Sorry Jack, but I don't think anyone "knows" the answer to that question. We "know" that early on at least one HF held more than the allowed P's and was forced to liquidate shares. There is much speculation that probably a number of HF's own their allowed 4.5% so in total the HF's could own a considerable number of P's but since they are not required to report their holdings, any number would be just a guess.