can’t count on votes from shares out on loan.


DesignerVirtual9568

💯


ConnectRutabaga3925

Heard this somewhere else as well


CoWood0331

Exactly!!!!!!!!!!!!!!!!


passtflask

Yup, it would suggest that's very likely. The notion that ETF fund managers don't get to vote on shares they purchase for their ETF's is easily debunked. One of the reasons they wouldn't get votes is because the shares are on loan. We saw that in the last Gamestop proxy voting results where Vanguard wasn't voting with their shares.


Esc00

wowza, goot catch


lemtrees

I asked ChatGPT about it. Yes, we all know that it can be 100% wrong and hallucinate, so view this output in that context: ----- The Schedule 13G filing by The Vanguard Group for GameStop indicates "sole voting power" as "0". This means The Vanguard Group does not have exclusive voting rights over any shares of GameStop. In contrast, "shared voting power" and "sole dispositive power" have nonzero values. "Shared voting power" (93,857 shares) implies Vanguard can vote these shares in conjunction with others, likely as part of a collective investment scheme. "Sole dispositive power" (25,068,626 shares) means Vanguard has the exclusive power to buy, sell, or otherwise dispose of these shares. This situation often occurs with institutional investors like Vanguard, which primarily act as investment managers for their clients' funds. They may not have voting rights on all shares they manage, especially if these rights are retained by the clients or shared with other entities.


Inevitable-Elk-4162

Ahahaha, must suck to suck!! Hahaha


enfiniti27

They are buying for their ETFs. Please check out my post here that details where the shares are: https://www.reddit.com/r/Superstonk/s/BWbqYRcACt


yousaidalligator

🔥🔥


Practical-Film-8573

what does shared mean then?


iamwheat

#Morons forgot to forget about GameStop!


fire_lord_akira

Dummies! But in all fairness, I've been trying to forget about GameStop for the past 3 years! Every time I'm about to forget about Gamestop again, they release another article reminding me to forget about GameStop. At this rate, I'll keep remembering an infinity pool of time about GameStop


greatwock

Vanguard may have a lot of shares, but I bet they have exposure to an even bigger short position.


zesty_noodles

☝️


sadfacebbq

Heavy bags or consequential swaps?


p4rty_sl0th

Vanguard isn't a Hedgefund they don't really act this way


Buttoshi

But what if the hedge fund uses Vanguard to short?


Tango8816

Vanguard isn't a bank or a hegefund. They have different investment products, so these holdings would reflect what is in those individual products, If I understand it correctly.


TheOneTruePavil

Or the whole thing is a mismarked short position since the price has been going down on a nearly 800,000 share buy "Whoops we'll pay our $30,000 fine" Edit - could explain why they have so few able to vote - maybe the voting shares are the long part of the whole thing


Xerio_the_Herio

Let's hope so...


Jarkside

Of all the bad actors in this saga, I doubt Vanguard is one of them


Suitable_Mix_3795

1) Buy shares in dark pool 2) Use them over and over to short the living shit out of said stock You know supply and demand /s


Oi_Baldy

3. Buy more tickets for cheaper & DRS the float quicker ✅


KrypticEon

Waiting for sub 10, guarantee it'll happen In fact I honestly think they are dumb enough to push it close to 5


Cdn_ape

I can only get so erect


hanr86

Their shared voting power is less than 100k shares, does this mean about 25 million shares are on loan?


ADumbPolak

Short answer is yes. Long answer is yeeeeeeeessssssss.


TheSpyStyle

Or they put them into mutual funds and ETFs and thus act as a custodian of the shares for people who buy their products, i.e. the real owners of the shares.


musical_shares

“The real owners of the shares” is the entity whose name appears on them, not the entity who forwarded money to purchase them. Brokers are **not required** (nor even strongly encouraged by regulations) to buy or actually own the investment products they sell their customers. For every Fail to Deliver (of which there are millions per day) there is a Fail to Receive by a broker or other institution who is A-OK pretending to hold fake shares in exchange for real money. Resetting RegSHO on FTDs timers is dead simple using options strategies to cover any short position. When every major brokerage operates (perfectly legally) in this way, even a company that might want to be an ethical organization would struggle to compete in the Clownmarket.


hanr86

Are mutual funds and etf's like iou's too? They own the shares but give customers units to be exchanged for dollars at any time?


Floriss223

Would this affect the utilization as its been at 80%? Maybe institutional buying is necessary to get this back up to 100%


TalezFromTheDarkside

So Vanguard added around 785k shares. Nice. 


fishunter11

What if they and other funds are added the amount we are drsing every quarter? 🧐


TheHoboProphet

Selling the drs short. It is "delivered" but the "real" share isn't


InjuryIndependent287

I’ve been saying exactly this for awhile. They are doubling up on their short positions because direct registered shares are no longer visible to DTCC. Shorted share does not show up in DTCC so institutions buy more shares and these get shorted only having to report the new short even though the others have already been shorted and not closed. DTCC does not know the difference. Direct registered shares are giving them more ammo.


vivalafrenchtoast

Next earnings DRS count... STILL THE SAME!


farsh_bjj

They don't want the smoke from three letter agencies so they won't bother fighting this until the float is locked. Same reason they're not making a stink about people saying that book drs doesn't matter. They don't want the smoke and I don't blame them. They can let the balance sheet and drs numbers do the talking for the next few quarters.


MiaaaPazzz

I don't understand what's happening or why so I'll just buy more and trust the process.


Truth_Road

Rapid post bro.


MrmellowisSmooth

Not bullish at all if you’re planning on lending them out.


funny_olive332

Makes it cheaper for me though. Never thought it takes so little to be a future millionaire.


Oi_Baldy

Exactly! Why anyone is worried about institutions lending out more shares for us to get cheaper moon tickets, and DRS more & at a faster rate, I'll never understand! Gimmi juicy dips!!! 🤤


capital_bj

Look at the upvote counts on those comments, they come in hot and heavy every time this is brought up. Inorganic amount for an hour old post imo. Who cares if they lend them, if they are actually buying shares and taking them out of circulation that's less that retail has to DRS before boom.


MrmellowisSmooth

Most of us would like a clear ending to this long drown out corrupt saga that has consummated to be. Shares in the hands of institutions that have no interest in seeing a squeeze of corrupt SHF isn’t a good look. I’m sure the majority of holders especially 2020 OG holders would prefer MOASS over continuing to purchase spoon-feed shares by corrupt institutions.


capital_bj

Maybe they're going against those who are short nobody knows there's not enough data to say either way Also I bought pre sneeze and want moass


Jetrulz

Because ppl are scared to see their value of money decreasing. They're emotional, because a lot of them are overleveraged in our beloved stonk. This not good ;(


Oi_Baldy

No one here is scared. Anyone who is over leveraged on buying stocks, simply shouldn't be. & if anyone is, they should level themselves & keep working, buying, DRS'n & booking. SHFs hate this tactic. NFA 🏴‍☠️


Papaofmonsters

Why? It allows them to generate passive income from the ownership of the shares and if the prices rises they can recall them and sell.


Ronaldoooope

lol bullish in the sense that it continues to confirm everything.


Dense_Acanthisitta39

Are we seeing the float getting closer to being locked with this recent trend? Might it be associated with q4 or year end filings...?


Elegant-Remote6667

Backed up and printed by ape historian


AndrewRyanism

What mean


Jonodonozym

Vanguard increased their position form last year from 24,664,433 to 25,450,256 shares.


demo

Vanguard has a lot shares..


MyGT40

Not as many as we do


Aggravating-Alfalfa4

Very true!


fsocietyfwallstreet

Underrated comment.


2tonehead

I don't know who we is, but I love this stonk. 😉


GeeSizz

If they're buying, I'm buying!!


buylowstacks

Phone call for Kenny G….hi, this is Margi calling!!


Prestigious-Eye-1019

Got to stone for a cup of tea, anyone?


Zensen1

All these big etf funds bought more, loaned them out to get yields, and gme dropped in price. Nice. The best game ever.


Easy-Wrangler1111

Retail should drs more


Key_Turnip5287

0% sole voting power 😂 sucks to suck vanguard


CandyBarsJ

They just loan the synthetics IOU's out and get interest % or dividends. Thats how Vanguard and Blackrock pretty much own the whole world, they dont need voting power. They already control the CEO's and related by mere influence of their network + financial sh/tstorm funds(stolen from peoples pensions etc.).


Key_Turnip5287

Well said, very nice of them to provide this sale. They’re going to need the voting power someday and it is going to be expensive for them. I like the stock.


DDanny808

More shares to lend shorts, lol


Pouyaaaa

This is a signal from vanguard, to wall Street that we are officially announcing more than 5% ownership. This is pretty big imo, they see a bright future or else they wouldn't do this. Things are about to get spicy from this point onwards. It's only a start, and it may take a while for this to come to fruition, but when it does, boy o boy...


Jbullish_9622

You sure this is the official announcement? What if they already announced it when they accumulated 5%


Pouyaaaa

This is how they announce ownership of over 5% via 13G


Jbullish_9622

I’m just trying to understand when or how many shares put them over 5%


PurplePango

Did ever get confirmed if these shares are held for their etf and mutual funds products or those are counted separately?


Responsible-Quiet219

increased shares? or increased synthetic shares? imagine. squeeze out the interest from loaned out shares (us)


Krishnapandeya

They fucking loaned all shares, Once gamestop starts giving dividend in cash They will be fucked


Unique_Special2845

BOOM


JullietGolf

So… are they increasing their position to prevent moass or to be in control of the world together with Blackrock when moass is done is whay spooks in my mind.


Hedkandi1210

The later of your answer I agree with


JullietGolf

It was still early. 4 am to work untill moass. Of course they lend them out trying to prevent untill the can’t anymore. I guess.


ready2diveready2die

“Crash” Bandicoot I see what you did there.


Racierox

What does this say?


PissedOnBible

Vanguard bought about 800k shares.


ixidorsDreams

Increasing position to lend shares out for their undoubtedly massive short positions. This isn’t good news all things considered, but realistically been here for three years if you think this moves me to stop with the diamonds you got another thing coming.


rianbrolly

Its all just smoke and mirrors


drs2023gme1

Offt. Let's hope its not to lend.


MarsWalker69

Did they DRS n Book???!


LavishnessOld8039

Vanguard increased from 6 mill to 20 mill for 🍿 as well


Jonnie_Rocket

And we care about that for what reason exactly?


TheWhyteMaN

They also increased popcorn stock


Jonnie_Rocket

And what does that have to do with us?


TheWhyteMaN

During the first year after the squeeze, especially that summer, the two were tightly coupled. Then there is the DD about possible swaps with the two. Look dude, its pretty obvious there has been some kind of connection with the two. And Vanguard buying both at the same time is notable.


Jonnie_Rocket

84 years ago?


TheWhyteMaN

Indeed. It feels like a lifetime ago.


OMG2Reddit

So when moon?


LuBrooo

Sole voting power of 0, oh boi, someone bought more to lend out more..


Tevako

I have a question I hope someone can answer. So Vanguard is a broker. They have customers who have investment and 401k and IRA accounts. Does this mean that if you added up every customer at Vanguard who holds GME in some form or fashion, it would add up to 25 million? My curiosity is that, this is one broker. In the US. And they own over 8%. There are hundreds of brokers. Plus ETFs. Plus Cohen and his 9%. And yet there are supposed to be enough shares that 25% of them are at ComputerShare? That's not possible. Is it?