'Palm' pid='17084' datel Wrote:Here is a link to 13G filings: http://www.paulhastings.com/assets/publi...s/1827.pdf An interesting thing on this is that this is the NY office filing this 13G. The 3%+ that Maui mentions that was reported back in Oct shows on Morningstar as having been filed by their UK office. So will this 5%+ be shown separately from the UK amount, or does it include it?
Thanks for the link, Palm; that helps. Based on that, it appears to me that JPM owns more than 5% of IOC in accounts that it exercises investment discretion over. That would include their mutual funds. It would not include by definition all "street name" stock as bonk alleges, and I don't think JPM even has a very large retail business. It might include some institutional client accounts (pension type for example) or private wealth accounts over which they have specific authorization for discretionary management (i.e. do not need client authorization for buy and sell decisions), or certain insider accounts. It would include proprietary holdings, of course.
As for the UK, the three subs listed in the filing above includes a UK sub, so that probably is included in the 5%; you may want to try to determine the filer name for the 3% filing. Maybe there's a separate entity involved, or maybe there is some lower filing requirement in the UK.