Fannie Mae-No Politics (FNMA)

[kthomp19]

how do you feel now that number 1 shareholder Bruce Berkowitz has sold all his shares?

Berkowitz sold most of his FnF shares several years ago. He certainly isn't the #1 shareholder right now, even if he might have been in the past.

And he didn't sell all of his shares. He still has 4.3M shares of FMCKJ left as of FAIRX's 2023 annual report.

That makes you 0 for 2. Keep swinging, buddy.




By contrast, Capital Group - particularly The Growth Fund of America (AGTHX) - publicly lists its share holdings. They currently have around 107M shares of junior pref stock, mostly FNMAS and FMCKJ.

They had held over 200M shares of commons before the Supreme Court Collins opinion in 2021, which they subsequently sold down to zero over the course of the next 5 quarters. That's more shares than Ackman had.

So it is you that needs to answer the question: how do you feel now that the then-number 1 common shareholder has sold all its shares?