Fannie Mae (FNMA)

[kthomp19]

Wait until the the massive jps holdings of the American Fund are liquidated, probably likely to begin soon, because it will take them a number of quarters to do.

What makes you think this is going to happen soon, let alone at all?

Capital Group (as a whole, including AGTHX) added a fair amount of juniors in Q4 2021 (12M FNMAS, 10M FMCKJ) and a small amount in Q1 2022 (350k FNMAS).

Meanwhile AGTHX (the only fund in Capital Group that held FnF commons) sold a bunch of commons in Q3 and Q4 2021, and might have dumped a lot more in Q2 2022.

The data show a (perhaps asynchronous) common-to-junior rotation, not a divestiture of all FnF shares.