Fannie Mae-No Politics (FNMA)

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Who's Buying / Who Owns Fannie Freddie commons -

Good Morning everybody, lately I have searched repeatedly attempting to find out who's been buying up Fannie and Freddie common stock, without any luck identifying any person or entity who might be accumulating so much GSE common stock as to have raised and sustained the current market prices starting around November of last year. Today I had a look at the Fannie 10K from 2023 and the Freddie 10K from 2022 and came across an interesting tidbit which might shed some light on why we can't determine who's been buying us GSE common stock - check it out:

From Freddie Form 10K 2022, page 272:

Pershing Square Capital Management, L.P., PS Management GP, LLC, and William A. Ackman ("Pershing") have filed certain reports on Schedule 13D, the latest of which
was filed on March 31, 2014. In that report, Pershing reported a beneficial ownership percentage calculation of 9.78%, based solely on the 650,039,533 shares of our
common stock outstanding as reported in our Annual Report on Form 10-K filed on February 27, 2014, and excluding the shares issuable to Treasury pursuant to the
Warrant. The Schedule 13D indicated that Pershing also had additional economic exposure to approximately 8,434,958 notional shares of common stock, bringing the total
aggregate economic exposure on the date of that filing to 72,010,523 shares of common stock (approximately 11.08% of the outstanding common stock). In that filing,
Pershing indicated that because it believes our common stock is not a voting security, it had determined not to file future reports on Schedule 13D. We do not know
Pershing's current beneficial ownership of our common stock.

https://otp.investis.com/clients/us/federal_homeloan/SEC/sec-show.aspx?FilingId=16421835&Cik=0001026214&Type=PDF&hasPdf=1

From Investopedia:
What Is Schedule 13D?
Schedule 13D is a form that must be filed with the U.S. Securities and Exchange Commission (SEC) when a person or group acquires more than 5% of a voting class of a company's equity shares. Schedule 13D must be filed within 10 days of the filer reaching a 5% stake. Schedule 13D is also known as a "beneficial ownership report."

So it looks like since GSE common shareholders have suspended voting rights, large holders of GSE common stock are not required to disclose their holding via Schedule 13D. To me this explains a lot. GLTA