Mr Cooper Group Inc (COOP)

[hotmeat]

Those shares are not like the cash the LT holds/held. If those shares were recorded as an asset they could give an unstable outlook of the LT's assets.

Unlike cash, share prices are volatile, as evidenced with COOP now, and would cause fluctuations in asset value.

Or it could simply be that the amount of shares are so minimal they may have decided it's not worth it's inclusion as an asset.

Either way that account as the LT has already stated has a de minimus amount of cash which is what would be of most interest to us.