Replies to post #813324 on Fannie Mae-No Politics (FNMA)

[trunkmonk]

What a great day yesterday right back to launch pad territory......
,KTCarneyCircusClownShow pulling out all da aliass, aint got nobody following.

[kthomp19]

Can you re-look at the very recent changes in Capital Group's holdings? Commons, but also the JPS?
Posters on other sites are showing very large increases in the Commons by Capital Group, BOTH in FNMA & FMCC.
Have NOT seen anyone post on Capital Groups holdings changes in the Jr. Preferreds (JPS).

I have tracked AGTHX's quarterly holdings for several years. In Q4 2024 they added 122.4M commons (77.2 FNMA, 45.2M FMCC) and 30M junior prefs (15M FNMAS, 15M FMCKJ).

That brings their common ownership up to a bit over half of what it had been before the Collins ruling (127M FNMAS, 83M FMCC), and their junior pref position back up to where it was just after Collins.

If the increase in Commons is true, do they have an inside track, &/or Ackman's 'ear'?

I can only speculate on this, but I don't think either Capital Group or Ackman have any special influence on how Treasury will resolve its equity stake.

On the other hand, I think John Paulson will have a great deal of influence over this resolution given his proximity to, and large donations to, the current administration. That proximity was quite literal today; he was seated in the second row behind Presidents Clinton and Bush.