Source: Memorandum from the Division of Economic and Risk Analysis
My understanding is figures 9 and 10 outline the daily market participants’ gross positions in securities exceeding 7% and 10% of the security’s market capitalization.
- On average, 65 participants exceed the 7% threshold daily, and 46 exceed the 10% threshold. The highest recorded numbers are 90 (7% threshold) and 60 (10% threshold), respectively.
- The total daily gross positions that exceed these thresholds (Figures 9B and 10B) can be larger than the number of participants, as one participant can hold multiple large positions.
- On average, there are 319 positions exceeding the 7% threshold and 174 exceeding the 10% threshold daily.
- The largest recorded numbers of such positions are 523 (7% threshold) and 292 (10% threshold), respectively.