DNA Brands Inc (DNAX)

[Ed the Trader]

Institutional investors (ie: bankers, brokers and other professional investors) have to file a Form 13F with the SEC every quarter.

This form lists everything that the institution is holding.

Apparently, the Dow Jones Newswires takes all of that Forms 13F data, and runs it backwards to compile a list for every public traded company to see which institutional investors are holding stock in each company.

As a result, we know that Motley Fool has about 13 million shares of DNAX.

I already knew that Motley Fool had shares of DNAX from years ago (around 2013-14) because people on IHUB found out about it back then.

From today's report, it looks Motley Fool bought back in like 2013 or before because if I am reading it correctly, they bought their shares at about 32 cents per share. Last time DNAX was that high was 2013.

So, the only "news" here is that even institutional investors make mistakes when deciding what to buy.