Fannie Mae-No Politics (FNMA)

[navycmdr]

The Fannie/Freddie Stock Speculation Game Has Ended

Thurs Dec 9, 2021 - [e-mail]



Large institutional investors continue to reduce their stakes in
Fannie Mae and Freddie Mac common, according to trading
information reviewed by Inside Mortgage Finance.

Only two of the top-10 Fannie shareholders have increased
their holdings in the past quarter. The rest have cut their
exposure by as much as 66%.

The findings are based on figures available through Yahoo! Finance.

Pershing Square, the largest Fannie stockholder at nearly 10%,
has been a hold-out, hanging on to essentially all of its 116 million
shares. But the second largest Fannie investor, Capital Research
and Management, has dumped 52.6 million shares over the past
three months, 45.2% of its stake.

Capital Research also sold 20.5% of its stake in Freddie this quarter,
though it remains the largest shareholder in the enterprise with 10.2%
of the outstanding commons.