RE:RE:RE:Hope I'm notrobnhood wrote: I think the last couple of months Anon selling has been mostly Sprott. The trader has a fairly recognizable pattern. Lately I have noticed that if another broker shows up with a bit of stock ,Anon takes a hike until the other guy is done at which point he reappears.
Well, I decided to do a little digging. Here are some facts.
Jan 1 2015 - Sprott Canadian Equity Fund Reports it has 3,548,350 DMM shares.
Mar 31, 2015 - Sprott files SEDAR report stating a decrease of 1,137,600 DMM shares. Sprott reports total shares held at this time as 6,519,060 (though I can't find any other fund that holds this, so maybe those are private equity shares held by Sprott on behalf of clients?).
June 30, 2015 - Sprott Canadian Equity fund reports 2,879,650 shares of DMM. The decrease in this fund from Jan 1, 2015 is only 668,700 shares, which means the balance of the 1,137,600 DMM share net decrease reported on March 31, 2015 either happened before Jan 1, 2015 or are from other funds or private client accounts.
Oct 31, 2015 - Sprott files SEDAR report declaring a 707,500 decrease in DMM shares. It reports aggregate holdings of 5,811,560 shares at this time. This 707,500 difference is exactly the difference between total Sprott reported holdings in Mar 31, 2015 and Oct 31, 2015.
So it's hard to say if Sprott is even the largest liquidator here. They only dropped 668,700 shares from their Canadian Equity Fund in the first 6 months of the year. From Mar 31, 2015 to Oct 31, 2015 they only dumped 707,500 shares in total across all their accounts. There was way more Anon selling in that period than that.
IF Sprott is selilng under Anon and IF most of the Anon selling since Oct 31, 2015 is Sprott from their Canadian Equity Fund, then they would be lucky to have 1 million shares left in the Canadian Equity Fund (probably less). But based on the above, I don't think Sprott is the main seller here. The Anon sales vastly exceed Sprott's actual reported declines across all their holdings. I'm actually starting to think Sprott was never the main mover behind Anon sales. They certainly sold some millions of shares, but we have seend several million shares sold by Anon in 2015 - Sprott didn't sell several million.
I also don't see what other Sprott funds hold DMM. I can only find reference to it in their Canadian Equity Fund.